With the mass layoffs happening across the organization with no end in the medium-long term how safe is CIB Markets ?
This is the sales and trading division of CIB which has had some moderate success in terms of revenue growth but I don’t see how this business can grow/compete given the asset cap issues and the fact that most of the technology/traders are outdated/less talented compared to the larger players on wallstreet.
Only asking because I have an opportunity to move to a role here but it will be non-client facing dealing more with strategy and execution.
From my limited interactions it seems like people are relatively happy here and are content with doing the basics (eg: not taking on too much trading risk, living with old technology etc)
Any input would be appreciated