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Deep disgruntlement in IBD at Deutsche Bank as layoffs begin
Following reports that Deutsche Bank is cracking down on its big spending investment bankers after they racked up a €22m travel bill (which seemingly involved the use of limousines) we understand...
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The watches that Wall Street bankers wear really
Wall Street professionals can be a bit snobby, and at the very least, they are highly attuned to class and status, whether consciously or not. Even if you’re in the midst of achieving an incredible...
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Morning Coffee: Only two species of banker will get bonuses this year. The...
Are you a star performer, not just in your own mind but in terms of achieving actual quantifiable results? Are you a millennial? If you work at UBS or many of its rivals, then you’d better fall into...
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Curious video emerges of ex-Goldman Sachs boss displaying his masculinity
Is it necessary to be manly to get ahead in banking? In theory, no. In reality, it may help. Following a study suggesting ageing hedge fund managers compete to achieve a “warrior physique” in order to...
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The banks whose bonus pools could yet be busted by a market meltdown
This clearly isn’t 2007. Nor, despite some similarities is it 1987 or 1998. By some measures it’s not even a real market correction at all. Even so, if you’re employed by a U.S. investment bank and...
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Goldman Sachs said to be interviewing heavily for Paris office as Brexit deal...
If Brexit seemed impending before, it’s suddenly looking even more so. After a week of ominous murmurings about the possibility (or not) of a transition deal, the EU’s chief Brexit negotiator Michel...
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Why one banking analyst says you should work for Moelis & Co.
An equities research analyst is bullish about Moelis & Co.’s prospects going forward, and not just because of its earnings results, but also due to the bank’s “strong and consistent headcount...
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A very senior sales trader left Deutsche Bank in New York
No sooner was it reported that Deutsche Bank is (surprise, surprise) making deeper than usual cuts this year, than we hear that one of its most senior New York sales traders, David Liberatore, has left...
View ArticleAustralian fund creates 30 new investment jobs. Here’s how to get one
Kristian Fok has been with superannuation fund Cbus for five years, but says the last 12 months have been the most “exciting and challenging” of his career there. Fok, the company’s Chief Investment...
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Morning Coffee: Hedge fund made millions on a long lunch break. Brian...
Traders at a little-known $350m Denver-based hedge fund placed a $200k bet that made them a laughingstock, but when many of their critics got crushed when the market collapsed, it was their turn to...
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One of Goldman’s most senior London strats just left the firm
Rodd Ramsay, one of the most senior strats in Goldman Sachs, has just left the investment bank after a stint of almost 15 years, latterly as an executive director. He had been with Goldman Sachs for...
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What it’s really like when you’re a junior trader and you get your bonus
I’m five years into a career on an electronic trading desk at a European bank and I’m about to get my bonus for last year. I’m hoping that it won’t be that bad: compensation is apparently being skewed...
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The worst part of every buy-side interview, and how to survive it
It’s that time of year again. Under-performing teams get blown out and disappointing analysts get let go to make room for new additions. Buy-side hiring season has begun! But interviewing on the...
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Regtech firm Sovos is aggressively hiring programmers
Sovos, a financial software and regulatory technology (regtech) firm headquartered in Wilmington, Massachusetts, has been expanding aggressively, both via acquisition and an ongoing hiring push. Sovos,...
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Top healthcare investment banker leaves Jefferies to start PE firm
After more than 22 years working on Wall Street, including nine years at Jefferies, Jon Santemma, a managing director and the bank’s global head of healthcare investment banking in New York, retired...
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Morning Coffee: The 38 year-old bankers with nowhere to go. Third group of...
If you’re entering banking in your 20s with a view to staying in the industry for at least two decades and working for multiple firms in the process, you might want to recalibrate your expectations....
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A junior rates trader quit Morgan Stanley for Point72
In theory, Point72 doesn’t think traders from banks are up to much. Jonathan Jones, head of investment talent development for the family office-turning hedge fund set up by trading “legend” Steve...
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Goldman Sachs hired a top U.S. sales trader from Deutsche Bank
Goldman Sach has brought onboard a top U.S. sales trader as it looks to strengthen its equities sales and trading business. Mark Hibbert, co-head of U.S. sales trading and the head of U.S. special...
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Lloyd Blankfein just confirmed Goldman Sachs’ hiring priorities for 2018
Goldman Sachs is hiring. As Goldman co-COO Harvey Schwartz set out last October, the firm has a strategy for rebuilding its under-performing sales and trading businesses and earning an additional...
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How to nail the ‘walk me through your resume’ interview question
You know it’s probably coming. In 90% of job interviews, the hiring manager or HR executive will say, “Why don’t you walk me through your resume?” as an ice-breaker. It gives the interviewer an...
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