10 other ex-Lehman bankers likely to follow Skip McGee and leave Barclays...
Skip McGee has gone. His untimely departure, ostensibly ahead of Barclays’ need to establish an ‘intermediate holding company for its US operation’ almost certainly has something to do with pay. As we...
View ArticleCareer change alert! Bankers in Asia quit banks for corporate M&A jobs
An increasing number of disgruntled investment bankers in Asia are quitting banking to take advantage of a spike in corporate-sector M&A jobs at companies in the region. But in mainland China in...
View ArticleSlow death for smart staff in investment banks as ‘working ants’ take over
It’s not easy to take cost out of an investment bank. Chirantan Barua should know. Before becoming senior analyst for UK banks at Bernstein Research in London, Barua was an associate partner focused on...
View ArticleGender gap on Wall Street still needs mending
The latest diagnosis of the role of women on Wall Street still leaves much to be desired. Despite an aggressive PR focus on pushing for more women at the big table, very few have made it recently, and...
View ArticleSix tips for making the most of a job you want to quit, but can’t
You want to quit your job, but can’t. A combination of a foundering job market, reliance on big pay packets and the risk of taking a new position when redundancies are still rife in the banking sector...
View ArticleDeferred stock bonuses back to being a lump of coal?
While bankers are never pleased with being paid in the deferred stock, sometimes it’s a blessing in disguise. Those in the U.S. who received deferred shares following the crisis likely aren’t...
View ArticleHigh-paying hedge fund swoops on Credit Suisse derivatives chief
Mathias Berenger, managing director and head of European vanilla options trading at Credit Suisse has left to join high-paying hedge fund Capula Investment Management. Berenger, a derivatives trading...
View ArticleMorning Coffee: Impoverished ex-trader forced to rely on wife’s modest...
How long does it take before you run out of money when you leave a highly paid trading job? Stylianos Contogoulas, a former US dollar fixed income derivative swaps trader at Barclays suggests it’s...
View ArticleHow investment banks are now poaching from floundering hedge funds
Former investment bankers who moved into the hedge fund sector are increasingly being swayed back to their former vocation in the wake of fund closures. In theory hedge funds are the place to be. With...
View ArticleIs RBS still a good bank in which to start your career?
Ostensibly, RBS’s shriveling markets and international banking business doesn’t look like a great bet for anyone planning a glittering career in banking. In the past three years, RBS has cut more than...
View ArticleU.S. brings out the claws in fight with BNP, Credit Suisse
In the eyes of many, banks are quite literally too big to jail. No one would dare criminally charge a bulge-bracket firm due to the catastrophic ramifications for bank, and potentially the economy in...
View ArticleFour reasons why you should want to join Pimco’s equities team
Pimco, the once dominant bond giant run by eclectic founder Bill Gross, is planning a deeper dive into equities. The firm is looking to hire as many as 16 new equities staffers, split between senior...
View ArticleDoes it really matter that you’re not joining an investment bank in the front...
If you’re thinking of leaving university and going to work in an investment bank, you may already be familiar with the terms ‘front office, ‘middle office,’ and ‘back office.’ If you’re not, then maybe...
View ArticleEight of the hottest careers in Australian financial services right now
If you’re looking for a finance job in Australia or looking to move Down Under to find one, beware that some functions are decidedly hotter than others. Front-office investment bankers are still not,...
View ArticleMorning Coffee: JPMorgan to compensate low pay with hipsterish decor....
JPMorgan can be a big payer. In London, the average analyst at the bank is said to earn £58k, while the average managing director earns £827k. In 2012 (the last year for which figures are available),...
View ArticleToday’s results prove that RBS still has some excellent traders. Why do they...
RBS’s results are out. They’re pretty good. Revenues in the largely fixed income currencies and commodities (FICC) dominated investment bank fell a mere 8% in difficult markets. Operating profit in the...
View ArticleEx-UBS trader Hughes has repositioned himself as a hot shot technologist
For someone that’s just been banned from working in the City by the Financial Conduct Authority (FCA), John Hughes has the air of a man who doesn’t much care. In fact, his whole investment banking...
View ArticleShareholders urged to vote ‘no’ on Morgan Stanley pay plans
May is finally here, and with it comes the annual tradition of shareholders and advisory groups complaining about executive pay. First came Barclays, then Coca-Cola, and now Morgan Stanley. The bank...
View ArticleSimon Samuels, top-ranked banking analyst at Barclays, is retiring
Another senior banker with a long and illustrious career in the City is said to be calling it a day. Headhunters say Simon Samuels, Barclays’ top-ranked banking analyst, is preparing to retire in the...
View ArticleCome to London and get paid in cash!! EU bank compensation rules backfire...
When the European Union conceived its bonus cap, the intention was undoubtedly that pay for ‘bankers’ would fall. The City of London was undoubtedly supposed to be at the vanguard of this reduction....
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