In further evidence that banks are prepared to pay up for talent even in these difficult times, Deutsche Bank has hired David Scott - one of the region's most popular strategists and reckoned to be worth a very high seven figure package per year.
More surprising still, Scott turned down a substantial offer from Goldman Sachs to join Deutsche. Friends in the market say Scott's personality may explain this. The Scotsman's persona could hardly be described as Goldmanesque.
Scott came onto the market when his old firm, WI Carr was recently shut by its French parent, Credit Agricole Indosuez.
As Scott left the trading floor of that once great house, those around him say he...