How ESSEC’s Singapore Master in Finance gives your career the “cutting edge”
Ask Professor Sridhar Arcot what he enjoys most about teaching on ESSEC’s Master in Finance programme and you might be surprised to hear the answer. “I love the way the academic research that my...
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Morning Coffee: The real reason why investment bankers quit. Hedge fund...
Even though investment banks claim to be making efforts to improve work/life balance, hours remain excessive and this is causing a lot of stress in the sector. Senior investment bankers are stressed,...
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Point72’s newest recruit shows how hard it is to get a junior hedge fund job now
Outside of its highly-contested graduate programme, what does it take to get a junior job at Steve Cohen’s hedge fund-cum-family office Point72 Asset Management? Point72 is a proponent of the so-called...
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Top macro hedge fund manager quits Zug for London
He’s back. Alessandro Cipollini has seemingly decided that two years in the sleepy town of Zug, Switzerland, are enough for any man. As of this month, he’s in London again. A Cambridge and Bocconi...
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I quit investment banking for fashion because of office politics. Months...
As far as strokes of luck go, Beyoncé modelling one of your products just months after quitting banking to launch a fashion label is a pretty big one. But Anoo Rehncy, co-founder of A Black and White...
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Deutsche Bank’s global head of equity sales quit before the layoffs
So much for the end of layoffs at Deutsche Bank. When Deutsche CEO John Cryan said yesterday that, “from today” there will be no more workforce cuts, what he really meant was, “from next week”. The...
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Brexit could take Goldman Sachs’ London office back to 1999
How many people is Goldman Sachs planning to move out of the City of London because of Brexit? Officially, the bank’s saying nothing: it’s still in the contingency planning stage etc. etc....
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Morning Coffee: What the most powerful ex-Goldman Sachs banker plans next....
Sometimes it makes sense to leave Goldman Sachs. By quitting the firm to join the Trump administration, Gary Cohn has not only enriched himself to the tune of around $284m, he’s also leapfrogged Lloyd...
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Barclays’ head of cash equities in Europe has left
There’s new churn in Barclays’ under-performing equities unit. Neal Hallett, head of EMEA cash equities at Barclays, has departed the bank. Hallett worked at Barclays for nearly four years, having...
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MDs leave Credit Suisse’s equities business as UBS men join
The shakeup of Credit Suisse’s equities business may not be over after all. As we reported last year, the Swiss bank cut a swathe of senior equity derivatives professionals before bringing in Mike...
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Goldman Sachs has raided the White House in its fight against hackers
Goldman Sachs alumni might be dominating the ranks of the Trump administration, but the U.S. investment bank has just raided the White House to ensure that it’s not infiltrated by hackers. Goldman has...
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The little problem with that big salary increase at Deutsche Bank
In theory, Deutsche Bank’s non-existent bonuses don’t really matter. Yes, Deutsche Bank isn’t paying cash bonuses to anyone above assistant vice president level this year. Yes, Deutsche’s ‘retention...
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Bridgewater strategist on hedge fund death and choosing the right employer
Bridgewater Associates isn’t immune to the turmoil hitting the hedge fund industry – even if its recent layoffs focused on its operational staff – but while most hedge funds bleed assets, it’s now...
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J.P. Morgan’s head of EMEA equities trading is expected to leave the bank
It’s a busy time in equities. Credit Suisse has been hiring and cutting. So has Barclays. Now it transpires that J.P. Morgan has been making some high level changes as well. Laurent Marquis, head of...
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It’s about to become a lot more expensive for banks to hire technologists
Donald Trump has already given financial services organisations a big headache when it comes to hiring tech professionals. The House of Representatives has proposed to more than double the minimum wage...
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London bankers who go to NYC post-Brexit are in for a shock
So, Brexit might force bankers currently based in London to relocate to NYC. Good luck with that. As someone who’s worked on Wall Street and in the City of London, I can tell you that one is a walk in...
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Morning Coffee: This is going to kill any need for human traders. Misplaced...
if you work in trading, you might be feeling pretty perky right now. Maybe you think Gary Cohn is going to bring back prop trading? Maybe you think the normalizing U.S. rate environment and erratic...
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Citi’s global head of compliance has reinvented himself…in FinTech
John P. Davidson, the former global head of compliance at Citigroup, announced his retirement from the bank in October last year and was given a pat on the back by CEO Mike Corbat for helping steer the...
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HSBC’s ex-head of EMEA equity sales just joined the buyside
It’s a bad time to work in equity sales. Just ask all the people who are losing their jobs at Deutsche Bank today – along with the backlog of equity salespeople out of the market who can’t get in...
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How to dress as a woman in investment banking now
Sartorial correctness isn’t necessarily easy when you’re a woman in an investment bank. If you consult UBS’s ‘dress code’ (since withdrawn), the woman in finance should never display her toenails,...
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