Sector: Operations

Nordea still likely to hire in the front office despite redundancies

It may sound grim, but Nordea’s move this week to cut 2,000 jobs from its workforce may not materially affect the bank’s appetite to take on higher level and talented bankers, according to industry observers. The bank on Monday said it intended this year and next to reduce its headcount by 2,000, from its global [...]

By Nic Paton, 30 August 2011 • 0 comments

Nordic firms remain optimistic despite growing international storm

With job cuts and hiring freezes coming out of the UK market, sentiment has turned rather frosty. In the global world of financial services, the happenings in the City have implications for the Nordic market. Nordic banks will need to be taking this, and recent signs of further weakness in the US economy, seriously, but [...]

By Nic Paton, 7 October 2010 • 0 comments

Why do ‘old’ people work in the back office?

Ok, early 40s isn’t exactly an age at which you’re likely be reaching for the Zimmer frame and the denture adhesive, but it’s fairly antiquated when you consider that the average front-office banker is probably 15 years younger. Research from the Observatoire des métiers de la banque, a French organisation with affiliation to local unions, [...]

By eFinancialCareers UK, 27 May 2008 • 18 comments