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Editorial: Job market merry-go-round keeps spinning
10 March 2010
The number of people who have left institutions - particularly the US investment banks - is staggering.
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Editorial
job market
people moves
Steven Udvar-Hazy
International Lease Finance Corporation
The past year has been extraordinary for those working in airfinance. The number of people who have left institutions – particularly the US investment banks – is staggering.
First came a wave of redundancies. Then the banks shut down entire airfinance units, keeping one or two bankers to wind down their existing portfolios. Finally, with all the uncertainties about lending capacity for banks and access to debt for lessors, people have left – in one case there was a mass exodus – for other opportunities.
From December 2008 to June 2009 it seemed like things would only get worse. Having suffered redundancies, some former investment bankers set up boutique advisory firms;...
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