■ 本报见习记者 李 文

S the trainee reporter li wen

　　近期，国外金融网站已经迫不及待给2012年度金融业一总结性关键词：裁员。新一轮的裁员潮已经已经在海外投行业泛滥，不少公司选择“壮士断臂”来维持盈利。而在国内，IBD部门也受到了波及。一位业内人士表示，由于市场不景气，外资投行承销收入减少，降薪裁员必不可少，但由于国内外资投行的业务单一，对于投行人才的需求较大，所以裁员情况并没有海外市场那么严重。

recent,Foreign financial website can't wait to 2012 annual financial industry a summative keywords:layoffs.A new round of job cuts tide has already in overseas cast industry flood,Many companies choose to"Strong man brokeback"To maintain profit.And in the domestic,IBD departments have also been affected.A personage inside course of study says,As the market downturn,Foreign investment Banks underwriting income decrease,Downsizing essential saved,But as a result of domestic foreign investment banking business single,For investment Banks greater talented person's demand,So layoffs and no overseas markets so serious.

　　裁员潮袭击海外投行

Job cuts tide attacks overseas investment Banks

　　由于交易业务下滑、大交易减少和竞争加剧，原本人员流动大的金融业裁员首当其冲。从第二季度财报中看，国际投行近期集中裁员。据外媒统计，截至今年6月30日，美国六大投行在过去一年中削减了1.8万个工作岗位，占到六大投行全部雇员的1.6%。虽然夏季是传统裁员淡季，但在今年，投行已开始掀起新一轮裁员风波。

Due to the trading business downturn/The big deal to reduce and competition,Originally personnel flow big financial sector layoffs bear the brunt.Seen from the second quarter earnings,International investment Banks focus recent job cuts.According to the external medium statistical,So far this year on June 30,America's six big investment Banks in the past year cut 18000 jobs,Account for six big investment Banks 1.6% of all employees.Although the summer is the traditional off-season layoffs,But in this year,Investment Banks have started to starting a new job cuts storm.

　　美国人力资源顾问公司“挑战者”公布，美国企业7月计划裁员人数3.6855万人，按月及按年分别减1.9%及44%，创去年4月以来新低。金融业7月裁减职位达6156个，创半年新高。今年以来，累积裁员逾2.6万人，其中大摩和花旗裁员人数已逾5500人。

The human resource consulting company"challenger"announced,American companies plan to lay off July number 36855 people,Monthly and yearly reduced 1.9% and 44% respectively,And since April last year low.The financial industry July 6156 a cutting position,Gen half year highs.Since this year,Cumulative jobs more than 26000 people,Including the number of layoffs and citigroup has more than 5500 people.

　　欧洲投行也未“幸免于难”，德意志银行7月31日宣布，作为一项30亿欧元的成本削减计划的一部分，将在全球范围裁员大约1900人，其中大部分在德国以外。德银表示，此次裁员将为其30亿欧元(约合38亿美元)的成本削减目标贡献大约3.50亿欧元。同日德银发布的最新财报显示，第二季度净盈利下降46%，主要是由于欧债危机对投行业务以及证券交易营收的损害。而瑞士信贷已经明确宣布8月份将在纽约地区裁员138名，并宣布上半年削减支出20亿瑞士法郎，还将在2013年年底前继续削减10亿瑞郎。

The European investment bank also not"survived",Deutsche bank announced on July 31,,As a 3 billion euro cost cutting part of the program,Will be in the global range layoffs about 1900 people,Most other than in Germany.German silver said,The job cuts will for its 3 billion euros(Us $3.8 billion)Cut the cost of target contribution about 350 million euros.The German silver latest results show,The second quarter net profit fell 46%,Is mainly due to the debt crisis of investment banking and securities and exchange revenue of damage.And credit suisse has declared clearly August will be in New York area cut 138 jobs,And announced cut spending in the first half of 2 billion Swiss francs,Will also be the end of 2013 continue to cut 1 billion CHF.

　　日前，高盛集团对外宣布，该集团上半年营收下降至自2005年以来的同期最低水平。为了在今年额外削减5亿美元支出，该集团将裁减一部分员工，同时还将削减员工薪酬。事实上，在今年早些时候，高盛已经裁减了1000名员工。高盛今年二季度的投行净收入为12亿美元，同比下降17%。其中，金融咨询服务费用为4.69亿美元，同比下滑26%，这主要是由于全球范围内的M&A市场的萎靡所致。承销业务收入为7.34亿美元，同比下滑9%。

a,Goldman sachs group announced,In the first half of the group revenue decline since 2005 to the lowest level.In order to cut this year an additional $500 million spending,The group will cut part of the staff,At the same time will also cut staff salary.In fact,Earlier this year,Goldman sachs has cut 1000 employees.Goldman sachs investment Banks in the second quarter of this year net income for 1.2 billion dollars,17% year-on-year drop.the,Financial advisory service fee for 469 million dollars,Fell 26% year-on-year,This is mainly due to the global M&A market caused by the weak.The underwriting business income for 734 million dollars,Fell 9% year-on-year.

　　7月13日，摩根大通公布二季度财报，总收入为228.9亿美元，环比下降16%，同比下滑8.5%。除了首席投资办公室造成的巨亏之外，投行业务对收入和利润的贡献率继续排在零售银行后面。投行业务佣金收入12亿美元，同比下降35%；实现固定收入37亿美元、权益市场12亿美元，分别同比下降17%和9%。另有媒体报道，为提振零售经纪业务，摩根士丹利正在考虑关闭经纪业务办公室、裁减支持性员工并要求部门管理者提高营收。

July 13,,Jpmorgan chase announced second quarter earnings,Total revenue for 22.89 billion dollars,Link fell by 16%,Fell 8.5% year-on-year.In addition to the office of chief investment caused huge losses outside,Investment banking on the income and profit contribution in the retail Banks continue to row behind.Investment banking commission income of $1.2 billion,35% year-on-year drop;To realize the fixed income is 3.7 billion dollars/Equity market $1.2 billion,Year-on-year decline 17% and 9% respectively.Another media reports,To boost retail brokerage business,Morgan Stanley is considering closing brokerage business office/Supporting staff cuts and request the department manager to improve revenue.

　　在花旗银行的二季度财报，拉后腿的同样是投行部门，投行佣金收入环比下滑1%至8.5亿美元，固定收入季度环比下滑40%至28亿美元，权益市场收入环比下滑39%至5.5亿美元，有分析师用“几乎冰冻”来形容花旗二季度表现。

In citigroup's second quarter earnings,Since the same investment bank department is,Investment banking commission income chain fell 1% to $850 million,Fixed income quarter chain fell 40% to $2.8 billion,Equity market income chain fell 39% to $550 million,Analysts use"Almost frozen"To describe the second quarter's performance.

　　裁员潮也席卷到亚洲，日本最大券商野村控股正敲定主要针对股票和投资银行业务裁减数百名员工的计划。这是野村旨在实现海外业务扭亏为盈的整顿计划的一部分。

Job cuts tide also swept across to Asia,Japan's largest securities trader nomura holdings are finalized aimed at stock and investment banking cut hundreds of employees plan.This is nomura aims to realize overseas business around the reorganization of the part of the plan.

　　在海外投行裁员的趋势下，不少国内金融猎头也开始了行动，某猎头公司的工作人员表示：“国际投行裁员了，想回大陆发展的朋友可以考虑，一些机会虚位以待。”

Overseas investment Banks under the trend of layoffs,Many domestic financial executive search also started the action,A headhunting company staff said:"International investment Banks laid off,Want to go back to the mainland friends can consider,Some chance to leave a seat vacant."

　　国内外资投行小幅裁员

The domestic foreign investment Banks small layoffs

　　相比目前国外投行的大量裁员降薪，国内外资投行的情况相对来说比较稳定。一位业内人士告诉记者：“由于国内的外资投行业务很单一，所以对投行人才得需求也比较大，相对来说，在裁员方面情况好于国外。不过市场确实不景气，投行部门养不活那么多人了，裁员降薪是不可避免的。”另外，记者也了解到，有的国内外资投行不仅没有裁员，反而在招兵买马。

Compared with foreign investment Banks at present a large number of job cuts a pay cut,The domestic foreign investment Banks are relatively stable situation.A personage inside course of study tells a reporter:"Because the domestic foreign investment banking is single,So to investment Banks have talent is also great demand,relatively,In the aspects of downsizing is better than foreign.But the market really recession,Investment banking department keep not to live for so many people,Job cuts a pay cut is inevitable."In addition,Reporters also learned,Some domestic foreign investment Banks not only layoffs,But the top flight.

　　一位曾经在中金公司工作的投行人士告诉记者，“其实证券公司，尤其是中金这样的公司，裁员的方式也比较‘委婉’，一般就是找去谈话，或者是在年终的时候发个只有几千元钱的年终奖，侧面意思就是对你的工作不满意，那么员工自己也就知道该怎么办了（提交辞呈）。不过今年实在是不景气，项目也不好发，我之前所在项目的不少同事也都离职了。”据同花顺(300033,股吧)iFinD统计，今年以来只有3家外资投行持有IPO项目。其中，中金有2家，中德有2家、瑞银方正有1家，分别获得承销保荐费用10363万元、8556.42万元（暂无瑞银方正的数据）。而去年同期有4家公司持有IPO项目。

A once in cicc work investment bankers told reporters,"In fact the securities company,Especially zhongjin such company,Downsizing is the way‘euphemism’,It is commonly find to talk,Or is in the year-end time send a is only a few thousand yuan award,Side means is not satisfied with your work,So your employees will know what to do(Hand in his resignation).But this year is really bad,The project also bad hair,Before I place project many colleagues are left."According to the straight flush(300033,guba)IFinD statistical,Since this year only three foreign investment Banks hold IPO project.the,Zhongjin has two,Sino-german have two/Ubs founder one home,Won respectively underwriting sponsor fee is 103.63 million yuan/85.5642 million yuan(No ubs founder data).And the same period last year there are four companies hold IPO project.

　　这位投行人士告诉记者：“外资投行尤其是中金公司这样只接大项目的公司，相对国内本土券商来说，竞争力要小一些。现在的大项目不多，而且大项目会耗费更多的人力，一个项目可能需要好几个人。而国内一些本土券商的投行们甚至一个人手上握着多个项目。中金的一个大项目，最多的一次，有10多个人在跟。”该人士所说的一位保代可以负责多个项目得益与今年3月16日，证监会发布的《关于进一步加强保荐业务监管有关问题的意见》，其中明确提出允许保荐人同时在主板（含中小企业板）和创业板各有两家在审企业，即双人双签制度。截至目前，已有近百名保代在创业板、主板实现了单板双签、双板三签和双板双签。而在外资投行中，小规模的裁员正在进行。一位投行人士感慨到：“今天我北京大摩IBD一朋友告诉我，他旁边一个分析员突然就被裁了，没有任何征兆。中金最近也一直在裁员，不景气啊！”从上市券商中期业绩中也可以看出今年投行业务的不景气，投行业业务的下滑是券商们中期业绩下降的一个重要原因。据统计，上半年IPO平均发行费率6.4%，同比增加1.3个百分点。上市券商合计实现承销收入37.63 亿元，同比下降26.47%，仅东北、广发、方正、中信、国金、宏源6 家券商投行业务实现了正增长。

The investment bankers told reporters:"Foreign investment Banks especially cicc so only take larger project company,Relative domestic local brokers speaking,Competitiveness to want a little bit small.Now the big projects is small,And big project will cost much more human,A program may need to several people.And some of the local domestic securities investment Banks have even a person hold the multiple projects.Zhongjin a big project,Is one of the largest,Have more than 10 people in with."This personage says a insurance generation can be responsible for the multiple projects benefit and March 16,,Securities regulatory commission issued[On further strengthening sponsor business supervision of the relevant questions of the opinion],Which put forward at the same time allow guarantor in the motherboard(Contain small and medium-sized enterprise board)And the gem each have two in the examination of enterprise,That is double double sign system.So far,Nearly name guarantees the generation in the gem/Motherboard realized the veneer counter sign/Double plate three sign and double plate counter sign.And in foreign investment Banks in,Small layoffs are.An investment bankers to sigh with emotion:"Today I Beijing the big IBD a friend told me,Next to him a analyst was suddenly cut the,No sign.Zhongjin recently have been layoffs,Recession ah!"Listed securities from the medium-term performance also can see the recession this year investment banking,Cast industry business downturn is the brokers medium-term performance of one of the important reasons for the decline.According to the statistics,IPO issuance in the first half of the average rate of 6.4%,Increased by 1.3% year-on-year.Listed securities trader aggregate realize underwriting income is 3.763 billion yuan,26.47% year-on-year drop,Northeast only/Guangdong development/founder/citic/Countries gold/Hongyuan six brokers investment banking achieved positive growth.

　　在合资券商中，作为国内合资券商中资历最老的中金公司，在今年年初，宣布投行部门裁员30人。据悉，这是成立16年来的首次裁员。在大项目制优势渐失的背景下，再加上快速扩张带来成本大幅增加，管理困难等等问题，如今的中金公司也开始慢慢落寞。

In the joint venture in securities,As the domestic joint venture securities trader in the oldest cicc qualifications,In the beginning of the year,Investment bank department announced job cuts 30 people.It is reported,This was set up for the first time during the past 16 years in the job cuts.In the big XiangMuZhi advantages under the background of gradually lost,Combined with rapid expansion bring cost greatly increased,Management difficult problem and so on,Today's zhongjin company also began to fall mo.

　　中金公司近几年的承销费用也呈现逐年下滑的趋势。中金去年全年有2单项目，分别是凤凰传媒(601928,股吧)和新华保险(601336,股吧)。其中，新华保险是与瑞银证券联席保荐的。中金公司获得承销与保荐费用16803.8万元。2010年有4个项目，获得承销与保荐费用53133.5万元。2009年3个项目，获得承销与保荐费用109718万元。承销费用逐年下滑，在每年年末的承销收入排行榜上，中金逐渐下滑的名次，也提示着这家大型券商到了转型的时候。

Cicc in recent years underwriting expense also presents the trend of decline year by year.Zhongjin last year have two single project,Is the order of the phoenix media respectively(601928,guba)And xinhua insurance(601336,guba).the,Xinhua insurance is and ubs securities joint sponsor's.Cicc get underwriting and sponsor fee is 168.038 million yuan.2010 there are four projects,Get the underwriting and sponsor fee is 531.335 million yuan.In 2009 three projects,Get the underwriting and sponsor fee is 1.09718 billion yuan.The underwriting costs decline year by year,At the end of each year in the underwriting income on the list,Zhongjin declining ranking,Also suggest the big securities trader to transition when.

　　接受记者采访的一位投行人士无奈地说：“其实做投行就是吃青春饭的，说实话这个职业很累，而且收入也不如传说的那么可观。听说在银行普通员工贷款做的好的话年薪也有40-50万元，就算没有裁员，大家后来也会有其他的选择。”

The reporters a investment bankers helplessly said:"In fact do investment Banks is to eat meal youth,To tell the truth this profession very tired,And income also not so significant legend.I heard that in ordinary employees bank loans do good salary also have 40-500000 yuan,Even if no job cuts,We later will have other options."