“You’ll hear about some multimillion-dollar trader that got some multimillion-dollar increase in pay while you got less pay,” Alan Johnson, president and founder of Johnson Associates, said in an interview. “You’re not going to be able to make everybody happy and, unfortunately, this year you’re going to make many people unhappy. There are limited funds…
The largest private equity funds have enormous amounts of cash to invest, but face portfolio company defaults. Alan Johnson, head of the compensation and consulting firm, said PE outfits benefit from leverage when markets are up. “Now they’re on the other side of leverage and it hurts,” Johnson told Institutional Investor. “I won’t have a…
“It is going to be a disappointing year,” says Alan Johnson, managing principal at compensation consulting firm Johnson Associates. And lower comp isn’t the concern for industry workers. “Headcount is going to be a big issue in the industry,” Johnson adds. Effective remote work not only came as a surprise to asset manager business leaders,…
Managing director Alan Johnson said employees on the support and operations side of the business, like those involved in processing and lower-level technology functions, will likely be most vulnerable. The dim projections underscore how asset managers are under pressure as they navigate falling fees for products and thinning profit margins in a highly uncertain economic…
“It’s not just where the markets are, it’s the fees you collect,” said Alan Johnson, managing director of Johnson Associates, in a phone interview. “We have these systemic changes within the market. We’ve moved from active to passive; we’ve moved to ETFs.” Mr. Johnson added that the decline is only “moderately worse” than estimates made…
Only traders and investment bankers who work in underwriting are likely to receive bigger bonuses in 2020, compared with 2019, according to the report… Layoffs could begin at traditional asset management firms and investment and commercial banking divisions later this year or in early 2021, as banks struggle to make a profit as the pandemic…
On Wednesday, it was reported by a top compensation consulting firm, Johnson Associates, that Wall Street is likely to cut bonuses this year by 15 to 20%. These numbers were revised downward from a dire 30 to 40% reduction made earlier in the year. At that time, Alan Johnson’s views were pretty bleak, calling for…
Most employees who receive H-1B visas are hired to fill roles at asset managers that require technology skills, says Alan Johnson, managing director at Johnson Associates. BlackRock and Fidelity were each recruiting for tech jobs last year. Large firms with sophisticated recruitment teams are generally more likely to use the visa program, Johnson adds. “The…
The latest survey by compensation consultant Johnson Associates predicts that financial services pay will be slashed by 15 percent to 20 percent in 2020 — a vast improvement from the 30 percent cuts the same survey predicted in mid-May. “We’ve dug halfway out of the hole,” the report’s author, Alan Johnson, told The Post. “But…
Incentive compensation will be under strict scrutiny this year and will take into account companies’ performance during the coronavirus crisis and the Black Lives Matter movement. This scrutiny will extend to chief executives’ compensation at public companies, Johnson wrote. “With the impact of COVID-19 and recent focus on justice and equality, it will require a…