Lee Byers set to continue hiring

Malaysian Brokerage Lee Byers has gone on its second recruitment drive in equity trading since the financial crisis, a move that could bring up to 50 new traders into the firm.

Online PR News – 07-July-2011 – – The Brokerage, like most of its main rivals, recruited aggressively last year, hiring more than 200 staff globally as it sought to rebuild its equities franchise in the aftermath of the 2008 financial crisis.

Sources close to Lee Byers said it was seeking to build on last year's momentum with an extra 30 to 50 equity trading hires across its various international offices this year.

The Brokerage recruited several high-profile traders last year, who joined from agency broker CA Cheuvreux in November, and Richard Evans, a former Citigroup trader who joined the firm in October.

Most of the largest equities trading houses, such as Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan and UBS, are still hiring but expect to do so at substantially lower levels than last year.