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All this sniffing around RBS’s equities business is inhibiting people’s chances of re-employment. Meanwhile: redundancies are revving up in credit
Who’s buying RBS’s equities business? The Telegraph reported today that, “all of the units up for sale had received indicative offers from potential buyers,” and that, “interest is understood to come from a range of Asian, US and Australian financial institutions, as well as at least one London-based independent broker.” Which are these institutions and [...]
This is what Gary Cohn (of Goldman Sachs) and Jamie Dimon (of JPMorgan) are saying now about hiring, firing and pay
As you may be aware, Gary Cohn, COO of Goldman Sachs gave a long and important interview to the Sunday Telegraph yesterday. Equally, Jamie Dimon spoke during the conference call accompanying JPMorgan’s results last week. For those of you unfamiliar with either man’s pronouncements and in the interest of quick and easy accessibility, we’ve summarized [...]
A Q&A with the COO of FCA, the seeding business of FRM Capital Advisors, on what it will take to get your hedge fund seeded by them this year
Last week, hedge fund research and investment specialist Financial Risk Management (FRM) and Deutsche Bank, announced the formation of a new hedge fund seeding platform. We asked Patric de Gentile-Williams, COO of FRM’s seeding business, FCA, what kinds of fund they envisage investing in. Here’s the full interview: Q: How many hedge funds you [...]
DAVID CHARTERS: I advocate that banks begin publishing details of their pay
Imagine how investment banking would work if not just board level people and a token handful of the highest earners had their pay disclosed, but everyone did, at least in any rump of an organisation where the taxpayer might ultimately foot the bill if things go wrong. At every bank, everyone would know what everyone [...]
An interview with Robert Walters, chief executive of Robert Walters
What will 2012 hold for financial services hiring? Is RBS a precursor for disaster elsewhere? Will hiring in Asia really go the way of hiring in Europe? We asked Robert Walters, chief executive of the eponymous recruitment firm. This is what he said: Q: Is 2012 going to be a bad year for financial services [...]
This year’s bonus is keeping your job
The big Nordic banks may be relatively well placed to ride out the eurozone waves battering some of their European counterparts but, it is very clear, they do not operate in a vacuum, and so bonuses this year are expected to remain tightly screwed down. The sentiment emerging from Nordic banks in the final quarter [...]
ELI LEDERMAN: The end of rewarding careers in finance? Not so fast
For a generation now, jobs in finance have topped the wish lists of young people at universities around the world. When word spread that financial firms would visit campus on recruiting missions, eager applicants jostled to secure coveted interview slots. Perceived as wealth-creation machines that stamped tickets to some lavish lifestyle, the global investment banks, [...]
This time next week, Goldman bankers should know their numbers: the bonus calendar for 2012
This time next week, bankers at Goldman Sachs should know their bonuses for 2011. Morgan Stanley will follow shortly after. Everywhere else will come after that. Here’s the bonus announcement and payment schedule for the next few months – as we understand it (feel free to suggest amendments if you disagree). Goldman Sachs Goldman Sachs [...]
Not 4,000, not 5,000, not 9,000, but 10,000: the ever-increasing number of redundancies at RBS. And what it means for you
Six months ago, there was no intimation that RBS would be eviscerating its investment bank. Last June, John Hourican, CEO of Global Banking and Markets, made a presentation at the Deutsche Bank Financial Services Conference. There, among other he things, he: – said RBS was a flow engine with leadership in fixed income and an [...]
Our predictions for Nordic region financial services hiring in 2012
Want to know where the jobs will and won’t be in the Nordics next year? Here’s our considered opinion… 2012 will be a good year for… 1) Private equity Nordic private equity firms experienced a buoyant 2011, with the Swedish Private Equity and Venture Capital Association in September pointing to record levels of buyout investments, [...]
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