Discover your dream Career
For Recruiters

Morgan Stanley hires man who left bank paying zero bonuses

Last year, Berenberg slashed bonuses and cut staff. This year, some of those people are turning up in new and bigger roles. 

Ross Law, an executive director, left the privately owned German bank last year following a round of cuts and news that it would be 'right-sizing' its cost base. He's now turned up at Morgan Stanley in London instead.

Law was Berenberg’s head of aerospace and defence equity research. He's just joined Morgan Stanley in a similar role as head of aerospace and defence research for Europe only. He was with Berenberg since 2014 and is based in London.

Morgan Stanley is strengthening its equity research team and Law isn't its only recent hire. Earlier this month, it recruited Patrick Wood from BofA in London for US medical technology equity research. The US bank is a rare beacon of light in an otherwise quiet equity research hiring market, which is sloshing around not only with people who've left Berenberg but exits from Credit Suisse too.  

Berenberg’s bankers were the least optimistic in our survey last year. Headhunters said staff in London were warned that the bonus pool was greatly diminished.

Berenberg, which was founded in 1590, is still owned primarily by the Berenberg-Gossler family.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for jobs in finance and technology.

Have a confidential story, tip, or comment you’d like to share? Contact: in the first instance.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

AUTHORZeno Toulon

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Python Quantitative Developer
New York, United States
Cobalt Recruitment
Private Equity- Investment Analyst
Cobalt Recruitment
London, United Kingdom
Mondrian Alpha Recruitment Solutions
Operations Analyst – Major Hedge Fund – 70-85k base / 50-100% bonus
Mondrian Alpha Recruitment Solutions
London, United Kingdom
Selby Jennings Investment Banking
Investment Banking FIG M&A Analyst 1-2 Elite Boutique
Selby Jennings Investment Banking
London, United Kingdom
Desk Analyst - High Yield
London, United Kingdom