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Blankfein explains why Goldman won’t open a trading floor in Salt Lake City
Today is the day of the Goldman Sachs annual general meeting in Salt Lake City. This is the first time the bank has held its AGM in Utah, some 2,000 miles from Wall Street, and it may not be the last. Together with Dallas, Bangalore and Singapore, Salt Lake City has been identified as one […]
Bloated bankers advised to live like Christine Lagarde, Nassim Taleb
If you’re working in banking and are suffering from exhaustion, digestive problems or just general bloating, you may want to take some leaves from the lifestyle manuals of Christine Lagarde and Nassim Taleb. Alice Mackintosh, a nutritional therapist at the Food Doctor Clinic in London, said people working in jobs like banking – where lunch […]
The Key to Making it in Wealth Management: Who’s Your Daddy?
Analytical skills, business savvy and a great work ethic: these are not the things that will get a job in wealth management as a twenty-something. Rather, you need to know a host of rich people – family and friends, mostly – who are willing to do you a personal favor. Succeeding as an entry-level financial […]
How expat bankers can still succeed in Saudi
Saudi Arabia has long been viewed as a hardship posting for expat financial services professionals, but as opportunities shrink in other Middle East locations the kingdom has continued to offer jobs. However, a new push to recruit local candidates has meant it’s become an uphill struggle for foreigners to move in, but expat expertise is […]
DeRegt’s not alone in fleeing Morgan Stanley. Nomura hiring everywhere
Morgan Stanley’s fixed income business is in a state of upheaval, but anyone thrown off balance at the U.S. bank can seek solace at Nomura, which says it’s hiring fixed income professionals worldwide. In an unusual example of reverse nepotism in financial services, Ken deRegt, the 57 year old head of Morgan Stanley’s fixed income business, […]
U.S. Investment Bankers Trump U.K. Rivals on their Own Turf
U.S. investment banks have been clobbering their U.K. rivals for well over a year, generating near-record revenue share while their European counterparts continue to struggle. It’s mostly market conditions, experts say. A new report belittles that theory. American-based banks have taken more investment banking fees from U.K. clients year-to-date than hometown British banks, earning a […]
Older financial professionals seek solace from stress
Self-medicating is a young man’s game, unless you’re stressed out and working on Wall Street, apparently. Results of a new eFinancialCareers survey suggest that the longer you work in financial services, the more likely you are to rely on mood changers to manage stress. U.S. respondents were given 14 different options to indicate how they […]
Daily Dispatches – Unexpected rise in Singapore’s Q1 GDP
Singapore’s first quarter GDP rose unexpectedly in the first three months of 2013, beating government predictions of a contraction in growth over the period. Better than expected conditions in services and construction have eased pressure on the central bank to adjust monetary policy to boost growth. Nomura is hiring Japan’s largest securities firm plans new hires […]
Ex-bankers advise on spirituality: channel Archangels, avoid alcohol
Investment bankers and God don’t have a great history. Lloyd Blankfein was much maligned after famously claiming to be doing God’s work in a Sunday Times article of 2009. The Bible famously says rich men have as much chance of getting to heaven as camels have of squeezing through the eyes of needles. And more […]
Quants and techies get social, autistic hires fall by the wayside
Quantitative hedge funds, derivatives desks and the programming teams of investment banks have supposedly long provided happy homes to people with autism, which are able to put their systematic mindsets to good use. However, the announcement from SAP that it intends to hire 640 people with autism to programme and test its products highlights an […]
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