How Goldman Sachs, Morgan Stanley and others will keep paying-up in Europe
If you work for a U.S, investment bank in Europe, it’s becoming clear that the European Union’s bonus cap is not going to make much difference to your overall pay. To recap, the CRD IV bonus cap works...
View ArticleWeighing up whether to join SocGen’s growing fixed income business
The Financial Times reports that SocGen is hiring for its U.S. and Asian fixed income businesses. It wants to recruit for credit in Europe and for rates and currencies in Asia and the U.S. This sounds...
View ArticleGoldman’s head of EuroGovernments bond trading thought to quit for high...
Nick Bhuta, head of EuroGovernments bond Trading at Goldman Sachs is said to have left the bank. Headhunters say Bhuta is joining hedge fund Tudor Capital. Bhuta’s move has not been confirmed by...
View ArticleBanks draft in generalist interns to help manage the workload
Rotation programmes for interns and graduate employees have become popular again in Australian banks since the global financial crisis, with the four major domestic retail institutions offering...
View ArticleDaily Dispatches – Five things that would make Singaporean workers happier
Following recent reports that ranked Singaporean workers among the most unhappy in the world, the Wall Street Journal spoke to employers to find out what they could do to improve the lot of their...
View ArticleMorning Coffee: Bank of America increases salaries. Clients take sadistic...
Most banks are opting for ‘role based allowances’ to sidestep the EU bonus cap. Bank of America Merrill Lynch, however, has decided to increase salaries and offer allowances. Sky News reported...
View ArticleUBS first to increase pay, and other learnings from the Swiss bank’s results
UBS has reported its fourth quarter results. They are here and if you’re an investment banker, they look good: UBS dramatically increased profits in its investment bank in 2013 versus 2012 and has...
View ArticleFront office hiring surging as banks interview ahead of expected bonus...
There’s been a seasonal upturn in banks’ hiring plans for front office jobs in sales, trading and M&A. Recruiters say the pace of interviewing has picked up dramatically in the past few weeks....
View ArticleNew sovereign wealth fund starts hiring
The Nigerian Sovereign Investment Authority (NSIA), the country’s $1bn SWF that started investing in June last year, is hiring. After setting up the executive team last year, the fund is starting to...
View ArticleMeet the new SAC Capital, or whatever it will be called
We knew it was coming, we just didn’t know when and in what form. SAC Capital Advisors will soon turn from one of the most successful hedge funds of all time to a shrunken-down family office that...
View ArticleBarclays is losing senior fixed income sales staff three days before bonuses
As a possible part of the 400 redundancies reported at Barclays last week, we understand that the U.K. bank has parted company with some of its longest serving London-based sales staff. Andrea...
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Can you conquer the hardest strategy questions asked in finance interviews?
An argument can be made that the hardest interview questions in all of financial services are asked by top consulting firms. They require intense preparation but also the ability to think on your feet...
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Despite bonus decimation, Barclays’ rates traders have just given huge...
Barclays’ bonuses are due to be announced this Friday. They are unlikely to be particularly generous: the British bank is being urged to cut costs and chief executive Antony Jenkins has agreed to...
View ArticleGlut of Australian accounting graduates means they need to look to Asia,...
Students from Asia are returning in droves to Australian universities, making the country one of the most popular destinations for undergraduates from China and India and providing billions of dollars...
View ArticleDaily Dispatches – M&A activity to pick up in Southeast Asia in 2014
Singapore’s Business Times reports that M&A activity in the region is set to grow this year, if the political fabric of some countries such as Thailand remains intact. “We’re fairly positive on the...
View ArticleMorning Coffee: Why another big round of banking job cuts could be coming...
If you work for Barclays or RBS, you might be a little fearful that your job will disappear in the months to come. If you work elsewhere, you might be feeling more sanguine. That sanguineness could be...
View ArticleJunior banking jobs in UK locations you probably haven’t thought of
Students considering a banking job in the UK inevitably think of the City of London, but in an era of cost-cutting, most jobs outside of the front office are being shipped off to cheaper locations with...
View ArticleWhere 3,600 new finance jobs have been created in the last two years
Moving to a role in Dubai hasn’t always been the safest option in recent years, with a lot of international banks scaling back in the region, but the largest international financial centre in the...
View ArticleWhen accountants get duped into becoming ‘bankers,’ or not
Banks are hiring accountants again. It’s all happening according to recruiters, who claim that banks are once again scouring the newly qualified ranks at the Big Four for people who might be able to...
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Two charts from Deutsche Bank illustrating two reasons to work for UBS
Yesterday was UBS’s results day. The Swiss bank did very well. It increased profits by 760% in the core investment bank (although compensated for this by making some big losses in the legacy investment...
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