New sovereign wealth fund starts hiring
The Nigerian Sovereign Investment Authority (NSIA), the country’s $1bn SWF that started investing in June last year, is hiring. After setting up the executive team last year, the fund is starting to...
View ArticleMeet the new SAC Capital, or whatever it will be called
We knew it was coming, we just didn’t know when and in what form. SAC Capital Advisors will soon turn from one of the most successful hedge funds of all time to a shrunken-down family office that...
View ArticleBarclays is losing senior fixed income sales staff three days before bonuses
As a possible part of the 400 redundancies reported at Barclays last week, we understand that the U.K. bank has parted company with some of its longest serving London-based sales staff. Andrea...
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Can you conquer the hardest strategy questions asked in finance interviews?
An argument can be made that the hardest interview questions in all of financial services are asked by top consulting firms. They require intense preparation but also the ability to think on your feet...
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Despite bonus decimation, Barclays’ rates traders have just given huge...
Barclays’ bonuses are due to be announced this Friday. They are unlikely to be particularly generous: the British bank is being urged to cut costs and chief executive Antony Jenkins has agreed to...
View ArticleGlut of Australian accounting graduates means they need to look to Asia,...
Students from Asia are returning in droves to Australian universities, making the country one of the most popular destinations for undergraduates from China and India and providing billions of dollars...
View ArticleDaily Dispatches – M&A activity to pick up in Southeast Asia in 2014
Singapore’s Business Times reports that M&A activity in the region is set to grow this year, if the political fabric of some countries such as Thailand remains intact. “We’re fairly positive on the...
View ArticleMorning Coffee: Why another big round of banking job cuts could be coming...
If you work for Barclays or RBS, you might be a little fearful that your job will disappear in the months to come. If you work elsewhere, you might be feeling more sanguine. That sanguineness could be...
View ArticleJunior banking jobs in UK locations you probably haven’t thought of
Students considering a banking job in the UK inevitably think of the City of London, but in an era of cost-cutting, most jobs outside of the front office are being shipped off to cheaper locations with...
View ArticleWhere 3,600 new finance jobs have been created in the last two years
Moving to a role in Dubai hasn’t always been the safest option in recent years, with a lot of international banks scaling back in the region, but the largest international financial centre in the...
View ArticleWhen accountants get duped into becoming ‘bankers,’ or not
Banks are hiring accountants again. It’s all happening according to recruiters, who claim that banks are once again scouring the newly qualified ranks at the Big Four for people who might be able to...
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Two charts from Deutsche Bank illustrating two reasons to work for UBS
Yesterday was UBS’s results day. The Swiss bank did very well. It increased profits by 760% in the core investment bank (although compensated for this by making some big losses in the legacy investment...
View ArticleRed Flags and opportunities: What to look out for while choosing an MBA...
You’re halfway through your MBA and are on the lookout for a financial internship. How do you decide where to look? And, if you’re lucky enough to get multiple offers, which one should you take? It’s...
View ArticleSenior bankers share wisdom on handling heinous travel
If you work in the City of London, you may be dreading your trip home today. If you work in Canary Wharf, you might as well sleep at the office. There’s a tube (subway) strike on and the commuting...
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Credit Suisse investment bankers paid 20% less than at UBS as bank swaps out...
Credit Suisse has announced its fourth quarter and full year results. They don’t look good. The investment bank made a loss of CHF40m in the fourth quarter of 2013 (compared to a profit of CHF298m in...
View ArticleBanks still turning to expat expertise in the Gulf as localisation quotas...
If you’re an expat working in a Gulf state, localisation initiatives should be a concern. Most financial services organisations, along with every other private sector firm, is looking to hit a quota,...
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SAC’s Lacrosse-star chief executive is the last to leave the London office
The imminent closure of SAC Capital Adviser’s London office has been known about since October, and since then a range of competing hedge funds, including Millennium Capital, BlueCrest and, more...
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What you can expect to earn in accounting, IT, operations, risk and...
Replacement hiring is so 2013 – this year financial services firms will be positioning themselves for growth. Adding to the newfound sense of optimism for financial services recruitment in 2014, is the...
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A brief history of Credit Suisse’s investment bank, in bubble charts
Have you got lost following the story of Credit Suisse’s investment bank? It’s ok: the bank itself has signposted its strategic development with a lot of bubble charts showing what it likes and what it...
View ArticleTrader commits parking violation to avoid doing his job
Just how vigilant have regulators become in recent years? Two Wall Street traders were fired and are now facing federal charges for committing a parking violation. At least that’s what a...
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