Your escape route to avoid year-end banking layoffs in Singapore and Hong Kong
Are you an Asian investment banker currently fretting about looming year-end layoffs as your firm formulates its headcount plans for 2015? Want to make a pre-emptive move? One common route out of the...
View ArticleMorning Coffee: JPMorgan, Credit Suisse, Citi, Barclays all say things are...
There is light at the end of the tunnel – particularly if you work in banks’ struggling fixed income trading businesses. This is the week of Barclays’ Financial Services Conference, and the banks...
View ArticleDamien Hirst-collecting bond trader has left UBS
It’s the late-1980s and the appearance of the sort of bumper bonuses that became commonplace in the noughties are just starting to come into fruition. How do you spend your annual payout? Keep the...
View ArticleSantander’s been silently sucking up fixed income traders from other banks
Santander is mourning the death last night of Emilio Botín, the Spanish patriarch who made the bank what it is today. Emilio’s daughter and CEO of the UK business, Ana Patricia, is expected to replace...
View ArticleHow to get an entry level job in debt capital markets
If a company wants to expand, but doesn’t want to sacrifice private-ownership, it’s more likely that they’ll turn to debt capital markets (DCM), over issuing equity, in order to finance it. DCM teams...
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JPMorgan suggests these front office banking jobs are best for 2015
With three and a half months left of 2014, which banking jobs should you be positioning yourself for next year? JPMorgan’s banking analysts have just issued a new research note with some hints and...
View ArticlePimco’s new growth plans have nothing to do with bonds
Bill Gross’s long-running and once highly-celebrated Pimco Total Return Fund has suffered net redemptions for 15 consecutive months, due mainly to a poor performing bond market and some turmoil within...
View ArticleThe best bargain for a top undergraduate finance degree
If you want to work on Wall Street, go to the University of Pennsylvania – whether for your graduate or post-graduate degree, it appears to offer the shortest avenue to a top banking job. In March,...
View Article11 tips for getting recruiters to find you a banking job in Singapore or Hong...
If you’re looking for a banking job in Singapore or Hong Kong you may well be asking recruitment agencies in those cities to help you in your search. You may also be aware that recruiters don’t hold...
View ArticleMorning Coffee: A £500k job that will ‘destroy’ you. BofA cutting...
How much would you tolerate in return for half a million pounds ($810k) a year? If you work for BCG Partners, the inter-dealer broking firm, you might have to put up with a bit. Bloomberg reports that...
View ArticleCiti hedge fund veterans go it alone
The former head of sales and capital introduction for Citigroup’s European prime finance division, Paul Harvey, has just received regulatory approval to launch his own hedge fund product, along with...
View ArticleThe current state of salaries, bank by bank
Last time we looked at the state of salaries in investment banks, it was 2010 (hence the ancient comments at the bottom of this article, which is an updated version of that piece.) Back then, the...
View ArticleBig bank cuts traders despite improving market conditions
Bank of America apparently didn’t get the memo that trading revenues have been improving during the third quarter. BofA said goodbye to two high-ranking trading executives this week and is said to be...
View ArticleSenior FIG banker leaves Standard Chartered after four months, joins Lloyds
At the top of the tree in investment banking, people moves are glacial affairs – six-month notice periods, gardening leave and, increasingly, “puritanism and risk aversion” delaying the hiring process....
View ArticleCompliance jobs in banks: High pressure, high reward
While many professions today are not much different from what they were ten years ago, the role of the compliance professional in banking can certainly be said to have undergone more change in recent...
View ArticleBarclays is letting go of 45 people a day. But who are they exactly?
To talk to fixed income recruiters in London, you’d think Barclays investment bank was in the middle of a bloodbath. “It’s awful there,” says one. “Whole swathes of people are being cut. 20 at a time,...
View ArticleThe newly hot accounting job in Singapore and Hong Kong
If you work at the Big Four and are looking for a new accounting job in Singapore or Hong Kong, now may be a good time to consider a move to the banking sector. Banks in Asia are scrambling to fill...
View ArticleMorning Coffee: Bizarre career change for banker at Citi. Scottish...
Fixed income traders fearful for their futures now have a whole new career path open to them: they can move into equities. A senior credit trader at Citigroup has shown the way. Financial News reports...
View ArticleMischievous banker who retired at 43 is at heart of Scottish independence debate
Remember Noble Group? At its prime, the Scottish-based investment banking and fund management firm employed 150 people, 50 of whom worked in its office in Edinburgh. But in 2010, Noble Group was sold...
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The best paying hedge funds in the UK
Hedge fund bonuses, once stereotypically viewed as the fast-track to the Sunday Times Rich List, are said to have have tumbled by 94% to a mere £85k average this year. Not enough to start pulses racing...
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