[Sarki]

"The gains were the work of Tom Malafronte, a managing director on the bank’s high-yield-bond desk in New York."

A "Managing Director" so I'm pretty certain that he didn't do it himself, his team(s) did. Frankly annoyed by this recurrent praise for management people, at this level such a guy never dips a toe in the trenches.

[osullivj]

MD on a major bank trading floor is very much a hands on job. Probably supervising between 2 & 20 junior traders, ultimately tesponsible for their positions, and setting strategy. An IT MD in a bank would have headcount in the 100s.

[zump]

What's their bonus like?

[osullivj]

I know a trading Director for a rates desk who got GBP2.2M EOY 2007. MD would be more.

[dizzylight]

not too much for fix income sector

[nstj]

What's a management person?