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It’s a bad year to work in emerging markets at 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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Morning Coffee: J.P. Morgan reluctantly tells staffers to start packing. What...
If it seems as if banks are dragging their feet with their post-Brexit plans, they are. An EU regulator chastised U.K. banks last month for their “inadequate planning,” telling them to “speed up their...
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Millennium Capital Management lost one of its top London portfolio managers
People keep leaving hedge fund Millennium Management (AKA Millennium Capital Partners in the UK). The latest to disappear is a 38 year-London portfolio manager who’d been there since 2012. Insiders say...
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Why you should accept the alternative jobs banks offer instead of redundancy
When you lose your job at an investment bank – or any other organisation in the UK – it’s rarely a smooth process. Instead of simply being let go, employees in the UK are entitled to a consultation...
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Where jobs cuts have – and haven’t – hurt Deutsche Bank in the U.S.
The bulk of what we’ve heard about Deutsche Bank’s massive layoffs plans – either directly from bank or through back channels – is that they’re focused on the bank’s equities business, with the...
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How to network with all the charisma of a top Wall Street banker
Over eighteen years in banking and finance, including five as a managing director at a major U.S. bank, I’ve noticed what makes some people succeed. Why some people get hired with guaranteed bonuses...
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Disconcerted Deutsche Bank traders are being made to work their notice periods
When you resign from your job on the trading floor of an investment bank, it’s standard practice to be locked out of a bank’s systems and immediately bewith escorted from the building. After all, no...
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