Bay Street Advisors Expands Investment Banking Team

July 12, 2024 – Executive recruitment firm Bay Street Advisors has expanded with addition of Rhona Crockett as a key member of its investment banking team. “Rhona’s extensive experience and proven track record in the industry make her an invaluable addition to our team,” said Larry Baum, founder and CEO of Bay Street Advisors. “Her expertise will significantly bolster our capabilities in delivering top-tier talent to our clients and enhancing our service offerings in the investment banking sectors.”
Ms. Crockett has over 25 years of experience in financial services search and talent acquisition. Her has been marked by ability to originate and execute senior-level investment banking searches. Ms. Crockett’s primary focus areas include investment banking coverage, M&A, equity & debt capital markets, and leveraged & acquisition finance. “This strategic hire aligns with Bay Street Advisors’ ambitious growth and expansion plans, particularly in strengthening its foothold in key financial markets,” the search firm said.
Throughout her career, Ms. Crockett has led searches across all major banking industry groups, including technology, media, telecom, FIG & fintech, energy, consumer/retail, industrials, healthcare, financial sponsors, and leveraged finance. Her recent notable placements include positions such as head of corporate & investment banking, managing director global head of technology IB, COO of global investment banking, and managing director roles in cybersecurity, software, renewables, power, fintech, technology M&A, industrials business services, and consumer/retail.
Ms. Crockett’s previous tenure at British-based search firm Sheffield Haworth saw her elevate the U.S. clientele from middle market to larger cap banks and firms, expand the investment banking & private equity team, and formalize research efforts. As the U.S. head of diversity, equity & inclusion, she spearheaded the ethnicity-focused workstream, reporting directly to the global head of DEI in London.
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Prior to this, Ms. Crockett served for over nine years as director of investment banking & global markets at a financial services boutique, where she advanced to global head of research & execution and was later named partner at a women-owned boutique search firm. Her career on Wall Street began at Goldman Sachs, Morgan Stanley, JP Morgan, and Bank of America, where she excelled in various roles in investment banking, sales & trading, wealth management, and senior talent acquisition.
Serving the Financial Services Industry
Bay Street Advisors specializes in the financial services industry. The firm is an independent and privately-held partnership that is composed of seasoned professionals from the investment banking, asset management, executive search, financial technology and strategic consulting industries. The firm’s brand mission is to provide premium executive search services to a select group of clients which include global investment banks, financial advisory firms, private equity investors, hedge funds, and insurance companies, among others. Core to Bay Street Advisors’ mission is its research department dedicated to developing best in class market intelligence.
Global Hiring Intentions Hold Steady from Q2, Drop Year-over-Year
Global hiring intentions are holding strong for the third quarter of 2024, with a Net Employment Outlook (NEO) of 22 percent, though outlooks weaken since Q3 2023 according to the latest ManpowerGroup Employment Outlook Survey. The survey, which gathered data from over 40,000 employers across 42 countries, reveals that while the NEO remains unchanged from the previous quarter, it represents a – six percent decline compared to the same period last year. This year-over-year decrease indicates that economic uncertainties continue to impact hiring plans.
“Though labor markets are holding strong in many markets, ongoing economic uncertainty continues to give employers pause,” said Jonas Prising, chairman and CEO of ManpowerGroup. “Most are incrementally more cautious than this time last year, prioritizing hiring for the core skills they need. At the same time – the promise of AI advances is front of mind for businesses across every industry. This data shows organizations are focusing on upskilling their current workforce and maximizing the potential of AI to drive efficiencies and boost productivity.”
Bay Street Advisors is led by Mr. Baum, managing partner and head of the firm’s capital markets practice. He founded the firm in 2009 after a nearly 20-year career in various trading and management positions with global investment banks. Most recently, he led global foreign exchange trading at Bank of America, overseeing a staff of more than 100 professionals across the globe. Leveraging his experience in establishing and leading global institutional platforms, Mr. Baum formed Bay Street Advisors to provide investment banks and alternative asset managers with comprehensive advice and additional resources to build their own world-class businesses. He began his career at Citibank.
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Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor – Hunt Scanlon Media