(Bloomberg) — Top derivatives marketers who sell to hedge funds and senior investment bankers that talk with clients about more than one product are in line for the best bonuses at investment banks in Europe, an annual survey found.
Salespeople who generate the most income selling interest rate derivatives to hedge funds will get bonuses of as much as $4 million this year, according to a survey by London recruitment firm Armstrong International. Senior coverage bankers at the managing director level may receive more than $3 million if they have diverse product knowledge, it said.
Wall Street firms including Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. are poised to make their fattest profits since 2000, helped by debt trading and the highest volume of corporate takeovers in five years. More deals doesn’t translate to better bonuses for everyone, said Armstrong.
