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Citi has swiftly promoted Tom Strong to lead coverage of major bank stocks following the departure of its lead analyst, Brendan Sproules, to Goldman Sachs. This shift is indicative of increased volatility in the banking analyst sector, driven by competitive offers and a focus on enhancing Citi's advisory research capabilities. A spokesperson emphasized the firm's commitment to investing in its research offerings to strengthen its market position.
Goldman Sachs has hired senior banking analyst Brendan Sproules from Citi, intensifying competition in the analyst sector. This follows the departure of Goldman’s previous bank analyst, Andrew Lyons, to Jefferies, which has been actively recruiting from Goldman, including the poaching of head of equities, Mario Argyrides. Lyons reportedly secured a $2 million guaranteed deal for two years, while Argyrides' contract is rumored to be even more lucrative.
Brendan Sproules
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citi promotes tom strong as lead analyst after goldman poaches brendan sproules
08:54 26.03.2025
Goldman Sachs recruits analyst Brendan Sproules from Citi amid talent wars
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08:48 25.03.2025
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