As part of the deal, all Cloud9 Technologies’ 100 employees across London and New York will join Symphony’s 400-strong team.
Record-breaking dealmaking in Canada is encouraging investment banks to beef up staffing, but the increased demand for bankers is forcing some to pay up in unique ways to attract new hires. Canadian mergers and acquisitions (M&A) year to date surged to a record $206.5 billion and IPOs hit an all-time high of $5.6 billion, according to Refinitiv, after the pandemic crushed dealmaking in the first three quarters of 2020. HSBC, JPMorgan Chase & Co and National Bank of Canada are expanding their M&A teams.
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