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Jefferies raids more senior tech bankers on Wall Street as it moves up U.S....
Jefferies has continued to hire senior technology investment bankers in the U.S. a year after a controversial raid on Credit Suisse that saw it rise up the rankings and land a place on some big ticket...
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Why VP is the worst job at Goldman Sachs (or anywhere)
If you’re a Goldman Sachs associate and you didn’t get promoted to vice president this year, I’d like to commiserate with you. Failing to make VP is hard; it might not be your fault – it could be...
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Morning Coffee: The psychological side effects of losing your banking job...
Losing a job in banking might be considered a kind of liberation if it’s the catalyst for going off and doing something you’ve always wanted, like running a pub in the English countryside or setting up...
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D.E. Shaw has hiked pay for its London staff to nearly £500k
Quant hedge fund giant D.E. Shaw hiked pay for its London staff by nearly 30% in the year to March 2017, and continued to hire after revenues surged by 48%. Staff in the UK operation of the $43bn...
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Why you don’t want to work for a European bank, by Deutsche
European investment banks are not going quietly. They’re hiring (witness Credit Suisse’s recruitment of Guy Dunning from Deutsche Bank as head of sales trading for EMEA and Deutsche’s addition of Peter...
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First bank announces bonuses, and they’re…..fine
It’s begun. Fresh from announcing its fourth quarter results a couple of weeks ago, RBC Capital Markets has become the first investment bank to tell people their bonuses. Early indications are that...
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Banking’s most notorious bad boy is now selling socks
Remember John LeFevre, the ex-Salomon Brothers trader who started the @GSElevator Twitter account and penned an apparently boring book titled, “Straight to hell. True tales of deviance, debauchery and...
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Another senior Citigroup equities trader departs – this time for the buy-side
BlueCrest Capital Management has continued its end-of-year raid on investment banks’ trading desks by hiring a senior equity derivatives trader from Citigroup in London. Imran Lakha, who has spent the...
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Fear hits HSBC as teams are restructured during the appraisal process
Things are a bit edgy over at HSBC. First, global head of investment banking Matthew Westerman disappeared unexpectedly. Now various other senior people seem to be dropping off the org chart. The debt...
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Morning Coffee: The J.P. Morgan job that will last past 2030. Citi loves a...
Some financial services trends are actually fads that end up being a mere flash in the pan. However, others have staying power, and quantum computing certainly appears to be in the latter category, at...
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Citadel taps top SEC enforcer for chief compliance officer role
Citadel has hired a top enforcer from the Securities and Exchange Commission (SEC) as its new chief compliance officer as it continues to build one of the biggest legal and compliance teams in the...
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KKR makes end of year junior grab from Goldman Sachs and Credit Suisse
If you’re a junior investment banker working for Goldman Sachs or Credit Suisse, December is not the most obvious time to quit and move into a new job. But if private equity giant KKR comes knocking,...
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Meet the 10 most interesting new MDs in Citi’s ICG Group
As we reported last week, Citi recently promoted a new round of managing directors (MDs). You can see the full list of 178 new MDs in Citi’s Institutional Clients Group here. Citi MDs are very good...
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The 11 questions you will always be asked during a financial services interview
If you’re interviewing for a financial services job, you will of course be quizzed on technical expertise specific your role. Obviously, a risk manager will not be asked the same questions an M&A...
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The sicknesses that strike investment bankers. And how to cure them
If you work in investment banking you might get sick. Worse: you might get sick and not even know it. I was a managing director at a leading global U.S, investment bank and I saw plenty of sickness....
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Morning Coffee: The world’s most successful hedge fund manager is also a very...
At 79 years old, Jim Simons has a few bad habits. One of them is continuous smoking. Another is keeping more than $7.5bn in an offshore fund in Bermuda . Following revelations of the latter, Simons has...
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Top macro traders at struggling Caxton Associates are being snapped up elsewhere
One of the top macro traders at Caxton Associates in London, who left earlier this year as the hedge fund restructured after a tough period, has just re-emerged at Izzy Englander’s $35.3bn firm,...
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Christmas rapture as hedge fund closure ejects top traders onto market
It’s not every day that a hedge fund closes and ejects hundreds of highly desirable, highly talented traders onto the market. It’s even less often that this happens just before Christmas when most...
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Why your chances of landing a job at Moelis are slimmer than ever
In June. Moelis & Co celebrated its 10-year anniversary, and a lot has changed for the independent investment bank in the ensuing decade. That first year, it hired three students who started as...
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The speed route to executive director at Goldman Sachs
It’s promotion season in investment banks. Managing directors aren’t the only ones being informed of their new positions: vice presidents (VPs) and executive directors (EDs) are being bumped-up too....
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