AU
Sector: Asset Management
Candidate Blog: I interned in New York, have great grades and want to work in i-banking, but I’m stuck in fin planning selling super to mums and dads
During my graduation ceremony from a Sydney university in 2009, the chancellor mentioned in his speech that our lives were just about to begin. We should embrace the world and enjoy the fruits of our studying labour. Having completed my double degree (commerce and economics), I took this at face value, and begun a whirlwind [...]
WE WANT BLOGGERS: Write about your career in funds management, fin planning, super, or insurance
We’re looking for Australia-based professionals working in funds management, financial planning, superannuation, or insurance to blog (anonymously) about their careers. So if you’re in one of these sectors, give us the gossip on the good, the bad and the simply frustrating aspects of your working life, whether that’s job hunting, dealing with redundancy, or coping [...]
Blue Horseshoe: In the insular world of Australian funds management, big firms (usually) beat boutiques
So you want a career in funds management, investing “other people’s money” in stocks? If so, you would have already come across the bewildering number of companies employing motivated individuals to do exactly that in the Australian market. The aim of this blog is to shed some light on the major differences between working for [...]
From the Waratahs to AMP: Why this ex-rugby player is now a financial planner
On paper Drew Hickey is making a bigger career change that most of us could ever imagine: He’s swapping rugby union for financial planning. But Hickey – who has just hung up his boots after an 11-year career in the top flight – says the two professions aren’t quite as different as you might think, [...]
Is Singapore the new London for Australians?
Not so long ago ‘international experience’ just meant heading to the UK for two or three years, but relocation trends are now becoming more complex for Australian financial professionals. Although London remains an important employment hub, job growth in Asia means a rising number of Aussies are applying for roles in Hong Kong and Singapore. [...]
Funds management employment is stable, even if an AMP/Axa deal leads to layoffs
A steady stream of replacement recruitment has kept the employment market alive in funds management this year. Simone Mears, director, Profusion Group, describes hiring in 2010 as “solid, but not strong.” Luke Heath, chief executive, Chandler Heath Executive Recruitment comments: “Australian funds under management are growing, but the investment industry is very mature. And funds [...]
Help me: I’m a buy-side junior in London and I really want to work in Sydney
I’m a junior working on the buy side in London. I’ve got no major commitments here: I’m in my mid-twenties and rent rather than own a property. It feels like the ideal time to work abroad for a few years. It’s something I’ve always wanted to do as I didn’t have a gap year before [...]
Dispatches: Profits jump for BT
BT Investment Management increased full-year profit 72 per cent as equity and credit markets improved. Net profit rose to $21.8m for the 12 months to September 30 compared with $12.7m in the prior corresponding period, Sydney-based BT Investment said in a statement on Monday. (Sydney Morning Herald) Prime Minister Julia Gillard has signalled a warning [...]
Dispatches: Not such a Superwoman
Troubled financial services company Superwoman Group has recorded a loss of more than $5.8m for the financial year ending 30 June 2010, which the company attributed to “poor management of the former senior management during the year until 17 May, 2010.” (Money Management) Competition in the wealth management industry will be permanently damaged if the [...]
Dispatches: AMP not impressed by NAB’s plans for AXA
AMP chief executive Craig Dunn has scoffed at attempts by NAB to ease the competition regulator’s concerns over its $14n plans for AXA Asia Pacific. (The Australian) Australian banks’ expectations for margins have “significantly” deteriorated, according to a UBS report. The investment bank in July undertook its second survey of Australia’s bank chief financial officers [...]
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