Prime Brokerage Boston
Prime Brokerage Firms | Boston
I just had lunch with two prime brokerage professionals. They were as shocked as anyone about Bank of America's recent take over of Merrill Lynch and said that they are now (9.15.08) receiving over 30 resumes a day from prime brokerage professionals and traders looking for jobs. They spoke a few minutes about how much the prime brokerage industry is changing - many of these professionals are used to making $500,000 a year and they are sales professionals, they do not know how to trade, manage risk or manage clients in a hands-on way. "they are not equipped" with the skills necessary to work for most small boutique prime brokerage shops - of course some are equipped arebut many are not.
If you need prime brokerage contacts in Boston please email me at Richard@HedgeFundGroup.org.