Investment Banking

PJT Partners’ UK pay jumps to £602,000 as boutique adds dealmakers

The boutique investment bank slipped to a £5.2m loss for 2023, according to new accounts, but average remuneration is on the up

Paul Taubman’s PJT Partners increased investment banking fees and pay, but still posted a loss for its UK operation
Paul Taubman’s PJT Partners increased investment banking fees and pay, but still posted a loss for its UK operation Photo: Jeenah Moon/Bloomberg via Getty Images

PJT Partners hiked pay for is London dealmakers to an average of £602,000 last year as the boutique bank slipped to a £5.2m loss despite a 63% uptick in fees.

The UK arm of the boutique bank founded by former Morgan Stanley banker Paul Taubman increased staff numbers by around 14% last year to 235 people as it took advantage of larger rivals paring back their ranks.

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