AU
Sector: Derivatives
Derivatives jobs on a downer
The financial crisis and the prospect of a regulatory crackdown mean derivatives jobs are in short supply in Australia. Shane Oliver, head of investment strategy at AMP Capital Investors, expects the derivatives market to soon be subjected to increased government regulation. “This will have an impact on job opportunities in the financial sector,” he adds. [...]
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 [...]
JPMorgan and rivals recruit in equity derivatives
Banks including JPMorgan continue to recruit in equity derivatives as the sector looks set to survive the credit crunch comparatively unscathed. JPMorgan’s Asian team has grown from five to 45 since 2003 and headcount will continue to rise to meet Indian and Chinese demand, according Ong Tsui Keng, the bank’s executive director for equity derivatives. [...]
What happened to all the securitization bankers?
There is drama galore in the murky world of securitization, but for bankers’ jobs the outlook seems decidedly tragic. It remains to be seen whether the recent decision by the Reserve Bank of Australia (RBA) to buy AU$780m of mortgage-backed bonds will help to kick-start the market, says one leading economist, who asked not to [...]
Come home, you might just get a job
Is Australia awash with expats fleeing slaughter in the City? Well, yes, it seems many suddenly have remembered the joys of home, particularly those in securitization. But leaving London doesn’t always lead to a great job in Aus. Emilie Everett, UBS’s country head of recruiting, has noticed more CVs than normal from people wanting to [...]
Want to leave? Pay back that bonus
Investment banks are coming up with innovative ways to keep some staff on their payrolls, even while they let go of others in the wake of the credit crunch. This inventiveness mostly takes the form of long-term stock grants, or measures that let banks defer cash expenses in hopes that revenue growth will pick up [...]
Australian bankers spared redundancy
Wholesale redundancies don’t seem to be on the agenda right now for Australia’s major and regional trading banks, or for most of the investment banks. That’s the word from senior recruiters, although the marketplace is still full of downsizing rumours, including one that Bank of America will scale back from a trading bank to a [...]
For sale sign up at ABN AMRO Australia
Who’ll buy ABN AMRO’s Australian unit? And what will happen to its 700 local staff? With a reported AU$1bn price tag, and most banks struggling to find cash at the moment, sale advisers Lazard Carnegie Wylie certainly have their work cut out. Analysts regard ABN AMRO’s mergers and acquisition division as one of the key [...]
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 [...]
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