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28% of ALL front office investment banking headcount is in London. Does it...
How many jobs could leave London if the UK fails to secure passporting rights or the free movement of labour after Brexit? 50,000? 80,000? Actually, when it comes to traders, sales staff and advisory...
View ArticleThe City of London in 2030: a dark and deviant vision
The view from the hourly DUB/FRA Banker Shuttle is kind of cloudy as the bankers swerve to avoid English airspace. “Been there?” asks the Spaniard, peering into the gloom. “Sure – I’m on a stag night...
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Manuel Barroso isn’t the only insider advising Goldman Sachs on Brexit
So, Goldman Sachs has hired Manuel Barroso, former chairman of the European Commission to help it navigate the landscape the dark side of the post-Brexit vote. Goldman said Barroso will help with the,...
View Article11 things you need to know about banking pay in Hong Kong
It’s the second half of the year – typically a cost-averse period for banks as budgets dry up until bonuses are paid. If you’re negotiating pay for a new banking job in Hong Kong, you need to know what...
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Morning Coffee: Banking post-Brexit – work harder than ever, earn a lot less....
The true nature of the hollow in which the investment banking industry finds itself after the Brexit vote is starting to become apparent and it’s not especially comfortable. The declivity is one in...
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Exane just poached 28 year-old equity sales trader from RBC
Do not despair: a bank is hiring. Exane BNP Paribas is continuing it’s very (very) slow accretion of staff in London with the addition of a junior sales trader from HSBC and a trader from Morgan...
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Speaking as a French banker in Hong Kong, Europe is stuffed
As a Frenchman who spent nearly three decades in equity solutions, who’s worked in London, Paris and Hong Kong, for J.P. Morgan and UBS (among others), I like to think I have a global perspective. And...
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6 new buy-side firms hiring irrespective of Brexit
In the build up to the Brexit vote, new hedge fund, private equity firms and other small finance firms were in the process of getting off the ground. These are the top new London companies to launch in...
View Article“I’m an American who started a fintech firm in London. I have no plans to...
There are a few factors that have fuelled London’s rise as a centre for fintech startups, not least of which are the UK government’s favourable regulatory regime and the free movement of talent from...
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Six things Theresa May means for the City of London
As of this morning, Britain is one step closer to having a new prime minister, and that prime minister will almost certainly be former Conservative home secretary Theresa May. Unless, of course,...
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The top 15 fixed income traders at Goldman Sachs in London
Things are changing at Goldman Sachs. It’s a ‘partner year:’ in less than six months time around 80 people will be promoted to Goldman’s top rank. In the meantime, existing partners are retiring, or...
View ArticleThese six overseas MBAs could get you a banking job in Singapore
If you’re a finance professional in Singapore considering spending tens of thousands of dollars on a Western MBA – and taking time out to study abroad – it’s worth knowing which courses offer you the...
View ArticleNine tough interview questions that senior bankers in Asia love to ask
You’ve made it through to the final interview rounds at a financial institution in Asia. Now you’re facing a high-level grilling by the head of HR, the boss of the department – or even the local chief...
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Morning Coffee: Goldman Sachs and UBS just ramped up the cost cutting. The...
As banking analysts cut their predictions for banking profits and therefore banking bonuses in the wake of the UK referendum, banks are busy cutting costs. UBS and Goldman Sachs are the latest to...
View ArticleMoving investment banking staff out of the City could cost £804m ($1bn)
Large investment banks in London could end up spending £804m ($1bn) collectively just to move 20% of their employees out of the City into another European financial centre. It costs an average of £50k...
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UBS and HSBC ride rates surge with new hires
UBS and HSBC have both made senior hires to their European rates desks in recent weeks. UBS recruited Manjeet Gill, a former vice president in euro government bond trading from Deutsche Bank....
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Safest £100k job in finance attracts 70 students per position
Which £100k finance-related jobs are the safest in the City of London now? Discounting UBS, which says it’s stopped firing people from its investment bank, they’re almost certainly at the regulator....
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“I survived every crisis on the trading floor for the last 15 years. Here’s...
I was two weeks into my City career when 9/11 hit. One week later, I sat down with my new boss in Telecoms M&A who told me he was firing the whole team that day and leaving himself the next. It...
View ArticleBoutique investment banks take advantage of bulge-bracket woes to hire on...
Boutique investment banks are continuing to eat the lunch of large M&A advisory players in the U.S., but they’re also taking advantage of problems hitting bulge-bracket banks to bring in some top...
View ArticleThis is what your private banking salary and bonus should be in Hong Kong
As private banks in Hong Kong – including UBS and Credit Suisse – continue to increase their headcounts, it’s increasingly important for relationship managers (RMs) to know how their compensation...
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