FI
Young, Swedish and in charge…
A Nordic private equity firm has appointed one of the youngest chief executives in the European buyout industry, in another example of the region’s propensity to fast-track talented young individuals up the ranks. Niklas Sloutski, 34, has become chief executive of Swedish mid-market firm Accent Equity Partners, replacing 59-year-old founder Jan Ohlsson, who is himself [...]
Things are better, but Nordic banks still cautious about hiring
First quarter figures for the Nordic region’s banks over the past few weeks have suggested that the worst of the financial crisis may now be over, and there are clear signs this optimism is filtering through into the jobs market. But the crisis in the eurozone could yet put a spanner in the works, warn [...]
GUEST COMMENT: Financial services careers are nothing but a ponzi scheme
The headlines are deafening – Goldman Sachs has committed massive fraud, Jamie Dimon’s JPMorgan bought Washington Mutual on the cheap because he belongs to a secret cabal of politicians and Wall St bankers, and Stanford and Madoff stole money from old ladies under the regulators’ noses. And yet, every day, juniors at investment banks participate [...]
Bankers’ pay under scrutiny in South Africa
Angry investors and furious shareholders criticising excessive bankers’ bonuses, tut-tutting ministers threatening curbs on remuneration. Until recently this was a British scenario, observed with some detachment by South Africa’s financial services sector, comfortable with its track record of moderation and its reputation for responsibility. Now the ‘contagion’ seems to have spread and the country’s banking [...]
GUEST COMMENT: How to cope with counter offers
The counter offer can be a nightmare for everyone concerned: candidates, recruiters and employers. So how should you decide if you should stay or go? The counter offer is reactive If you strip off the emotions and set aside the tangible components of the counter offer, it becomes plain that it is a defensive strategy [...]
Danske set for IT hiring spree
IT professionals watch out – Danske Bank is undertaking an “extraordinarily large” technology investment programme this year and next, with the bank feeling confident enough to catch up after the postponement of many projects. The initiative was revealed despite Danske this week posting first quarter figures showing a more than halving in net profits, to [...]
THE VETERAN: Facing up to Face Time
One of my favourite quotes is film director Woody Allen’s line, “80% of success is showing up.” But once you show up, how long do you need to stick around when it comes to your workplace? The perennial question of “face time” (i.e., extra time spent at work beyond normal working hours, especially to impress [...]
GUEST COMMENT: You’re better off approaching your goals in a roundabout fashion
Where do you want to be in 10 years’ time? Do you want to be a managing director at a ‘top tier’ bank, bringing home million dollar bonuses? If so, making this your explicit aim may not be the best way of achieving it. For many of the most successful business leaders, the explicit aim [...]
GUEST COMMENT: Investment banking vs management consulting (take II)
I love investment banking, and was a banker in a previous life, so I’m not about to embark on a spree of banker-bashing. I enjoyed and relished every moment of investment banking (I’m not being sarcastic here): the long hours, the tight deadlines, the arrogance, the shallowness, and even the odd maniac director (who obviously [...]
Private banking, asset management and risk shine in Q1
Asset managers, private bankers and compliance and risk specialists can all look forward to being in demand this year, if the latest clutch of first quarter results of the big Nordic banks are anything to go by. Q1 results for January to March have been just released by Nordea, Swedbank, SEB and Handelsbanken and show [...]
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