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Swiss bank in London loses in equities ahead of MiFID, Brexit
Mirabaud Securities, the brokerage and corporate finance arm of Swiss bank Mirabaud has lost staff from its London equities business. Will Draper and Andrew Hogley have left. Draper was Mirabaud’s head...
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You’re a 20-something in research. Bad luck
‘Juniorisation’ is a fact of life in investment banks’ markets divisions. Experienced traders and salesmen are being shipped out in favour of inexpensive juniors as banks continue to look for...
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Credit risk hiring and pay are on the upswing on Wall Street
Credit risk management roles are particularly stressful positions, and often lead to the feeling of disempowerment to boot. However, if you have the temperament to survive and thrive in such an...
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Morning Coffee: 24-year-old bankers on $280k find new way of socializing....
It’s not always easy being a young person working in the investment banking division (IBD) of a major bank. Not only are there the long and erratic hours to contend with, there’s also the pay...
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Millennium Capital has raided the ranks of BTG Pactual in London
BTG Pactual has been making some big cuts in its London operation. Millennium Capital Management, which has never been shy to take advantage of financial services firms ejecting talent, has swooped on...
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RBC’s new deputy head of research is also a bar manager
As a rule of thumb, you can be out of the market for six months before your finance career shrivels and dies and you’re relegated to a life of mentoring millennials whilst trading in your underpants....
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Goldman Sachs, Bain & Co. or Google? Take the test
If you’re an academic high achiever with aspirations to work for a world-leading firm of the sort that hires exceptional people, you’ve probably considered the tripartite of finance careers, consulting...
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Managing directors are leaving BlackRock in the U.S and UK
Earlier this year, BlackRock announced plans to cut 400 people – or around 3% of its total headcount. Yes, this is a tiny proportion compared to layoffs in investment banking, but a number of...
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Why this brother and sister quit their jobs to run a cannabis hedge fund
Emily and Morgan Paxhia’s respective career paths started off in vastly different areas, but they ended up intertwining, as the siblings decided to leave their jobs to launch a firm focused on legal...
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These ex-traders are trying to drag bond markets into the digital age
Plenty of people have left the trading floors of sell-side and buy-side firms to join or launch a financial technology startup, but in many cases fintech firms are focused on asset allocation, personal...
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What’s a tier 1, tier 2 and tier 3 investment bank now?
Once upon a time, people used to talk about “bulge bracket investment banks,” a term that loosely meant top US banks like Goldman Sachs, J.P. Morgan and (then) Merrill Lynch. The bulge bracket passed...
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Morning Coffee: J.P. Morgan’s employee love-in. Will IPOs ever recover?
If you work at J.P. Morgan, then you should know that chairman and CEO Jamie Dimon and Daniel Pinto, who heads corporate and investment banking (CIB) division, appreciate you and all that you do for...
View Article25 questions to ask at contemporary banking interviews, by J.P. Morgan
As we reported earlier this week, banks are still doing a lot of interviewing, they’re just not doing a huge amount of hiring on the back of those interviews. So, how can you impress banking...
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The top 35 MBAs for getting a job in investment banking
It’s no secret that the love affair between MBAs and investment banks is on rocky grounds. There’s a debate about who dumped who, but fewer MBAs are choosing to go into investment banking and...
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Are J.P. Morgan’s junior bankers happier than Goldman Sachs’?
J.P. Morgan and Goldman Sachs have much in common. Both are indisputably tier one investment banks. Both attract interest from impressively credentialled students. Both have made efforts to improve the...
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Morning Coffee: Hundreds of thousands of London banking jobs could go. The...
If you work in the City of London, or indeed hold a finance job in the UK, news emerging this weekend is likely to be keeping you up at night. Firstly, there’s the prospect of the UK losing the right...
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These senior investment bankers have just quit for industry jobs
Senior bankers and equity researchers in both London and New York are still leaving the industry to take up supposedly more secure roles in industry. One example is James Collins, who until earlier...
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Goldman Sachs is hiring someone in Warsaw to help cut jobs in London
Headcount at Goldman Sachs International – Goldman Sachs’ London-based business – has never been higher. Thanks to Brexit and offshoring, this may yet change. The firm is currently looking for someone...
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“Investment banking has been slowly dying since 2008. Pay has to shrink”
Investment banking as we know it is slowly dying. The combination of very low interest rates and an onslaught of regulations has killed the traditional model that worked so well until 2008. EU...
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Credit Suisse London bankers braced for new round of redundancies
Another round of redundancies is said to be on its way at Credit Suisse. Senior headhunters say staff at Credit Suisse’s London investment bank are being informed this week – possibly today – about a...
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