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This top BAML investment banker in New York has just leapt to RBC Capital...
RBC Capital Markets has been steadily hiring in some senior investment bankers from larger rivals over the course of 2017, and has just brought in a mid-market specialist from Bank of America Merrill...
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Why portfolio traders are next in line for the chop
You wouldn’t want to be a portfolio trader now. So far, the portfolio traders (also known as program traders) who trade whole baskets of stocks have emerged unscathed from changes to market structure,...
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Morning Coffee: Nomura banker defeats smartphone addiction. The best place to...
If you’re a banker with an addiction, try going cold turkey first. This approach worked for Bilal Hafeez, Nomura’s London-based global head of G10 FX strategy and head of EMEA research. His cravings,...
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Rokos Capital Management has enlisted a top White House economist
Rokos Capital Management has taken on a senior economist in the White House as it continues its recruitment drive. Benjamin Harris, the chief economist and economic adviser to the vice president of the...
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Winton’s ex-CIO just started the hottest new quant fund in London
If you’re looking for a new quant fund whose employees have an impeccable pedigree, you might want to alight upon Havelock London, a brand new investment management firm co-founded by Matthew Beddall,...
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Canary Wharf bar said to eject badly behaving interns as offers thin on the...
Boutique firms excepted, summer internships in the City of London are now over. Some interns got offers; some didn’t. Some interns have already gone on holiday to erase the stain of 80 hour weeks;...
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One of Citi’s hottest rates saleswomen quit for journalism
Joumanna Bercetche was doing pretty well as a rates salesperson. After joining Citi from Goldman in 2013, insiders say she became one of the biggest “producers” on the U.S. bank’s G10 hedge fund rates...
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Berenberg has nabbed this top financials analyst from Goldman Sachs
Berenberg is busy hiring analysts from larger investment banks, taking advantage of their retreat from equity research as MiFID II looms. Its most recent recruit is Chris Turner, Goldman Sachs’ lead...
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Morning Coffee: 23 year-old’s method of avoiding long hours in law and...
Firstly, this won’t work if you’re on Wall Street or in Asia. There, if you want to avoid 80+ hour weeks, you’ll either have to make an executive decision that working all those hours won’t make much...
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A Goldman Sachs economist in London quit for a fund in Denmark
Is it Brexit? Is it Goldman? Is it the general sense that there’s a better life on offer on the buy-side than the sell-side? Who knows, but one of Goldman’s fairly senior economists in London has...
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Another senior HSBC investment banker has jumped – this time to a small...
Senior investment bankers are still leaving HSBC. The latest departure is Greg Hely-Hutchinson, a managing director within its transportation, support services and infrastructure investment banking...
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Barclays and Credit Suisse heavy-hitters team up to tackle traders’ bad...
Uncovering potential miscreants on the trading floor is big business. Banks have installed new messaging systems that allow them to monitor trader chat more easily, or unleashed artificial intelligence...
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Junior equity salespeople are deciding it’s not worth the hassle
Would you want to work in equity sales now? Maybe not. With MiFID II approaching and banks in any case shifting to high-touch/low-touch models of client coverage in which clients are either serviced...
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My banking job has become very boring. This is why I still do it
I work in the wholesale funding unit of a major bank on Wall Street and ten years ago, my job used to be pretty exciting. I came into this through an MBA in my late 20s. It was the mid-2000s and...
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Morning Coffee: Is this where the worst ‘laddish’ bankers work? Bad news...
It’s not difficult to identify instances of sexist, “laddish,” activities in financial services. The cage fighting inter-dealer brokers have been notorious for it, and U.S. investment banks haven’t...
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Morgan Stanley’s ex-head of France fixed income has joined a small asset manager
The former head of fixed income for France at Morgan Stanley, who has been working as an advisor at Natixis as well as running his own cycling start-up for a year, has just re-emerged at a small asset...
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Two top Deutsche Bank fixed income strategists leave after research costs cut
Two of Deutsche Bank’s top high yield strategists in New York, known for their insightful and irreverent research into the bond markets, have just jumped for big new roles in U.S. investment banks...
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Apollo is hiring junior Goldman and J.P. Morgan bankers in London
If you want to leave your investment banking job and work in private equity, you’ve probably eyed by Apollo Global Management already. Founded by Leon Black, a former Drexel Burnham Lambert banker,...
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Is Goldman Sachs guilty of hiring and firing without a proper plan?
Next week we will know everything. On Tuesday, ex-Goldman CFO and current co-COO Harvey Schwartz is due to make a presentation about the future strategy of Goldman Sachs at the Barclays Global...
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Meet 14 impressive investment banking analysts starting out in 2018
Investment banks’ summer internships are over. Despite suggestions that big banks have extended fewer offers than in previous years, top university students who endured demanding 80-hour weeks for the...
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