CA
Sector: Commodities
Packing up for a Job in the EU? Look Before You Leap
Considering a post in the EU? Make sure to get the deal in writing and any signing bonuses you can. Coming updates to MiFID as well as other EU regulatory measures are sure to impact investment bankers, and many are waiting to see what the changes will mean to the market. Increased and more stringent [...]
Energy Traders Face Rocky Road, On and Off the Street
If you’re an energy trader, it’s a safe bet that you’re a bit worried about your job. Overall, due to tech and the big players taking over, there’s fewer jobs. Plus, the Commodity Futures Trading Commission is just about ready to announce position limits for physical commodity derivatives as mandated by Dodd-Frank. That, and expected [...]
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, [...]
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 [...]
Big Banks’ Bonuses Tracking 18 Percent Rise
Like their Wall Street counterparts, Canada’s bankers are in line for bigger bonus checks this year than in 2008, corporate filings indicate. Incentive pay among the six largest Canadian banks totaled $6.4 billion for the first nine months of this year, up 18 percent from the same period last year, the Globe and Mail reports [...]
HSBC Grabs Citi Banker
HSBC Securities hired Evan Hazell, a top energy investment banker, to be a managing director in its Calgary office, reports the Globe and Mail. Hazell leaves Citigroup, which had scaled back plans to expand its energy coverage because of the credit crisis. Before joining Citi, Hazell worked at Harrison Lovegrove, an advisory firm specializing in [...]
Deutsche Hires Canada Commodities Chief
Deutsche Bank Securities said it hired Derek Davies from UBS as head of Canadian commodities in Deutsche’s global markets division. Based in Calgary, Alberta, he’ll lead a unit that provides Canadian clients with access to the bank’s global commodities business. Davies reports to Tim Sullivan, head of commodities sales and origination in North America. Davies’ [...]
Canadian Interest in CFA Soars
The ranks of Charter Financial Analysts in Canada are growing. More than 9,990 are registered to take the CFA exam in June, up 68 percent from 5,914 in 2006. Bob Johnson, deputy chief executive of the non-profit CFA Institute, says that’s a sign of growing interest in the certification by employers, and the greater availability [...]
Thomas Weisel to Cut 13 Percent of Workforce
Boutique investment bank Thomas Weisel Partners Group plans to reduce its workforce by 13 percent “over the next couple of weeks.” In releasing its first-quarter results, the San Francisco firm said these reductions, combined with job cuts made earlier in the year, will total 160 employees. That will leave the firm with a staff of [...]
Wellington West Hires in Agriculture, Metals
Winnipeg-based Wellington West added a special-situations investment banker to focus on agriculture companies, and a mining analyst to cover base metals. Steve Burleton joined Wellington’s capital markets team in Toronto, according to the Globe and Mail’s Streetwise blog. He spent the past 17 years at Scotia Capital and Nesbitt Burns. The firm opened an agribusiness-focused [...]
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