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Inside ANZ's toxic culture: the high-octane world of dealing rooms

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When Barclays trader Etienne Alexiou​ was approached to join ANZ Banking Group it was meant to be the start of a lucrative career on the Sydney dealing room desk and an opportunity to run a big bank balance sheet.

On the evening in June 2011, after Alexiou signed his contract, ANZ's then global head of fixed income Rob O'Callaghanmet with his new recruit.

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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Joyce Moullakis wrote on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au

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    Original URL: https://www.afr.com/business/banking-and-finance/inside-anzs-toxic-culture-the-highoctane-world-of-dealing-rooms-20160114-gm5mk6