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Q&A: From senior banker to owner of an aesthetic clinic in London, former Russian banker Anna Saprykina explains her career path
Anna Saprykina is a self-made woman. From provincial Russia, she moved Moscow and started out as a personal assistant ten years ago. From there, she became Head of Credit of Structured Trade Finance at one of the major banks in the UK before opening her own business, and aesthetic clinic Body Silk and attracting an [...]
Incidentally, headhunters are warning of impending redundancies in FICC businesses
Now that FICC businesses aren’t going to be a big investment banking growth engine after all this year, it was probably only a matter of time before the oracles of FICC redundancies came out from their caves. And now they’re here. “Any hiring in FICC went very quiet a few weeks ago,” claims the head of one [...]
A retinue of depressing bullet points about investment banking compensation from McLagan, the secretive banking pay specialists
When McLagan speak about investment banking pay, it’s worth taking note. Compensation benchmarking specialists, they work with leading investment banks to help determine whether they’re paying people appropriately. McLagan’s findings are, usually, strictly confidential. Now, however, McLagan has participated in a study with the Association for Financial Markets in Europe. And the results are public. [...]
Evidence that Norway and Sweden has some very skilled traders
We’re a little late on this, but the emergence of the ‘Robin Hood’ day traders in Norway and Sweden, who managed to profit from the flaws in algorithmic trading programmes, reignites the old man versus machine debate. Trading floors of investment banks have, of course, been cut back to the bone because of the rise [...]
Nightmare for junior corporate financiers with private equity aspirations: banks are identifying and pre-emptively sacking them
There’s one thing worse than being an analyst or 1st year associate spending your every waking hour on pitchbooks, and that’s being an analyst or associate spending your every waking hour on pitchbooks whilst trying to time for interviewing with private equity funds. Recruiters working with private equity funds in London say there’s a lot [...]
GUEST COMMENT: I am not overqualified, I am over 40
When I was made redundant from my job as a middle office manager with a leading asset management company a few years ago, I didn’t envisage I’d have any problems finding an alternative position. After all, I had nearly 20 years’ experience within the investment business, many of them in a managerial and training capacity. [...]
Merrill Lynch International made an operating loss of $268m last year, increased headcount 30%, and paid its average employee $488k
Merrill Lynch International, the London-based business of what was once known as Merrill Lynch before it was subsumed into Bank of America, has released its results for the year to December 2011. They show some considerable hiring. Merrill Lynch International started the year with 2,600 people and ended it with 3,390 – an increase of [...]
Q&A with an anonymous senior fund manager: Is fund management really such a well paid, stress-free career:
Q: Let’s get right down to business. We’ve already heard the juicy bits of your escape from the back office – now we’d like to step into your shoes. So what do you actually do as a fund manager? How do you invest? A: It really depends. The industry encompasses so many different methods of [...]
Does Goldman Sachs need to hire some new salespeople and researchers?
Things are not what they used to be at Goldman Sachs. As we reported a few weeks ago, transformational changes are reportedly taking place there, changes which are mostly alleged to involve a big focus on electronic trading and quiet culling of superfluous salespeople and trading staff. However, a comment in Financial News today suggests [...]
If you work anywhere in investment banking, you should familiarise yourself with Stuart Gulliver’s vision of the future
Today is HSBC investor day. Stuart Gulliver made a presentation. So did Sean O’Sullivan (COO) and so did Ian McKay (CFO). You may think HSBC is no massive deal in investment banking. But this would be wrong. In the first quarter, net revenues in the investment bank were $5.6bn, versus $8bn at Citi, and $4.7bn [...]
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