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The seven mental disorders most prevalent in financial services
Financial services professionals are under pressure. In an environment where bankers are vilified, job prospects are increasingly limited and the prospect of redundancy looms large, mental health issues are becoming ever more common in the financial sector. In fact, according to research released this week from Legal & General, depression and anxiety in the financial […]
Eight Ways to Maximize Your Relationships with Financial Recruiters
Financial services recruiters can be a great resource, but if you don’t pick the right ones or fail to work with them strategically, you’ll end banging your head against a wall and going home jobless. Here are some hints from recruiters themselves on how to get the most out of the relationship and make the […]
Ageism as longest serving traders and salespeople leave Barclays?
True to its promise to disproportionately target its most senior staff for layoffs, it seems Barclays has been clearing out long serving rates traders and salespeople. “Barclays let go of a whole raft of senior people from its rates desk,” said one London-based headhunter, speaking on condition of anonymity. “They were mostly people who’d worked […]
Late Lunchtime Links: EU to go after bankers earning more than £420k; how to succeed in M&A at J.P. Morgan
Bad news for any European bankers who are earning huge amounts of money but had hoped to sidestep the European Union’s bonus cap by claiming they weren’t ‘regulated employees’: the EU’s definition of regulated employees has just been expanded. The Financial Times reports that the EU has broadened the category of regulated employees to include anyone earning […]
How to Get a Job in Wealth Management at Goldman Sachs
In late 2009, Goldman Sachs Chief Executive Lloyd Blankfein planted the company flag in a sector that wasn’t the firm’s main focus: wealth management. “That should be bigger than it is,” he said of the unit at the time. Goldman has been methodically adding people since, and has been crawling up the rankings. Goldman’s wealth […]
Outrage as senior trader let go after a tiny $10m-$25m loss
In a sign that French banks are becoming extraordinarily risk averse, BNP Paribas is said to have let go of a senior trader after a loss that would barely merit a mention at rival banks. The Financial Times says that Lionel Crassier, the former head of U.S. equities for BNP Paribas, has left the French bank after […]
Sneak Attack Blinds J.P. Morgan Shareholders Ahead of Dimon Vote
A firm you have probably never heard of, which does a job you probably didn’t think was necessary, may have just boosted J.P. Morgan Chief Executive Jamie Dimon’s chances of holding on to his role of chairman. New York-based Broadridge has, what is on the surface, a rather minor role in proxy decisions. It tallies […]
Six ways multinationals can nurture Singaporean talent
Global companies in Singapore with aggressive ambitions for Asia have started ramping up internal programmes to advance the skills and experience of nationals. Success in Asia is increasingly being linked to the visible diversity of top executive leadership – and international banks have responded accordingly. The Tripartite Alliance for Fair Employment Practices (Tafep) recently published […]
Fearful of returning to France, French bankers sit it out in South Kensington
Things are not going well in France. Michael Hintze, founder of hedge fund CQS, has pointed to a recent spate of car burning as a leading indicator of French social unrest. A report from the Pew Research Center found that the French were particularly dispirited within Europe: 91% of them say their economy is doing […]
Late Lunchtime Links: Can Morgan Stanley fixed income bankers trust Gorman when he says their jobs are safe?
Morgan Stanley’s fixed income bankers have nothing to fear. Despite presiding over the worst performance of any major bank in fixed income sales and trading in the first quarter (a 44% year-on-year decline), they will not be losing their jobs: James Gorman is perfectly happy with them. So said Gorman at a fixed income investor […]
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