Hedge fund firm, Citadel Investment has made three new appointments, Financial News reports. It has named James Boyle as global head of equity-linked trading and Brad Kurtzman as head of equity index trading. Brennan Warble, who was head of equity sales at Bank of America (BofA) has also joined Citadel. All the three new hires were previously working with BofA. http://www.emii.com/CampaignArticles/271591/2194921/3910/Citadel-Taps-BofA-Traders.aspx?LS=EMS271591 LOL ! Save your ass BoFa traders !
BofA has TARF money so bonuses will be shit for years to come -- expect many great traders to run for the hills at all these large IB's.
1) The "exodus" of traders may pressure bonuses everywhere, unless you run your own shop. 2) Many of the "great" traders at IB's won't succeed outside of that type of environment. 3) The cream and crap rise to the top.