AU
Sector: Commodities
Relationship bankers of the world: Perth (yes, Perth) needs you!
With the mining sector booming and the impact of the GFC gradually diminishing, demand for relationship managers is gathering momentum in Perth. And banks are prepared to look abroad for candidates. “We are seeing evidence of mid-level jobs lost during the GFC being replaced, while banks are starting to poach senior-level recruits from each other,” [...]
The door closes on commodities
What a difference a year makes. In January 2008, we reported on soaring commodity prices and a correspondingly red-hot job market. Now banking job opportunities in commodities are looking just as scant as those in debt and equity. “There is uncertainty in regards particularly to mineral sales and therefore no accurate predictions as to forward [...]
Commodities: hiring is falling too
With commodities prices falling and the markets slowing, demand for commodity traders in Australia is also quieting down. But while hiring is no longer hot, commodity traders are not being laid off in droves either, according to Geoff Officer, CEO of outplacement firm The Donington Group. “We are not seeing any [redundancies], though we are [...]
SMX steps up hiring
The new Singapore Mercantile Exchange (SMX) is searching for staff as it prepares for trading in early 2009. SMX is looking to boost its current 15-strong headcount, according to a director-level spokesman. He tells us: “We are recruiting aggressively at the moment and expect to have about 75 staff in place by the time we [...]
Macquarie bonuses a well-kept secret
It’s probably the best-kept secret in Australian banking circles right now. Just how big will Macquarie Bank’s profit be when it reports its annual results on 20th May, and will employee bonuses rise, fall or remain the same as last year? The bonus question has just about everyone stumped, with recruiters having little if anything [...]
The Irish are coming and so are the jobs
Bank of Ireland has opened a project finance office in Sydney and is looking to create more jobs in the city, according to Tom Hayes, chief executive of the firm’s corporate banking division. “Over the next 12 to 18 months, we see significant opportunities in a number of key market areas, including the electricity market [...]
Electric demand for energy traders
Volumes of electricity and futures options have hit record levels and energy trading desks are fizzing. d-cyphaTrade, the energy market’s official product sponsor and development company, says the number of financial energy trading desks has doubled since June 2007, with the banks and options trading houses among the biggest movers and shakers. Dean Price, general [...]
Exile on Wall Street?
Wall Street is definitely not the flavour of the month at the moment, especially when it comes to investment banking. It’s not really surprising, therefore, that many Australians working in the Big Apple are checking out their job options for fear they may not have a job in the very near future. According to Adam [...]
False sense of security?
The US financial services industry is burning, but who’s to say Sydney’s so safe? Bear Stearns doesn’t have an Australian office and Macquarie and Babcock made healthy profits in 2007, but that doesn’t make Australia immune to what’s happening on Wall Street. Australia’s market has dropped 20% since November, with finance stocks down 30%. Notions [...]
Wet season could signal job deluge for agri-specialists
Are we about to see torrential demand for bankers and traders with agricultural expertise? Maybe – the recent end of the drought in some areas and rising prices for soft commodities are creating opportunities both for traders specialising in agricultural products, and for agri-economists who can predict what’s going to happen next in the sector. [...]
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