Morning Coffee: Relax, London banking jobs are fine! The problem with ‘bro...
It’s OK, relax, we’ve got this. After unrelenting coverage that one of Dublin, Paris or Frankfurt will displace London as Europe’s leading financial centre sinceEU referendum, the City’s investment...
View ArticleCredit Suisse director moves into a tech start-up
A female director in Credit Suisse’s equity team has departed for a London-based tech firm after more than 12 years in investment banking. Lina Balteanu, who was a director in Credit Suisse’s equity...
View ArticleThe queue to get into private equity just got longer
When, in the early hours of 24 June, it became evident that the Leave campaign was about to edge the Brexit vote, investment bankers in the City started considering their options. “We had CVs sent...
View ArticleMeet the army of bank lobbyists fighting to keep your job in London
Heard of the ‘government relations team’ in your bank? No? Maybe now’s the time to familiarize yourself: these are the people at the forefront of banks’ attempts to mitigate damage from Britain leaving...
View Article28% of ALL front office investment banking headcount is in London. Does it...
How many jobs could leave London if the UK fails to secure passporting rights or the free movement of labour after Brexit? 50,000? 80,000? Actually, when it comes to traders, sales staff and advisory...
View ArticleThe City of London in 2030: a dark and deviant vision
The view from the hourly DUB/FRA Banker Shuttle is kind of cloudy as the bankers swerve to avoid English airspace. “Been there?” asks the Spaniard, peering into the gloom. “Sure – I’m on a stag night...
View ArticleWhy stressed-out financial services professionals need to start running
The financial services industry is challenging and stressful – I know, because I’m a risk and compliance officer for a life insurance company. As financial services professionals, we help people...
View ArticleMorning Coffee: Banking post-Brexit – work harder than ever, earn a lot less....
The true nature of the hollow in which the investment banking industry finds itself after the Brexit vote is starting to become apparent and it’s not especially comfortable. The declivity is one in...
View ArticleExane just poached 28 year-old equity sales trader from RBC
Do not despair: a bank is hiring. Exane BNP Paribas is continuing it’s very (very) slow accretion of staff in London with the addition of a junior sales trader from HSBC and a trader from Morgan...
View ArticleSpeaking as a French banker in Hong Kong, Europe is stuffed
As a Frenchman who spent nearly three decades in equity solutions, who’s worked in London, Paris and Hong Kong, for J.P. Morgan and UBS (among others), I like to think I have a global perspective. And...
View Article6 new buy-side firms hiring irrespective of Brexit
In the build up to the Brexit vote, new hedge fund, private equity firms and other small finance firms were in the process of getting off the ground. These are the top new London companies to launch in...
View Article“I’m an American who started a fintech firm in London. I have no plans to...
There are a few factors that have fuelled London’s rise as a centre for fintech startups, not least of which are the UK government’s favourable regulatory regime and the free movement of talent from...
View ArticleSix things Theresa May means for the City of London
As of this morning, Britain is one step closer to having a new prime minister, and that prime minister will almost certainly be former Conservative home secretary Theresa May. Unless, of course,...
View ArticleThe top 15 fixed income traders at Goldman Sachs in London
Things are changing at Goldman Sachs. It’s a ‘partner year:’ in less than six months time around 80 people will be promoted to Goldman’s top rank. In the meantime, existing partners are retiring, or...
View ArticleMorning Coffee: Goldman Sachs and UBS just ramped up the cost cutting. The...
As banking analysts cut their predictions for banking profits and therefore banking bonuses in the wake of the UK referendum, banks are busy cutting costs. UBS and Goldman Sachs are the latest to...
View ArticleMoving investment banking staff out of the City could cost £804m ($1bn)
Large investment banks in London could end up spending £804m ($1bn) collectively just to move 20% of their employees out of the City into another European financial centre. It costs an average of £50k...
View ArticleUBS and HSBC ride rates surge with new hires
UBS and HSBC have both made senior hires to their European rates desks in recent weeks. UBS recruited Manjeet Gill, a former vice president in euro government bond trading from Deutsche Bank....
View ArticleDos and don’ts for asking people to serve as a reference
While it’s true that potential employers typically only check your references if you’re among the final round of candidates for the job, don’t go through the motions, because the quality of the...
View ArticleSafest £100k job in finance attracts 70 students per position
Which £100k finance-related jobs are the safest in the City of London now? Discounting UBS, which says it’s stopped firing people from its investment bank, they’re almost certainly at the regulator....
View Article“I survived every crisis on the trading floor for the last 15 years. Here’s...
I was two weeks into my City career when 9/11 hit. One week later, I sat down with my new boss in Telecoms M&A who told me he was firing the whole team that day and leaving himself the next. It...
View Article