AU
Sector: Equities
Equities sales, trading and research jobs in Aus: A year of living quietly
With the Aussie sharemarket near enough to flatlining in 2010, job vacancies for equity sales, trading and research professionals have also been few and far between in recent months. The ASX 200 is down almost 5 per cent for the year to date, and according to a number of recruiters, it’s been a year of [...]
Dispatches: ASX chief to call it quits
Australian Securities Exchange chief executive Robert Elstone has flagged plans to retire from the markets operator from July next year. (Sydney Morning Herald) The number of Australian millionaires rose by more than 30 per cent last year, climbing above the level recorded before the financial crisis hit, the Australian Financial Review said, citing a report [...]
Big Four v foreign firms: war for equities talent heats up
The Big Four banks are stepping up their campaign to lure top talent away from foreign firms. And this year the international i-banks need to fight back if they are to benefit from Australia’s economic recovery. Of course only a select number of professionals will be of interest to both the domestics and the IBs, [...]
Bar Cap set to shake up ECM job market?
Barclays Capital plans to add an equities team to its ranks in the first half of 2010 and become a full-service investment bank in Australia. But entrenched competitors and a small local talent pool in ECM mean the firm will face a challenging employment market. The British bank, which already has a DCM operation, has [...]
Tell me what’s wrong with my CV (4)
You know the drill by now. Read this resume and write your comments at the bottom. This guy is currently working as an accountant and wants to move back into equity research. Does he stand much of a chance in the current market? EDUCATION Major university in California BS Management Science Concentration: Economics & Finance [...]
Ratings agencies: stable careers, slow recruitment
They’ve been much maligned for their role in the global financial crisis and they aren’t in a rush to recruit new talent either, but at least Standard & Poor’s, Moody’s and Fitch Ratings can still all provide stable career paths. The agencies refused to comment on their hiring in Australia, but recruiters with knowledge of [...]
Rise in ECM isn’t creating many jobs
Australian equity capital markets activity is increasing, but the employment market for ECM bankers hasn’t quite caught up. Foreign i-banks still prefer redeployment to recruitment, leaving local and boutiques firms to carry out small-scale hiring. Australian companies have raised US$21bn in equity so far this year, making it the world’s third-biggest equity capital market behind [...]
CLSA expands Sydney staff
Asia-Pacific brokerage CLSA is doing what most firms can only dream about: ramping up headcount. With plenty of professionals either out of work, or worried about their present positions, CLSA is trying to poach talent during the turmoil. The firm aims to triple Sydney staffing levels from eight to 24 by the end of the [...]
Lehman and hedgies still hiring equity researchers
Compared to hiring for sales and trading positions, equity research jobs appear relatively unaffected by the crunch: banks and hedge funds are still busy hiring in the area. Lehman Brothers has recently created the new role of head of equity research, Singapore and Southeast Asia, and poached Jit Soon Lim from Citigroup to fill it. [...]
Are Aussie brokers becoming corporate drones?
Working for a niche brokerage firm in Australia? Your days of independence look numbered as the chimes of consolidation ring round the brokerage industry. Southern Cross Equities’ recent sell-out to Bell Financial, which follows CMC Markets’ takeover of Andrew West, is another nail in the coffin for standalone brokerages in Australia (Sydney Morning Herald). Other [...]
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