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Just 25% of people going into banking in London last year were women
Ensuring that more women progress in their finance career is not just about empowerment – the UK has a supply problem. Just 25% of people going into the financial sector last year were women, and this...
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Deutsche’s newly-promoted MDs peeved at ‘bonus tax’
When is promotion to managing director less of a charm than a chore? How about when it comes with an effective ‘bonus tax’ which sees your variable compensation cut, if not eliminated, following your...
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Nine top U.S. fintech incubators and accelerators you need to know about
So you’re sick of your banking job? Before you make the leap to fintech, realize that becoming an entrepreneur is extremely hard. If you ask any founder of a fintech startup, they’ll tell you the...
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Seven hot junior bankers who might soon steal your job in Hong Kong
Are you a senior banker in Hong Kong worried about whether your role will be taken by an ambitious junior who’s currently rising up the ranks? Or are you a finance student looking for role-model young...
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Why women want to work for DBS, OCBC and UOB
Is Asia a better place for women to work in banking? And are local banks the best employers to work for if you need flexible working arrangements? Our Ideal Employer rankings would suggest so. Female...
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When leaving a Goldman or JPMorgan for a boutique makes sense – and when it...
If you are currently working at a huge bank like Goldman Sachs or J.P. Morgan and feel like your career growth has stalled, how can you tell when the time is right to join a smaller firm? One of the...
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Why won’t senior bankers quit? It’s complicated
The investment banking industry is afflicted by a bout of malingering. Where senior people in the industry could once be relied upon to go quietly, they’re suddenly clinging on with their fingernails....
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Ex-Cantor Fitzgerald European CEO, James Rowsell, has returned to finance...
James Rowsell, the former European CEO of Cantor Fitzgerald who oversaw its rapid expansion, has returned to the financial sector. Rowsell has just joined Bob & Co, according to regulatory filings,...
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As Tidjane Thiam struggles, here’s who Credit Suisse ought to be cutting really
It’s happening again at Credit Suisse. Late last night, the Swiss bank announced that it will be cutting another 2,000 jobs from its global markets division – 15% of the 13,000 global markets employees...
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Ex-Morgan Stanley quant MD: Going it alone is ‘scary’
When Pete Eggleston, the former head of the quant solutions and innovations (QSI) team at Morgan Stanley, put his hand up for redundancy in January, he knew that – after 20 years in the industry – he...
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Peter Seccia, Goldman Sachs’ head of North American derivatives sales, has...
The senior fixed income sales exodus at Goldman Sachs continues apace. Following reports that various long-serving partners in Goldman Sachs’ fixed income division have left as the bank seeks to cut...
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So, Anshu Jain’s son works in fixed income at J.P. Morgan
Research by Facebook suggests that if your father works in ‘business and finance,’ you’re likely to get a job in sales or the military. This does not appear to hold for Arjun Jain, son of Anshu. Anshu...
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What’s the easiest banking job to get in Hong Kong?
If you work in private banking in Hong Kong, be thankful. Regardless of your seniority level, you should have an easy time getting a new job in the city – at least compared to your counterparts in...
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Rise of fintech firms in Asia opens up jobs for bankers
When Henri Arslanian left the Hong Kong banking sector for fintech last year, he didn’t set up his own company from scratch – he joined an existing start-up as an employee on the payroll. With many...
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Morning Coffee: Contrasting fortunes of rogue traders. Cheap sausages at...
Not a good day for disgraced traders blamed for some of the biggest scandals in recent memory. Tom Hayes, the former UBS trader currently serving 11 years in prison, has been forced to pay £880k...
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7 things you need to know about pay at Tidjane Thiam’s Credit Suisse
Credit Suisse’s pay report for 2015 is out. CEO Tidjane Thiam has done quite well (CHF1.58m in salary, CHF2.9m in bonus – after he voluntarily asked for a 40% cut), but not that well (Sergio Ermotti...
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The best universities for getting a job at Goldman Sachs in the U.S., Europe...
Goldman Sachs recruits primarily from US Ivy League universities. This might sound entirely predictable, but Goldman does have some surprises in the places it recruits from. In Asia, for example, it...
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Is Deutsche Bank going to dump fixed income salespeople too?
As far as we can make out, most of the senior people let go in this year’s souped-up annual Goldman Sachs layoffs round have been fixed income salespeople. Now it seems that something similar may be...
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“Leaving banking is a major, life-changing step. It’s tougher than you think”
The turning point for Anton Pasechnikov came in late 2008. “I had an interview with Lehman Brothers,” he says. “They’d made me an offer with a guaranteed bonus – everything. It would have been great. I...
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This is where finance recruiters think the jobs will be after Easter
It’s not been an easy start to 2016. Large investment banks have been cutting heads in ever-greater numbers and a dismal first quarter suggests that more redundancies could be on the cards. But where...
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