AU
Sector: Debt / Fixed Income
Straight Talk: A senior UBS banker explains how to ace interviews and avoid failure during your first days on the job
Lutfey Siddiqi CFA, head of FICC corporate coverage & FX distribution Asia-Pacific gives some sage advice to young bankers. It can be disconcerting for fresh graduates to shift from the heights of academia to the bottom rung of a bank. Apart from a reversal in status, many find the unarticulated rules of the game -expectations [...]
Dispatches: Australia will never become a financial hub
Australia’s aspirations to become a financial capital of the Asia region are naive, according to the managing director of Standard & Poor’s, John Bailey. (Money Management) National Australia Bank has quashed speculation it will quit its British operation after last week dropping out of the auction for 318 Royal Bank of Scotland branches. (The Australian) [...]
Securitisation bankers: where are they now?
As the employment market in your job function splutters slowly back to life in Asia, spare a thought for those who once specialised in securitisation. The public blames them for starting the financial crisis; they were probably made redundant last year; and their job function isn’t exactly a priority for banks trying to rebuild their [...]
Bonds bonanza might mean more jobs
The Government’s budget projection that it will need to issue about $300bn in bonds over the next four years promises rich rewards for the Big Four. But will this fixed-market frenzy filter through to the employment market? There hasn’t been much commonwealth debt to trade in recent times. Sales by Canberra were worth only $5bn [...]
Fluctuating fortunes in fixed income
Things are getting complicated in fixed-income recruitment: the globals are quiet; the Big Four are opportunistic; and the boutiques are growing. There are differences between job functions, too. Sales and trading roles are holding their own, while origination (debt capital markets/securitisation) is taking a tumble. There hasn’t been much net headcount change in the trading [...]
Seeking sanctuary in infrastructure
Don’t be put off infrastructure finance (IF) by the decline of Babcock & Brown. If you can get a job in this sector you’ll be well placed to ride out the recession. But only apply if your deal structuring skills are up to scratch. The comparatively solid IF employment market is underpinned by continued government [...]
ON THE SPOT: Master’s in finance student, London Business School
Brijesh Pande has just finished the master’s in finance at London Business School. Previously head of fixed income capital markets at Citigroup in Indonesia, he joined a leading Australian bank in Singapore as head of FX, interest rates and derivatives corporate sales for South Asia after his course finished. We’ve asked Brijesh a few questions [...]
Bulge-bracket banks muscle in on restructuring jobs
Global firms are beefing up their Australian debt restructuring teams as recruitment heats up. While local commercial banks still dominate restructuring recruitment, foreign i-banks are building their teams and should have “real numbers” in 12 to 18 months, says Toby Aikins, a consultant at Jon Michel Executive Search. Goldman Sachs announced plans last month to [...]
Westpac banks on big job losses
The AU$18.6bn merger plan announced this month between Westpac and St George looks destined to lead to big job cuts. Experts expect thousands of jobs to be axed as the banks integrate their operations and reduce overlaps across different divisions, as well as at the branch level. Toon Van Beeck, senior analyst with industry research [...]
Indian promise lures Aussie banks
What is it about ABN AMRO employees that’s so irresistible to Babcock & Brown (B&B)? The ASX-listed investment bank has poached ABN’s entire Indian M&A group, having nicked its infrastructure team 18 months ago. ABN staff might well be desirable, but this latest raid was motivated more by location: India. While outsourcing retail support roles [...]
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