The chart below is a list of calling officer level FIG Investment Bankers that have moved in the past 12 months – Houlihan Lokey’s Acquisition of Waller Helms Advisors is not included on the list. 

The 2nd quarter of 2024 was the best in two years for investment banks as stocks traded up on the narrative of capital markets reopening. According to a July article in the Financial Times, the five largest U.S. investment banks reported investment banking fees of $8.2B in the second quarter, which was a 40% increase over Q2 of 2023.

While the optimism of July has subsided a bit, hiring across FIG Investment Banking is as active as it’s been since early 2022. This includes the recruitment of execution staff, which is always an early indicator of an improving situation for the investment banks.