I worked at Louis Capital Markets full-time (More than a year)
Lower level management was very friendly and extremely smart. The boutique and small company culture is very omnipresent here and everyone pretty much knew everyone. Very inclusive especially with after-work curriculum without forcing people to attend.
All of the managing partners were snakes. Very under-compensating, they were reluctant to part with any kind of money. Very hostile yelling culture that often went to physical violence. Company seems like it was built to die, they hardly hire anyone new anymore and a lot of people wind up leaving.
Advice to Management
Make a whole new internal change.
I have been working at Louis Capital Markets full-time
Nice, flexible environment, not much workload
Small size company, limited development
I worked at Louis Capital Markets full-time (More than 3 years)
Could have been a reasonably good dynamic inter dealer broker, if it was managed properly. Far too fragmented, not a cohesive unit. No guidance from the top, no management. No nothing really. No product, no edge, total also ran.
Aggressive management, clueless management. Bull market jockeys who thought they were clever in 2006/2007 when money was pouring into the markets, but serious lack of Plan B, and were found hugely wanting. There are a few people who work there that have never worked anywhere else so have no perspective on how things work outside LCM that leads to some seriously poor decisions and a sub standard level of work. However they feel like they are really adding value when they are just rotting, problem is no other shop would touch with such poor market experience. There was also the tendency for these types to have misguided admiration for some of their colleagues who they assumed to be brilliant for having friends who would feed them business and gasped at the brokerage being generated and mistaking it for genius. Exceptionally high turnover of staff even for an IDB. Management allowing a shouting / confrontational culture and turning a blind eye to it as long as the people in question where making money, even if they couldn't explain what a bid and ask spread was.
It would have to be a last resort to work there, due to overall lack of quality across the board.
Zero career opportunities, pay is inline with the market for a broking role.
Advice to Management
Manage?! maybe outside their capabilities? asks me to rate Laurent Imbert as CEO which is actually quite funny, i don't need to elaborate. Suffice to say he started the firm and is no longer there......
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