Sector: Capital markets

RBC Remains Among Those Banks Committed To Lower Manhattan Post 9-11

During a month when New Yorkers are acutely remembering the attacks of September 11, 2001 and its impact on the Wall Street area’s business population, it’s interesting to hear a Canadian bank assert its allegiance to the downtown financial district-even one as prodigious as the capital markets arm of the Royal Bank of Canada. “Long [...]

By Janet Aschkenasy, September 7 2011 • 0 Comments

Southeastern U.S. Fears Fallout from RBC Bank Sale

Up until very recently, the U.S. retail banking operations of Toronto-based Royal Bank of Canada were struggling, but still hiring. Now, it’s hard to tell where way the Raleigh, North Carolina-based unit and its workforce might be headed, particularly given speculation over an impending sale. Raleigh, N.C.-based RBC Bank, a wholly owned RBC subsidiary, operates [...]

By Janet Aschkenasy, June 2 2011 • 0 Comments

CIBC Pumps Up Prime Services Muscle With Accelerated Hiring

Having closed out a profitable year for its investment banking unit, Canadian Imperial Bank of Commerce’s wholesale banking arm is seeking new hires for prime brokerage and other securities segments. The company’s wholesale banking arm – servicing corporate, government and institutional clients – has been steadily adding bench strength in some of its capital markets [...]

By Janet Aschkenasy, February 1 2011 • 0 Comments

Bonus Growth Slows at Big Six

What kind of bonus increase is 1.1 percent? The kind Canada’s six top banks are seen paying their employees, on average, for 2010. The most generous packages this year are the Canadian Imperial Bank of Commerce, the nation’s No. 5 bank, which boosted bonus payouts 11 percent for the year to C$1.1 billion. CIBC, which [...]

By Janet Aschkenasy, January 4 2011 • 0 Comments

Controllers Could See Major Pay Increases Next Year

Canadian employers are increasingly hiring corporate controllers and IT experts, according to Robert Half’s 2011 Accounting & Finance salary guide. On the IT side, advanced knowledge of company-specific planning systems will be well-rewarded, the survey says. Also sought is expertise with regulatory compliance and financial reporting. Some of the biggest starting-salary increases between will be [...]

By Janet Aschkenasy, October 28 2010 • 0 Comments

Investment Banking May Soon Require a New Set of Skills

In the midst of a sea change in investment banking, we could well see a new breed of M&A banker. Being a deal maker will no longer be enough. The key to landing a job in M&A will be the ability to roll with the changes. Some key attributes of that new banker: Well-Rounded: Its [...]

By Scott Krady, October 20 2010 • 0 Comments

BNY Mellon Going Global?

Bankers and hedge fund managers looking at opportunities at global banks may want to consider BNY Mellon. The bank may be on the cusp of joining the big boys. With talk that it may acquire British hedge fund manager Man Group, the firm that historically operated east of the Mississippi could soon go global. BNY [...]

By Scott Krady, October 11 2010 • 0 Comments

Wealth Management Boom to Draw Talent in Canada

Led by growth in wealth management, Canada is becoming a home to top talent. So says research by Aon Consulting, which ranked 90 cities globally based on demographics, education and other criteria. Toronto was named the best city in the world for employers, with Montreal placing fifth. Rankings were made based on the risks associated [...]

By Scott Krady, September 29 2010 • 0 Comments

JPMorgan Adding Energy Bankers in Calgary Amid Wider Push Into Resources Sector

JPMorgan’s expansion in natural resources banking is spurring hires of energy and mining bankers in Canada, with more to come. David Harrison, newly hired from UBS where he headed energy investment banking, will lead the buildout of an energy banking franchise for JPMorgan in Calgary. He reports to Adam Howard, head of Canadian investment banking, [...]

By Jon Jacobs, April 13 2010 • 0 Comments

Share-Based Pay Lifts Total Compensation at Scotiabank

Deferring compensation is working out nicely for staff at Scotiabank if the January quarter is any indication. While a new incentive plan multiplied stock-based pay, the total for salaries and other cash compensation also rose for the investment banking unit’s 1,568 employees and dipped just slightly for the company overall. In a table accompanying its [...]

By eFinancialCareers News, March 10 2010 • 0 Comments