Salaries and bonuses for those working in the securities industry in New York City are on a roll as profits for actual Wall Street and midtown firms could surpass $60 billion in 2025 if key patterns continue, according to a report from New York State Comptroller Thomas P. DiNapoli. “As market activity and profits have… Read More >>
CastleOak Securities Hires MD from Deutsche Bank
Boutique investment banking firm CastleOak Securities has hired Rick Carr as a senior managing director and co-head of sales and trading, officials say. In his new role, Carr will report to David R. Jones, president and CEO of CastleOak, and he will be focused on “building the firm’s fixed income business and team nationally, with… Read More >>
Piper Jaffray Hires for New Financial Services Group
Piper Jaffray Companies, an investment bank and asset management firm, is making a “full-scale entry into the financial services sector” via a financial institutions group (FIG) that will include partners in sales and trading, equity research, fixed income and investment banking — all focused exclusively on financials coverage, officials say. “We remain focused on significantly… Read More >>
