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Morning Coffee: Fancy dress warning from hedge fund party. Ex-banker dies...
As Christmas party season approaches, it’s worth refreshing your memory of the worst investment banking Christmas parties past and ensuring the scenes therein are not repeated. In some cases, it may...
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Citi’s ex-head of equity derivatives joins AI fund manager cloning its...
Citigroup’s former head of equity derivatives in London has joined a Dubai-based asset manager that uses algorithms to copy the brain of its founder and chief investment officer, Muhammed Yesilhark –...
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How safe is your banking job? This is where big banks need to cut costs
Are you going to lose your job before bonuses are paid? This clearly depends how well you performed. It also depends upon the degree to which the bank you work for is overweight in your division....
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Deutsche’s head of U.S. inflation has just re-emerged at Bloomberg
The former head of U.S. inflation trading at Deutsche Bank, who left following a reported $60m loss at the division, has just re-emerged in a new role at Bloomberg. Jacob Bourne joined Deutsche Bank as...
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Citi just gave a London IBD associate a special privilege
Investment banks are all about keeping their restless 27-year-olds happy. First they modified junior bankers’ working hours. Then they promoted them to associate after two years instead of three. Then...
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“I joined Goldman Sachs as a VP. This is what they really look for”
Goldman Sachs is hiring “outsiders.” Both COO Harvey Schwartz and CFO Marty Chavez keep reiterating how the firm has doubled lateral hiring so far this year. As we noted in October, a lot of these new...
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Morning Coffee: The most intense banking town hall meeting for years. You...
Banks love a town hall meeting. During times of trouble or change, or simply at times that correspond to fiscal results, employees convene to hear executives speak about the future. There have been...
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J.P. Morgan just hired a top technologist from Goldman Sachs
J.P. Morgan has made a big appointment to its equities electronic execution team, hiring Karen Rossi as a managing director from Goldman Sachs. We understand that Karen has joined J.P. Morgan’s...
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How RBS quietly emerged as one of the big fixed income recruiters of 2017
Think of RBS’s investment bank and it’s inevitable that massive cost-cutting comes to mind. The bank is supposed to be chopping 14,000 of the 18,000 jobs in its investment bank, and yet it’s quietly...
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Investment banks are going for growth again, but there’s a catch
Maybe London’s finance recruiters are onto something. As we reported last week, they’re pretty bullish about the prospects for 2018. After a few quiet years, recruiters’ expectation is that the cycle...
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“I’ve got so many hedge fund trading jobs to fill, but no one will move”
I’m a headhunter who specializes in systematic trading jobs at hedge funds. I’m big in this space: if you’re a top systematic trader in London or New York, you’ll know who I am. If you’re reading this,...
View ArticleInvestment banks are turning away from high society jocks
Pity the moneyed, lacrosse-playing Harvard graduate – his or her days on Wall Street are numbered. Investment banks are recruiting from a broader pool of talent, and upper class elite jocks are no...
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Here’s what BlackRock, Pimco and Capital Group pay in the U.S.
If you work at an asset management firm – or if you’re an aspiring asset management professional – then you want to know what the heavy-hitters in the industry pay in the US. BlackRock, Pacific...
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Morning Coffee: Deutsche turning to Goldman Sachs for investment bank rescue....
Deutsche Bank is mounting a come back in its investment bank by raiding Goldman Sachs. First came Sam Wisnia, who joined in 2015 to replicate Goldman’s powerful risk pricing system SecDB, which helped...
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J.P. Morgan investment banker quits for new fintech-focused VC fund
A J.P. Morgan deal-maker, who has spent the last 13 years at the bank working across equity capital markets and M&A, has just joined a tiny VC firm that will target fintech investments run by...
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How to get a job on Wall Street when your family is poor
It’s hard enough to break into Wall Street when you have all the right connections and an elite education. Imagine trying to become an investment banker when you’re from the wrong side of the tracks....
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Will you get paid for 2017? Bonus outlook by bank and division
2017 bonus announcements are fast approaching. Who will be lucky? Who will be luckless? Here’s our roundup of all the portents for performance payments for 2017. Bank of America Merrill Lynch: Good...
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Meet 13 impressive UK interns starting out at investment banks in 2018
Investment banks are just closing up their 2018 summer programmes to applications, but a select band of students have already landed offers for next year. Summer analyst programmes are integral to...
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Taking the CFA exam in December? You need to know this
Time is running out. If you’re taking the CFA Level I exam this Saturday, you’re probably freaking out and getting no sleep or cruising through your final mock exams. Either way, it won’t be long....
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Morning Coffee: Man fed up with finance job resigns in style. Bankers turn to...
Imagine if you could leave your job for a full year’s salary worth £800k, plus £12m of additional benefits. If you could retire to your Provence vineyard where your wife is producing an “excellent...
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