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The Official DOOM: London Traders Rebelling

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    The Official DOOM: London Traders Rebelling

    London Traders Rebelling Against EU Moves Pose Staffing Dilemma

    When JPMorgan Chase & Co. asked a team of about 15 London-based equity derivatives traders to move to Paris, it didn’t go down well. Almost half of them chose to quit, several to avoid relocating.

    Other global investment banks have faced similar issues. Goldman Sachs Group Inc. and Nomura Holdings Inc. have had a hard time convincing some traders to leave London, people familiar with the matter said, asking not to be identified discussing private matters.

    “I’ve got cases of people moving to the Continent and they are really not happy,” said Stephane Rambosson, the London-based co-founder of Vici Advisory, an executive search firm.

    Staff who have children in school are particularly reluctant to relocate, the people said. Other concerns include the scope for future career opportunities, pay and the smaller size -- at least currently -- of other financial centers.”

    https://www.bloomberg.com/news/artic...?sref=o1Dqf087

    #2
    They probably have wives who told them they move to Paris they will be facing (a very expensive) divorce.
    "You’re just a bad memory who doesn’t know when to go away" JR

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      #3
      Disappointed you did't take the "Revolting Traders" opportunity...

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        #4
        Originally posted by Paralytic View Post
        Disappointed you did't take the "Revolting Traders" opportunity...
        They’ve always being revolting, but now they are rebelling!

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          #5
          Rebelling isn't revolting but it's close

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            #6
            they have no choice. comply or get fired.

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              #7
              Originally posted by Andy2 View Post
              they have no choice. comply or get fired.
              Constructive dismissal cases in the City can be uncomfortably expensive. Some lawyers will be rubbing their hands...
              His heart is in the right place - shame we can't say the same about his brain...

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