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Natwest markets just rehired an RBS high yield sales veteran (again)
Remember Richard Gathercole? If you’ve spent any time in the London high yield market, you really should. Gathercole (who’s LinkedIn profile photo is Auric Goldfinger from the eponymous Bond film) has...
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The hiring process at banks could soon become a nightmare
Getting a job at a bulge-bracket bank is already a battle of wills. You’ll need the proper network, resume and people skills to earn an offer, after which you’ll have to dance through red tape from HR,...
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Morning Coffee: Proof Goldman hires the best students, even if they’re not...
You need to be academically excellent to get into Goldman Sachs. Whenever we’ve looked at the sorts of students who make it through Goldman‘s recruitment process they seem to have both exceptional...
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Goldman Sachs hired Barclays’ head of rates trading as an MD level strat
Goldman Sachs is all about strats. Current CEO Lloyd Blankfein underscored the bank’s emphasis on quantitative strategists or “strats” in a presentation in February. Soon-to-be CEO David Solomon spoke...
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Want a huge salary in financial services? Work at this regulator
Getting paid well in finance can often come down to timing. Bonuses and deferred compensation are weighted heavily and often vary significantly over long stretches due to factors unrelated to personal...
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MiFID II saved me from a life of drunken debauchery
Thank goodness for MiFID II. The new regulations may be causing problems for some salespeople who can no longer persuade potential clients to even pick up the phone for fear of being charged, but...
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It’s a bad year to work in emerging markets as Nomura lays off traders
First Deutsche Bank. And now Nomura. 2018 isn’t turning out to be a good year to work on an emerging markets desk. Following the exit of David Ishoo, whom Nomura hired from Goldman Sachs in March 2017...
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Bank of America loses senior quant to bigger role at TD Securities
Bank of America has lost its head of rates analytics to TD Securities. Andrew Gunstensen was hired by the Canadian investment bank as its global head of FICC quantitative modeling and analytics. He’s...
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Disgruntlement at Barclays as old guard said to resent influx of new staff
Barclays has been doing a lot of hiring. So far this year, the UK bank has added at least nine managing directors to its investment banking division in Europe, the Middle East and Africa. Last year, it...
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Morning Coffee: Nomura’s latest expansion goes into reverse with mass...
“Here For A Good Time, Not For A Long Time”. The recent announcement that 50 posts at Nomura have been put at risk should remind us that the old T-shirt slogan can apply to markets jobs as well as to...
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The new hot profile in London banking: anyone who’s willing to do this
The word is starting to go out. As March 2019 draws nearer and there’s still no clarity on the likely Brexit deal or on the extension of the transition period, banks are starting to review their...
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BNP Paribas lost one of its top emerging markets salespeople
Another day, another big move in emerging markets. As strategists at Bank of America warn of the potential for a correction as investors withdraw money that poured into emerging markets over the past...
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“Technologists in banks are lazy. They should be paid less, not more”
I’m in the wrong job. As a sales-trader in a bank I’m continuously told that my skills are on the way out. No one wants a human to read the markets any more. Everyone wants technologists – for some...
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Morning Coffee: The art of making millions when you work in M&A. Ongoing...
Some M&A bankers are having a busy 2018. In Europe, the Middle East and Africa, the value of M&A deals was up 50% on 2017 in the first half of the year, helped along by big deals like Bayer’s...
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Credit Suisse lost a top quant, a year after giving him a big promotion
Promotions don’t seem to count for as much as they used to in investment banks. Managing directors promoted last November have been leaving Goldman Sachs, and now one of Credit Suisse’s top equity...
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The highest paying internships at investment banks in New York and London
Facing stiff competition from thriving tech companies, many investment banks have had to open up their purse strings to land top-level interns. This is particularly true in the U.S., where Silicon...
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“Central risk desks are getting out of control”
So you thought banks had stopped prop trading after the Volcker Rule? You were wrong. Big banks can always find away around regulation and for the moment – even while the Volcker Rule is being weakened...
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Two senior equities traders exit SocGen in New York
Two longtime Société Générale traders have left the bank. Olivier Blaise, SocGen’s head of volatility trading stocks and ETFs, and Benjamin Messas, head of exotic equity trading in the Americas, each...
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Ex-Barclays trader just got a big promotion at Morgan Stanley
Remember Alok Modi? He’s the Barclays trader who cunningly quit the British bank for Morgan Stanley in late 2013, just before Barclays began trimming its fixed income trading business. He’s just...
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Crazy intern hours at Goldman? Actually, I left by 9pm and never worked weekends
Internships are now in full swing, so let me tell you about my stint as a summer analyst at Goldman Sachs in Singapore back in 2017. You may want to draw comparisons with the bank you’re at now, or you...
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