in earnest last year, management was faced with putting together a cohesive team of employees from three acquired companies.

To create a common culture, investment banking co-heads W. Barnes Hauptfuhrer and Stephen E. Cummings hit on a three-pronged solution -- a team-based compensation structure, a 360-degree review process, and the organizing of all wholesale and investment bankers into industry groups.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.