Mass migration for credit analysts

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The past month has seen a plethora of credit analysts switch jobs, possibly due to disappointing bonuses, regulatory pressures such as conflicts of interest posed by the FSA’s CP205 or just the usual bank-induced burnout.

The most high-profile exit has been HSBC’s head of credit research, Fran Hutchinson, who has joined European Credit Management. But this is not the only departure, as John O’Mahony, HSBC’s head of credit strategy, who only joined in December 2003, “just got up and left, possibly

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