Victoria Young and Madeleine Farman talk to new heads on the US, high yield and China.
While in recent years Allen & Overy (A&O) has been probably the most confident of the City’s leading banking shops, it remains a fast-evolving world for even the most potent of banking teams. Since the market turned in 2008, Magic Circle firms have faced tight margins and the increasingly ominous incursion of US-dominated finance products in Europe’s credit markets.
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