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花旗加速初级银行家晋升,与私募股权展开人才争夺战Citi Speeds Junior Bankers’ Ascent in Fight With Private Equity

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花旗集团公司正在缩短其投资银行分析师晋升为助理级别所需的等待时间,这是该银行在激烈的就业市场中吸引和留住顶级人才的努力的一部分,而收购公司正在从华尔街大举挖走。

Inc. is slashing the time its investment-banking analysts need to wait to advance to associate level, part of a push by the bank to attract and retain top talent in a fierce job market that’s seen buyout firms poach aggressively from Wall Street.

北美投资银行联席主管戴维·弗里德兰(David Friedland)在接受采访时表示,此举将使花旗初级银行家的分析师项目从三年缩短至两年,加快他们在公司获得资历的道路,并使公司与一些竞争对手保持一致。

The move will cut the analyst program to two years from three for Citi’s junior bankers, accelerating their route to seniority at the firm and bringing the company in line with some competitors, David Friedland, co-head of North America investment banking, said in an interview.

其想法是,更短的时间轴可以让花旗初级银行家更快地承担更多责任和更高的薪酬。因此,他们可能也不太愿意接受其他公司(例如竞争对手银行、私募市场投资者和对冲基金)的报价。

The idea is that a shorter timeline gives junior Citi bankers a faster path to more responsibility — and higher pay. As a result, they might also be less tempted to accept offers from other firms, such as rival banks, private-market investors and hedge funds.

此举重新引发了去年围绕初级银行家留任的讨论,当时银行高管对私募股权公司提前招聘周期进行了反击。在摩根大通公司,一些银行家发现,新员工跳过了公司强制入职的规定,前往私募股权公司面试下一份工作--尽管他们才刚开始工作几天。

The move revives a discussion around junior-banker retention that arose last year, when bank executives pushed back at private equity firms for bringing forward their hiring cycles. At JPMorgan Chase & Co., some bankers had discovered that recruits had skipped the company’s mandatory onboarding to interview at private equity firms for their next jobs — even though they were just days into their first.

摩根大通表示,将解雇任何在加入该公司18个月内接受外部工作邀请的分析师。它还缩短了晋升时间表,告诉初级员工,他们将有机会在两年半后晋升为助理。一些银行,包括花旗、高盛集团公司。和摩根士丹利也出台了规则,要求初级员工披露是否接受了其他工作。

JPMorgan said it would fire any analyst who accepted an outside job offer within 18 months of joining the firm. It also trimmed its promotion timelines, telling juniors they would have the opportunity to be promoted to associates after two and a half years. Some banks, including Citi, Goldman Sachs Group Inc. and Morgan Stanley, also introduced rules requiring juniors to disclose if they’d accepted jobs elsewhere.

“私募股权基金在银行家职业生涯早期就进行招聘面试的现实令人遗憾,在某种程度上也令人失望,”拥有27年高盛从业资历、去年加入花旗的Friedland表示。“当你刚登陆华尔街的第一个月,很难做出转行的决定。” 这一变革正值初级金融从业者普遍面临不确定性之际,新的人工智能工具旨在减轻繁杂基础工作,支持者称这将让银行家更早地将更多精力投入到客户服务中。

“The reality that private equity is interviewing so early in a banker’s career is very unfortunate and to some extent disappointing,” said Friedland, a 27-year Goldman veteran hired by Citi last year. “It’s very hard to make a choice to go into another field in the first month you land on Wall Street.”The change also comes at a time of uncertainty for junior finance professionals broadly, with the introduction of new artificial-intelligence tools designed to ease grunt work and, according to proponents, allow bankers to spend more time with clients earlier in their careers.

扩大花旗投资银行业务是首席执行官Jane Fraser的核心目标,她在2024年仅经过几天洽谈便聘请Vis Raghavan领导这一拓展工作。此后,他从竞争对手处大量挖角银行家,尤其是其前东家摩根大通。

Expanding Citi’s investment bank is a key goal for Chief Executive Officer Jane Fraser, who hired Vis Raghavan in 2024 after just a few days of talks to lead the push. He has since hired a swath of bankers from rivals, particularly JPMorgan, his former employer.

随着加速晋升计划的公布,花旗现任三年级分析师将于1月1日晋升为助理副总裁,前提是绩效达标。缩短的晋升周期意味着从分析师

With the announcement of the accelerated program, current third-year analysts at Citi will be promoted to associate on Jan. 1, subject to performance. The trimmed timeline will mean the expected progression from analyst to vice president will be cut to 5 1/2 years from 6 1/2.