On Wall Street, it might sound like a 15,979km ticket to nowhere. And yet here was Catherine McCormack, trading a plum job at Goldman Sachs in New York for a finance job back home — in Australia.
They are arriving in a country where Covid-19 cases are rare enough for each to be discussed and dissected individually. At a time when Singapore is locking down yet again, and New York City is emerging tentatively from the ravages of a virus that took almost 33,000 lives, Sydney’s bars and restaurants are mostly operating like it is 2019, and the hit Broadway musicalWhere exactly all these Aussies are returning from is a matter of conjecture.
Australia is not the only country reaping the benefits of successfully containing the virus. Other countries in a similar position are benefiting from a positive public health response that is winning over talent, with Taiwan, for example, seeing tech entrepreneurs come back home in the past year. The arrival of Jarden and investment bank Barrenjoey Capital Partners, both heavily stocked with bankers who helped make UBS Australia’s top player, has sparked a huge game of musical chairs. Looking to fight back with some hires of its own, UBS poached Nicholson for its infrastructure advisory team from New York.
Nicholson, who met his wife on a ski trip to Colorado, said they will miss the skiing but are excited about living by the beach and being able to enjoy the outdoors for 12 months of the year.Cleary jumped ship to Jefferies , where she will be heading up the bank’s financial institutions advisory team. Michael Stock, CEO of Jefferies in Australia, said the bank has hired internally and externally from London, New York and Hong Kong over the past year.
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