Big banks losing dominance in key area of fixed income
Corporate bond underwriting is one of the few flourishing businesses in fixed income. The only problem for big banks is that, unlike in years past, bond underwriting is no longer their own personal...
View ArticleJournalist stumbles upon thing investment banking jobs are really great for now
The purpose of investment banking jobs is changing. Once, they were all about earning large amounts of money in small amounts of time. Now, they’re partly about getting the right brands on your CV and...
View ArticleUK hedge funds step up hiring; boutiques winning poaching war
In the latest hiring roundup, a London hedge fund eyes global expansion, boutiques are poaching from big banks and one regulator needs to hire hundreds. Calpers needs a CIO It’s only one opening, but...
View ArticleDBS MD explains how to build a successful career in a booming part of Asian...
Transaction banking is a hot sector in Singapore and across Asia. It’s generating jobs as banks in the region chase steady income streams from globalising Asian companies and try to reduce their...
View ArticleMorning Coffee: The hottest boutique not in town. Deep in the mind of the...
It’s happening. Paul Taubman, the former-Morgan Stanley rainmaker who left the bank in 2012 and has since advised on some of the biggest deals on the market despite operating entirely on his own from a...
View ArticleFormer Deutsche investment banking vice-chair joins KKR two years after...
The former vice chairman of Deutsche Bank’s financial sponsors group, who retired from the firm in 2012 after nearly 20 years, has joined the capital markets division of private equity firm KKR. Sekhar...
View ArticleYoung Blankfein complained ‘for hours and hours’ about workload
Fear not, young banker. Decades ago, Goldman Sachs Chief Executive Lloyd Blankfein was in the same seat you are, and he was absolutely terrified. At least that’s what he wants us to believe. Speaking...
View ArticleAre rates traders about to stage a comeback?
Pity the poor rates trader. According to report today from Morgan Stanley, volumes in FX and rates trading businesses are already at seven-year lows and are approaching 25-year lows. Unprecedentedly...
View ArticleBanking CV clichés you must definitely avoid, by job function
While most financial services professionals must now surely be savvy enough to avoid generic CV clichés like “entrepreneurial”, “innovative team-player” or “dynamic problem-solver”, there’s a chance...
View ArticleBarclays’ U.S. bankers’ ‘unbelievably’ ready to help get rid of...
Barclays is cutting heads. Last month, the bank promised to get rid of 7,000 people from its investment bank in the next 24 months. This week, those cuts have reportedly begun. You might think the...
View ArticleMorning Coffee: Goldman adding bankers who work for nothing. Fund managers...
Goldman Sachs is bolstering its M&A practice in Asia. The firm is relocating Christos Tomaras, head its European private equity M&A practice, from London to Hong Kong team. It’s shunting...
View ArticleSuddenly, there’s demand for people who’ve been out of the market since 2008
Six years is a long time to be twiddling your thumbs. When you’ve been out of the market for that long, you might think the time has come for a complete change of career. Right now, however, we’re...
View ArticleJoanna Lumley’s lessons for the ladies of Deutsche Bank
When you’re casting around for a role model for female bankers, Joanna Lumley is not the obvious choice. Firstly, she’s never worked in a bank. Secondly, she’s conceptually inseparable from the louche...
View ArticleThe average hedge funder likely made a lot more than you last year
There are plenty of good reasons to want to work for a hedge fund. It’s exciting, the hours aren’t as brutal as they are on the sell-side and the job comes with a host of sweet perks. Of course none of...
View ArticleFrom hedge fund trader, to David Beckham’s rival, to interior design
Until 2012, Alessandro Butini was Chris Hohn’s right-hand man at the Children’s Investment Fund Management as a partner and senior trader generating ideas and “trading colours” for the founding partner...
View ArticleConnecticut businesses putting banking days behind them
Once deemed Royal Bank of Scotland’s ‘Shining Star‘, the firm’s U.S. headquarters in Stamford, Connecticut, home to one of the world’s largest trading floors, will soon look more like a black hole....
View ArticleHow desperate must you be to accept a job in a bank’s ‘non-core’ unit?
These days, a bank is not often a bank unless it has a non-core unit of assets it wants to wind down. What started as a localized phenomenon at banks like RBS and Citi has spread to UBS, Deutsche and...
View ArticleWhy back-office Barclays staff in Singapore are already busy calling recruiters
As Barclays starts its high-profile purge of investment banking jobs, spare a thought for the firm’s support staff in Singapore, whose roles are also being cut and who are already calling recruiters to...
View ArticleMorning Coffee: Deutsche discloses troubles in trading. Blankfein answers...
If you’re a believer in Anshu Jain, you’ll be of the opinion that any troubles Deutsche Bank has with its trading business are mere pimples on the contours of success. Last week, Deutsche gave an...
View ArticleRise of the quants at Goldman Sachs
In investment banking technology, the suits rule. With IT budgets running into hundreds of millions, how technology will impact the bottom line is an executive concern and the core developers and...
View Article