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In the City
Ex-Cazenove Chief Pickering on London's Banking Culture, Executive Pay, and NatWest Sale
Feb 22, 2024
Former Cazenove CEO reflects on London's banking culture, challenges of executive pay, and the ethical dilemma of NatWest's retail offer. Explore the evolution of London's banking culture, regulatory challenges in the IPO market, comparisons of financial centers post-Brexit, and the importance of inclusive investment opportunities.
20:34
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Quick takeaways
- Competitive pay and regulations hinder top talent recruitment in London's banking culture.
- Ethical dilemmas arise in retail offer decisions like NatWest sale, highlighting industry challenges.
Deep dives
Casenove's Unique Position in London's Financial Landscape
Casenove stood out as one of the last private UK investment banks with a discreet and prestigious image in the city of London. Its refusal to sell out during the Big Bang reforms of 1986 set it apart from other firms that merged to form larger financial institutions. With a male-dominated and exclusive environment, Casenove maintained its independence to provide clients with unbiased advice.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode