The Shifting Dynamics of Wall Street 'Down, Not Out'

John Rogan, head of the Global Banking & Markets practice, discusses the changing dynamics of the banking industry with Dan Freed from The Street:

Demand for certain skills, particularly fixed income trading, is down sharply from boom times, and John Rogan, head of the Global Banking & Markets practice at executive recruiting firm Russell Reynolds Associates, believes the fixed income market will be "structurally changed for a long time if not permanently."

However, executives who can help a hedge fund or private equity firm bring in new money or assist a big bank in attracting and maintaining large institutional clients are still very much in demand, Rogan says.

Boosted by record activity in Latin America, a "brilliant" year in Asia and "strong" activity in the U.S. and Europe, the global banking and markets practice at Russell Reynolds had its second best year ever, outpaced only by 2006, Rogan says.

Learn more about the Financial Services practice at Russell Reynolds Associates and read the full article on TheStreet.com.

About Russell Reynolds Associates

Leadership for a Changing World. In today’s global business environment, success is driven by the talent, vision and leadership capabilities of senior executives.

Russell Reynolds Associates is a leading global executive search and assessment firm with more than 300 consultants based in 40 offices worldwide. Our consultants work closely with public and private organizations to assess and recruit senior executives and board members to drive long-term growth and success.

Our in-depth knowledge of major industries and our clients’ specific business challenges, combined with our understanding of who and what make an effective leader, ensures that our clients secure the best leadership teams for the ongoing success of their businesses. www.russellreynolds.com