Meet the junior bankers quitting banks like BAML for boutiques
Big banks are trimming their analyst and associate classes in investment banking – so say London’s investment banking recruiters. Simultaneously, we hear that London’s top M&A boutiques are hiring....
View ArticleOperational risk jobs have Basel IV to thank for big pay rises
While banks bemoan the impact of Basel IV on their bottom lines, anyone occupying an operational risk job has risen to be thankful for the new regulations. Operational risk managers have benefited from...
View ArticleWant to work for Deutsche’s ex-top bankers on the buy-side?
If you’re a managing director at Deutsche Bank now, you might be feeling a little trapped. Don’t be. Cast your eyes across to Deutsche’s former global head of rates, to its former global head of...
View ArticleFive reasons quantum computing is the future for traders
Quantum computers are the wave of the future in trading and investment management, and savvy bankers and quantitative hedge fund professionals are already using them to solve some of the hardest...
View ArticleMorning Coffee: Why banks don’t hand power to their precocious 26 year-olds....
If you’re frustrated with your speed of progression through the ranks of an investment bank and you think you’d rather work for a technology firm where the hierarchy’s less rigid, there’s less...
View ArticleChanges at the top of Barclays investment bank technology team
Call it new chief information officer Mark Ashton-Rigby making his mark at Barclays after joining in August, or call it a case of Barclays’ continued cutting of senior figures in its investment bank....
View ArticleThis is what it takes to get hired as a junior by Point72 Asset Management in...
Point72 Asset Management has acknowledged that there’s a huge shortage of talent in the hedge fund industry right now, but this doesn’t mean it’s easy to get through the door. The family office...
View ArticleAs Morgan Stanley, VTB and Citi make Brexit threats, boutiques are building...
The sky might not be falling in on the City of London immediately, but the fissures are starting to make themselves felt. Citi, Morgan Stanley and Russian bank VTB each made distinctive noises about...
View ArticleSenior Barclays investment bankers resurface at new gigs in the U.S.
Due to a range of factors, including the perceived need to cut costs and Brexit anxieties, Barclays isn’t doing much hiring these days. It’s also no surprise to see senior bankers depart for...
View ArticleMorning Coffee: Deutsche Bank is hiring and convincing bankers to stay....
Deutsche Bank is not yet rolling out large job cuts in its investment bank, but both junior and senior staff are leaving anyway. Understandably, Alasdair Warren, head of corporate and investment...
View ArticleHow to keep your job through the 2020 financial crisis
As someone who worked in banking for 17 years and rose to become a managing director, I’ve seen a lot of change. If you’re working in financial services now you need to remember this: business and...
View ArticleHFT posts $1.5m loss, still pays $260k per head
High frequency trading firms don’t follow the same rules as investment banks when it comes to hiring and pay. Some have reported a drop in profits for 2015 – the latest available figures for HFTs in...
View Article13 factors to think through before you accept a job offer
If you’ve secured a job offer after an exhaustive application experience, it’s tempting to accept immediately. But you should take a deep breath and carefully weigh whether it’s the right decision for...
View ArticleLook before you leap: Should you really ditch investment banking for private...
Junior investment bankers in IBD are gaming their careers these days and, for most, it’s a simple track. Spend a couple of years at a bulge bracket bank, clock the hours, acquire the skills and then...
View ArticleJ.P. Morgan has just hired a senior BAML banker for a private equity role
J.P. Morgan has just made a big hire for its infrastructure investment fund. John Lynch, who most recently worked at Bank of America Merrill Lynch, has just joined as a managing director. Lynch worked...
View ArticleMorning Coffee: Steve Cohen’s audacious bid to lure top traders. Banks are...
Point72 Asset Management, the family office managing hedge fund guru Steve Cohen’s money would like you to know that it’s not a hedge fund. It would also like you to know that, should you come to work...
View ArticleBoutique investment bank Hannam & Partners has been hiring
It’s not just junior investment bankers who are departing major players to join boutique advisory firms. Hannam & Partners, the boutique set up by former J.P. Morgan rainmaker Ian Hannam, has been...
View ArticleSeven ways to create the perfect investment banking pitchbook
If you’re a junior in M&A, pitchbooks are not just the bane of your life – they are your life. For all the talk of steep learning curves and increased responsibility, analysts and associates in...
View ArticleWells Fargo has been quietly adding senior investment bankers in the U.S.
Wells Fargo CEO John Stumpf has resigned over the retail accounts scandal to be replaced by Tim Sloan, who – as well as being president and COO – also oversaw its wholesale division. And amid the...
View ArticleMorning Coffee: These hot tiny trading firms hire from Silicon Valley, not...
XTX Markets is one of the fastest-growing trading firms in the world, but it doesn’t have any human traders. Instead, it is hiring mathematicians and programmers to write trading algorithms and trading...
View Article