Clik here to view.
As Morgan Stanley profits collapse, Gorman cautions against joining European...
Maybe Goldman Sachs didn’t do so badly after all? A day after Goldman reported a 50% year-on-year drop in fixed income trading revenues in the fourth quarter, Morgan Stanley’s just done much the same...
View ArticleClik here to view.
The rise of outsourced trading: a blessing or a curse for traders?
Outsourced trading has been around since the early 1990s, but since that time it’s grown significantly. More small-to-mid-sized asset management firms are looking to “right-size” their business, that...
View ArticleClik here to view.
How to get a new Wall Street job when the last one went badly
So you made a mistake or breached protocol and your previous Wall Street employer considers you a bad leaver. If there’s bad blood between you, then you’re unlikely to get a good reference and find a...
View ArticleClik here to view.
This ex-J.P. Morgan trader quietly left Tudor Capital in Europe
Last time we looked at Tudor Capital’s operation in Europe, it had been hiring and the London office seemed to have escaped promised redundancies after persistent investor withdrawals. Six months on,...
View ArticleClik here to view.
Shock in Singapore as back-office salaries surge by up to 34%
After years in the doldrums, pay for back-office banking staff in Singapore is on the up again – and the increases are unexpectedly high. We looked through the new Singapore salary survey from...
View ArticleClik here to view.
Morning Coffee: Hear about the big pay raises at J.P. Morgan? Goldman CFO...
J.P. Morgan posted a record adjusted profit of $26.5bn for 2017, and the bank is rewarding its top executives with hefty pay raises. CEO Jamie Dimon got $29.5m in total compensation, up 5.4% from 2016,...
View ArticleClik here to view.
Senior FX salesman who left for fintech comes back to a smaller job in banking
Remember Chris De Sibert? He’s the former managing director and head of foreign exchange and commodities sales to banks in Europe, the Middle East and Africa at HSBC, who joined R5FX, a currency...
View ArticleClik here to view.
An ex-HSBC MD who joined the buy-side has come back to banking
It’s a day for career reversals, particularly if you used to work at HSBC. Nick Tranter, the former head of global head of equities client management at HSBC, who joined investment firm Gordian Knot in...
View ArticleClik here to view.
The quickest routes to £100k in the ‘easiest’ jobs in banking
If you’re working in banking, £100k ($140k) may not seem like much. After all, last year’s salary and bonus survey by London recruitment firm Dartmouth Partners, said juniors in investment banking...
View ArticleClik here to view.
How to get into banking with no experience, by an ex-analyst at Morgan Stanley
Many students want to break into investment banking, but have no finance experience and come from non-target schools. They often ask, “How do I get a finance job when they all require prior experience...
View ArticleClik here to view.
U.S. banks’ results bode badly for Deutsche Bank bonuses
Deutsche Bank has a problem. Although the German bank continues to insist that it will pay “normal” bonuses this year, it cannot afford to do so. U.S. investment banks’ fourth quarter results,...
View ArticleClik here to view.
“Working flexibly won’t hinder your career at ANZ in Asia,” say senior staff
In late 2016 Lee Davidson made a major move to advance his career: he joined ANZ in Hong Kong as North Asia Financial Controller. But it wasn’t just taking up the challenge of a senior regional role...
View ArticleClik here to view.
Morning Coffee: When 38-year-old managing directors abuse 20-something...
Wall Street has long been dominated by men, but while a wave of sexual harassment allegations has swept across news organizations, Hollywood, Silicon Valley and Washington, the financial services...
View ArticleClik here to view.
BNP Paribas makes first big European hire of 2018
BNP Paribas has made this year’s first senior hire in the UK by bringing in Jonathan Chekroun as a director. Chekroun, who comes with 12 years of experience, specializes in cross-asset structured...
View ArticleClik here to view.
UBS has plans for its investment bank after a dreadful quarter
Around this time last year, Andrea Orcel, chief executive of UBS’s investment bank, was talking about hiring. In an interview with Business Insider, he said the Swiss bank planned to add tens of...
View ArticleClik here to view.
Deutsche Bank is delaying its bonuses (again)
Once upon a time, Deutsche Bank announced bonuses for its investment bank around Valentine’s Day. In 2016, it delayed announcing them until March. In 2017 it delayed announcing them until March too....
View ArticleClik here to view.
You’re probably not good enough to move to the buy-side
When you’re an associate on the sell-side, your #1 goal is to get to the buy-side. Anybody who says otherwise is a liar. Now, when you’re sitting there in a bank, the transition seems straightforward....
View ArticleClik here to view.
How I used a bootcamp to get a data job in finance
For those who want to work as a data scientist at a financial services firm, there are many career opportunities, and there are various paths to success that you can take. Getting an internship or...
View ArticleClik here to view.
Goldman Sachs is coming down hard on its under-performing MDs
After multiple quarters of poor results, it seems that Goldman Sachs has had enough. Co-head of securities Pablo Salame said last April that he was “tired of losing” and urged his team to be more...
View ArticleClik here to view.
Morning Coffee: Middle-aged private equity executive bemoans exhausting...
Aged 58, Guy Hands, founder of private equity firm, Terra Firma is tired. No longer in the first flush of post-punk youth, his cherubic blond hair has turned white and life as a Guernsey-based tax...
View Article