People should quit finance and start farming, says veteran investment banker
Kato Mukuru, head of equity research at boutique investment bank Exotix and a former director of research at Citi, has been working in finance for over 20 years, but admits that he’s lucky to have made...
View ArticleGuess who’s covertly hiring a lot of DCM bankers, and paying them incredibly...
When you think of an expansionary, aggressive, high-paying bank that’s out there poaching investment bankers from rival firms, you probably don’t think of Lloyds Commercial Bank. In fact, when Lloyds...
View ArticleCantor Fitzgerald set to hire in asset, wealth management following spate of...
Fearless growth isn’t a strategy embraced by all that many financial firms post-crisis. Cantor Fitzgerald appears one of the outliers. The U.S. investment bank continued its diversification strategy...
View Article“Persuading people to join European banks is like pushing water uphill”
Headhunters say European banks are in danger of being hollowed-out by their inability to attract good people. Both in New York and in London, European banks are being given a wide berth. “If you...
View ArticleRecruiters bemoan ‘crazy’ pay rises for analysts and associates. Banks losing...
Investment banks and private equity firms are engaged in a tug-of-war for analysts and associates, offering big pay rises, guaranteed bonuses and promises of rapid promotion. Both investment banks and...
View ArticleThe indebtedness of ex-high-earning bankers who can’t stop spending
What happens when you go from having a high six figure income in investment banking to earning far, far less (or even nothing at all)? Amit Goyal, the former head of global FICC structuring at UBS,...
View ArticleClever things to say and dramatic things to do at Asian banking job interviews
It’s post-bonus season in Asia – bankers are looking for new jobs, bankers are getting interviews, and both bankers and hiring managers are trying to out-do each other at said interviews. Recruiters in...
View ArticleMorning Coffee: Actually, the EU wants a hard limit on bankers’ pay. The FICC...
What would it take for banks to appease lawmakers in the EU who don’t like the way they pay their staff? The true intentions of Philippe Lamberts, the Belgian Green MEP, who helped devise the...
View ArticleCo-head of M&A at Goldman Sachs suggests the work of junior bankers is often...
The life of a junior M&A banker is not an easy one. It is they who sleep in toilets, who work 21 hour days and who are being offered protection by new policies designed to offer respite from the...
View ArticleThe rise of the hedge fund marketing professional, ten times as many jobs as...
Hedge funds are clamouring to hire marketing professionals who can help them raise ‘sticky’ capital after a year when a number of underperforming strategies struggled to stem investor outflows. There...
View ArticleCiti warns of rocky first quarter amid federal probes
Citigroup has a had tough week. With pressure mounting from multiple fraud investigations in Mexico, the U.S. bank is now warning investors of what is shaping up to be a sluggish first quarter. The...
View ArticleWhy banking wives don’t do London
It may not be as expensive as Singapore or (surprisingly) Paris, but London is an expensive place to live. It’s in danger of becoming more expensive still – one property investment company is wildly...
View ArticleDay in the life of a consultant at Bain & Company
I work at Bain & Company, the global business consulting firm, in its New York office. Having spent the last three and a half years working in Bain’s London, Melbourne and Johannesburg offices,...
View ArticleEx-BAML FX head takes chief risk officer role at Citadel
A former Bank of America managing director, who spent his career as a trader, has now joined hedge fund Citadel as chief risk officer for its European operations. Guillaume Huteau, who was most...
View ArticleInvestment banks offering graduates a second bite of the cherry as deal...
It’s March and a strange thing is happening with investment banking graduate recruitment – there are still front office opportunities available. An increasing number of bulge bracket banks are now...
View ArticleClik here to view.
Blame the ex-Lehmanites for Barclays’ increased bonus pool
It was always likely to end in tears for British bankers in London. People who’ve worked for Lehman Brothers in the U.S. are used to being well paid. How well paid? Well…Dick Fuld received $484m in...
View ArticleMorning Coffee: Confusion as Goldman hires JPM man into job someone already...
How can you tell that you’ve fallen out of favour with your employer? One indication might be when someone else turns up to do the job you’re already doing. This seems to have happened to Guy...
View ArticleHow to move from a stressed out trader to a zen-like money-maker
Mindfulness, a meditation technique with its roots in Buddhism, conjures up images of uncomfortable cross-legged poses in a field, preferably while smiling beatifically. In actual fact, it’s a...
View ArticleClik here to view.
Why it is that JPMorgan needs to hire in cash equities
JPMorgan wants to hire for its equities business. In their presentation last week, Mike Cavanagh and Daniel Pinto, co-heads of its investment bank, said the bank plans to ‘strengthen its equities...
View ArticleWhy you shouldn’t complain (too much) about the cost of working in New York
Perhaps we should all stop grumbling about $14 gin and tonics and $30 cab rides uptown. While it may be hard to believe, there are more expensive cities to live in than New York. In fact, there are 25...
View Article