Its annual report wasn't quite as noir, but Rohner is still wearing a three piece suit and Thiam is still sporting a structured two buttoned suit with an extra ticket pocket. Tailoring is everything. Insiders say it's not that bad. He says there's a dress down Friday at Credit Suisse: jeans are allowed but wearing a T-shirt too would be taking things "a bit far. Another mid-ranking banker at CS says the real point of contention is the tie: "Monday to Thursday is suit, no tie.
Friday is casual. They notice this stuff. As a French bank, you might have thought SocGen staff would be the epitome of style. Apparently not. A client complained to me that one of our teams came to visit him and only one of them was wearing a proper suit. She surmises that the relaxed dress code at SocGen - especially in Paris - has something to do with the fact that the investment bank is housed with the retail bank.
It's more Carrefour than Chloe. When SocGen investment bankers do dress smartly, she says they do so "discretely" - there are no big labels and prestigious accessories: "I've had to put away my best handbags. He tried to look like a stereotypical banker," says one Barclays MD. Under Antony Jenkins it was confused. Now-chairman John McFarlane put an end to all that summer.
There are no pin striped suits and braces any more. Individualism is expressed through "funky glasses. If you would like to share your sartorial secrets, please do so in the comments box below. Get the latest career advice and insight from eFinancialCareers straight to your inbox. Please click the verification link in your email to activate your newsletter subscription.
Click here to manage your subscriptions. Search Jobs. Graduate Guide. A bit. Follow MadameButcher. The lost Goldman Sachs fixed income recruiting video. The fashion faux pas of finance interns, as recalled by senior bankers. Clothing you must never wear as analyst, associate, VP or MD in an investment bank. Newsletter sign up Get the latest career advice and insight from eFinancialCareers straight to your inbox Sign up. Error: Enter a valid email address. But does the dress code differ from bank to bank?
A bit. This is how the tribes at banks differentiate themselves, according to insiders who work within them. They start wearing their jackets. They grow beards. Beards are a thing among senior staff at Goldman. Lloyd Blankfein grew one, and then shaved it off. Marty Chavez has one. There are far fewer beards at J. Deutsche insiders say the bank has become less smart since Anshu Jain — famed for his sartorial rectitude, quit. The exception to this rule appears to be Sam Wisnia, the ex-Goldman partner who joined Deutsche at the start of last year.
As a French bank, you might have thought SocGen staff would be the epitome of style. Apparently not.
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