AU
Sector: Accounting & Finance
Guest Comment: Cost cutting, hiring freezes, more offshoring, more regulations – bank CFOs say they are feeling the pressure
At a recent discussion group, hosted by Aequalis Consulting, CFOs from a number of international investment banks and domestic institutional banks provided insight on common themes facing their organisations. The firms attending represented a wide cross section of the Australian banking sector, from smaller overseas banks with local headcounts of less than 200, to two [...]
The Inbetweener: Is there a place in financial services for those who don’t want to be promoted?
After years of working in financial services on the sale side of things, I went back to university to get my Masters of Commerce on the way towards getting my CA. The intention was to have a better career in a different, more respected position where I would more fully utilise my tertiary education. It [...]
The fickle world of funds management hiring in Australia
Funds management recruitment is down but not out. Vacancy volumes are lower than 12 months ago mainly because of a lack of new inflow through retail and institutional channels, says Ashton Bilbie, director, Profusion Wealth Management. “The associated lack of revenue stymies growth plans for funds managers. Most opportunities within the industry are a result [...]
The Inbetweener: Good interview gone bad – from perfect to incompetent within 20 minutes
About a year ago I wrote a blog about missing out on a job because I had out-priced myself for failing to understanding salary levels at that particular firm. More recently, an old colleague of mine asked me to be a referee on her CV. She was applying for a back-office role in financial planning [...]
Killer interview question: How old are you?
This question was asked at an interview for a financial planner position at a boutique financial planner. An upsetting question It was my third interview for this job. The first was with the recruitment agency, the second with two principals of the firm, and the third was with the main financial planner. I felt incredulous [...]
Dispatches: Axa shares halted as regulator considers NAB bid
National Australia Bank this morning said it remains in talks with the competition regulator over its plans to acquire Axa Asia Pacific Holdings.The comments came as AXA AP this morning placed its shares under a trading halt while the ACCC considers whether to allow the bank’s $13.3bn takeover bid to proceed. (The Age) Hot on [...]
Dispatches: HSBC plans corporate banking expansion
The Australian arm of global banking giant HSBC plans to increase its corporate lending business. It also plans to leverage its international balance sheet to win market share from its major domestic rivals. (The Australian) Wealth manager AXA Asia Pacific Holdings has reported a 19 per cent drop in first-half net profit and says management [...]
Why these three job functions are hot in the second half
Credit analysts Credit analysts with local market knowledge are needed in residential and commercial banking as business and corporate lending picks up, says Jane McNeill, senior regional director of Hays Banking. There is demand for analysts to support sales teams, evaluate loan requests or debt issues, and ensure transaction approval. Firms are recruiting not just [...]
Big Four accountancy firms beware: banks are back on hunt for your staff
Banks are poaching more staff from the Big Four accountancy firms in Australia, but they face strong competition from the corporate sector. There has been a rise in the number of accountants leaving PricewaterhouseCoopers, KPMG, Ernst & Young and Deloitte in 2010 as a result of increased demand for their talents in the banking industry. [...]
Guest Comment: the new internationally mobile superheroes are…product controllers (seriously)
Chris Jay, associate director of Morgan McKinley’s financial services division, Singapore, explains why product controllers are so in demand and why candidates from other countries should apply for jobs in Singapore. All the major financial institutions in Singapore are once again hiring experienced product controllers, with volumes back to pre-crisis levels at some banks. Most [...]
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