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TOP STORIESDid that happen at Dresdner?19 June 2008COMMENTSTypical arrogance. And we wonder why the state of financial services is in disarray? Front Office guys full of greed. What a waste of what is probably a beautiful mind. Speaking of parasites.... Read all comments »City Boy, the fast living, fast talking writer of City exposés in The London Paper has unmasked himself as Geraint Anderson, a top-ranked utilities analyst at Dresdner Kleinwort. For anyone who failed to keep abreast of Anderson’s columns, we’ve unearthed a few choice links, categorised by subject matter: Entertaining clients An expensive business involving £2,500 evenings out at pricey restaurants, followed by nightclubs frequented by ladies of Eastern Europe. (Dresdner appears, however, to have followed in the footsteps of Deutsche, and cut entertainment allowances in May.) Bonuses Dresdner may actually pay bonuses worth more than £100k. Several people even received £400k payouts last year. However, bonuses for 2008 could be a little lacklustre, given that the bank apparently set its commission targets in December 2007, when market conditions bore a little less resemblance to the career prospects of Sir John Gieve. Interns and graduates Liable to be preyed upon by leering bankers, subjected to ribald humour, and made to fetch endless rounds from Starbucks. And on headhunters… Finally (and this is entirely Anderson’s own opinion): “Frankly, headhunters are parasites living in the bloated stomach of capitalism. When the revolution comes they will be the first up against the wall.” Dresdner's defence Dresdner is keen to distance itself from Anderson – which is entirely understandable given Anderson's revelations about what went on in the City over the past two years. A Dresdner spokeswoman furnished us with the following comment on the issue: "Geraint was formerly an employee at Dresdner Kleinwort, as well as a number of other banks. We know that he has been at pains to point out that his new book, which is set at an imaginary US banking giant in Canary Wharf - is a work of fiction charicaturing the investment banking lifestyle. We are viewing the book and his previous columns as nothing more than an attempt to entertain - which we are confident is how they are meant to be received. We wish Geraint well with his new career"
COMMENTSMiddle Office Guy, Derivatives, Thu 19 Jun 08I hope he gets sacked now that the cat is out of the bag. City Boy is a punk, has always been a punk, and deserves all of the crap that is coming to him - in this life and the next. Typical arrogance. And we wonder why the state of financial services is in disarray? Front Office guys full of greed. What a waste of what is probably a beautiful mind. Speaking of parasites.... Add your comment »Mr Headhunter, HR & Recruitment, Thu 19 Jun 08Headhunter = middleman
Gillian McClure, HR & Recruitment, Fri 20 Jun 08I became a headhunter so that I could earn enough money to live after my job in broking didn't work out. Headhunting works on a similar principle to broking except, for me, I'm my own boss and therefore don't have to worry about being given those nasty huge expense accounts to corrupt me. And as my clients in both banking and fund management will tell you I never try to place someone to make a quick buck and equally have a vocational interest in seeing people settled in the right job. In DKWs defence I was never aware of cocaine abuse there. Add your comment »defunct credit analyst, Credit, Tue 24 Jun 08No point pinning blame on Dresdner for pricey dining and strip clubs, it happens at all the banks - clients want it.
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