- At least in Trading, upper management from top down has NO CLUE what goes on below. This results in a lot of POOR business decisions, or decisions made solely to satisfy their doubts, EVEN IF IT MEANS TAKING A BIG LOSS.
- Managers are working only to be in the good books of their BDs and EDs, in hope that some day, they will get the chance to be at their level. Everyone else are pawns to their personal goals, especially true for the sister offices in Houston and Singapore.
- Managers who have ZERO KNOWLEDGE about a particular book or business line get parachuted into a position and start to impose their own way of working, think very highly of themselves as they are now in an 'authoritative' place, rather than trusting the existing team and learning the ropes humbly.
- A very inward looking company. Everything is about Spain, Spain, Spain. Satellite offices in other parts of the world are there for show and there is no real trust, attentiveness or appreciation for colleagues in the other offices.
- Rigid and inflexible, because nobody wants to think out of the box, or make a change when the same operating model has been working for the past 20 years. RVTs are skewed towards a HQ bias, promotions and bonus percentages are strictly in accordance with a fixed ranking system of experience rather than actual contribution of the employee, which is why people eventually leave.
- Compensation is far below the market especially in other geographical locations.
