Morning Coffee: Fare-dodging fund manager unlikely to work in finance again,...
The ‘City highflier’ who was cheap, or foolish, enough to deliberately avoid paying over £43,000 in train fares when commuting into London from a country railway station has now been unmasked as...
View ArticleHSBC is increasing banker salaries, plans to grow in FX
HSBC says it is facing pressure to raise salaries and invest in staff training as it bids to keep hold of key employees. Unfortunately, and predictably, this is largely for risk and compliance staff –...
View ArticleWhy it pays to make it to partner at a hedge fund
If you’re working for a hedge fund it pays to be in the partnership. Like the senior ranks in private equity firms, who get a slice of the truly lucrative carried interest, partners – or members – in...
View ArticleIntern diary: I’ve already decided that a wealth management job is too mundane
I’m spending this summer interning at the wealth management division of a large US investment bank. This is the third installment of a weekly intern diary This week, perhaps predictably, I’ve been...
View ArticleThe takeover deal set to generate more banking jobs in Asia
Big takeovers in the banking sector often lead to the loss of banking jobs. The recent US$4.95bn acquisition of Hong Kong’s Wing Hang Bank (WHB) by Singapore’s OCBC could be an exception – early...
View ArticleMorning Coffee: Goldman’s hedge fund purge, where one bank now employs over...
Prime brokerage may not be the most exciting area of investment banks’ business, but it’s one that has proved to be steadily profitable, bringing in $13bn last year, as revenues tumbled in more...
View ArticleThe new “bright spot” in investment banking recruitment
‘Richard’ had been working as a senior coverage banker in Dubai for over ten years, rising to managing director for a large US institution when the rug was suddenly pulled from under him. His employer...
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CFA or MBA: Which is best for a finance career?
Both an MBA and the Chartered Financial Analyst (CFA) qualification have the potential to advance your financial services careers. There are pros and cons to each, but can one really help propel you up...
View ArticleHedge fund ramps up pay by 21%, and it’s hiring
If you’re a trader in an investment bank looking at your (relatively) pitiful pay packet and pondering a switch into a hedge fund, consider Och-Ziff Capital Management. While banks clamp down on...
View ArticleRisk and compliance jobs in Singapore, Hong Kong, China and Australia: what...
Banks are struggling to find candidates for a wide range of risk and compliance jobs in Singapore, Hong Kong, China and Australia – their task not made any easier by a recent wave of compliance...
View ArticleMorning Coffee: Deutsche and Goldman to decide on high-living banker, how to...
Despite paying notoriously well, Goldman Sachs doesn’t like its employees to be flashy. Deutsche Bank’s co-head of investment banking Colin Fan has specifically warned against “vulgar” behaviour from...
View ArticleDo you want make it to the top in banking technology? This is what it takes
How important is technology to financial services companies? Well, Lloyd Blankfein, CEO, Goldman Sachs, recently stated publicly that he considers Goldman Sachs a technology company. What could be a...
View ArticleHiring spree causes big headcount rise in one department, but profits plunge...
Standard Chartered staff won’t take much pleasure perusing the firm’s half-year results, which were released today – but those in legal and compliance jobs have little to complain about. Income at the...
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University ranking: The top 25 colleges for breaking into asset management in...
Investment banks scour the campuses of the top universities in Europe for their front office graduate programmes, but can the same be said for the buy-side? Well, yes, according to a new ranking which...
View ArticleThe one skill every junior banker needs to become a somebody on Wall Street
After a quarter century as an executive search professional, I have come to realize that the most important factor in the success of a senior level professional is the degree to which he or she “owns”...
View ArticleSix up-and-coming skills that will help secure banking jobs in Singapore
Candidates searching for banking jobs in Singapore are best placed to get one if they work in a chronically talent-short sector like compliance or trade finance. There is, however, also growing demand...
View ArticleMorning Coffee: Small investment bank boosts pay by 41%, naïve bonus bankers’...
When big investment banks start to curb compensation, it’s worth considering alternatives. The smaller, independent firms have had a good first half. The latest such bank to report is Canaccord...
View ArticleCredit Suisse poaches senior female Goldman Sachs managing director
A 15-year veteran of Goldman Sachs, and one of the minority of women who makes it to managing director, has been poached by Credit Suisse to lead its European back office functions. Nicola Kane joined...
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Investment banking or asset management: which pays the most?
Asset management may be being touted as the place to work for financial professionals, the pay gap may be closing, but big bonuses are still the preserve of the investment banks. Throughout your...
View Article16 things to do this summer in the City, Wall Street and Asia when you’re not...
If you’re stuck in the office this summer, don’t envy you’re colleagues supposedly taking a break from the day-job. Investment bankers are notoriously still glued to their smartphones during vacations,...
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