Consultants vs Employees 
There's been a lot of stuff in the press recently about banks such as RBS and HBOS losing 'vital' staff in the securitisation, structured finance or other areas due to limitations on pay and bonuses.

Seen from where I sit the answer is simple-get in the consultants!

Here's why:
-We have loads of experience. My colleagues and I have all personally structured many deals, and run departments in big banks;
-We just get paid for our time, and don't have any claim on the bonus pool;
-We're not part of the headcount, so easier to bring in as & when required to get a specific job done;
-We're not part of the hierarchy, so do not get involved in office politics; we're just there to make things happen.



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