Pros
- A handful of strong junior and mid‑level people who genuinely try to deliver despite the environment. - Occasionally interesting mandates, but quite rare.
Cons
- Management is completely directionless. There is no strategy, no coherent plan, and no evidence that leadership understands how to build a viable franchise. - Decisions are inconsistent, reactive, and often contradict what was said only weeks earlier. - Pay is significantly below market. This is widely known internally, yet management continues to deny or downplay the gap. - Communication from management is poor and frequently misleading. Messaging shifts constantly, commitments are walked back, and explanations rarely match reality. It becomes difficult to trust anything being communicated. - The firm’s prospects in Europe are essentially non‑existent. There is no credible growth plan, no investment in the platform, and no willingness to address the structural issues. Strong performers leave because they see no future here.