Company: Citigroup

Q&A: Do you have what it takes to make it on to Citi’s fast-track graduate scheme?

Every year, Citigroup’s transaction services division scours local universities for students to take on to its Dubai-based graduate scheme. Unlike most graduate schemes, however, after two years candidates have the potential to be fast-tracked into an AVP position. We spoke to Sue Stevens, CAO Middle East at Citi Global Transaction Services, to find out what [...]

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Morgan Stanley and Oliver Wyman have produced their annual report on the state of the investment banking industry. This is what you need to know if you want your career to last

First there was the enormous report from JPMorgan on the state of the investment banking industry. Now we have another enormous report from Morgan Stanley and Oliver Wyman, also on the state of the investment banking industry. Morgan Stanley/Oliver Wyman’s report is an update of something they produce every year (last year they gave a [...]

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Financial professionals from Europe, the US and Asia are suddenly interested in the GCC

Remember late 2008 when, post-Lehman’s collapse, financials services professionals were suddenly viewing the seemingly sheltered Middle East as the place to be? Well, this may be wishful thinking, but there’s now a renewed interest in the region from those in Western markets. “From a candidate perspective, the Middle East financial centres have become much more [...]

Winners, or not

When accounting anomalies are stripped out, these are the banks – by business – that really performed in 2011

Jon Peace, an MD of banks research at Nomura, has kindly shared with us his clean figures on leading banks’ performance by business areas in 2011, with the effects of DVA stripped out. They provide a reliable indication of which banks’ businesses really outperformed in 2011 and which banks’ businesses really didn’t. There are some [...]

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Everything we know so far about bonuses and deferrals, bank-by-bank – UPDATED

Here’s another update to all previous articles on the state of bonuses, cash caps and deferrals on a bank-by-bank basis this year, here’s what we know now. Feel free to email us at Editor@eFinancialCareers.com or to leave a comment if you know additional details that we don’t. Barclays Capital Cash bonus cap? Yes. BarCap is [...]

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Everything we know so far about bonuses and deferrals, bank-by-bank

As a follow-up to our earlier article on the state of bonuses, cash caps and deferrals on a bank-by-bank basis this year, here’s what we know now. Feel free to email us at Editor@eFinancialCareers.com or to leave a comment if you know additional details that we don’t. Bank of America Cash bonus cap? Yes, but it [...]

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£4m at Goldman Sachs, £3.1m at Citigroup, £2.4m at JPMorgan, £2.4m at BarCap, £1.1m at RBS and new constraints on cash bonuses at Morgan Stanley

It is a morning of bonus news; some retrospective and some contemporary. In retrospective bonus news, various banks have been obliged to make regulatory filings clarifying how much they paid their code staff. These filings clarify to the extent to which some banks not only pay more than others, but pay a lot more cash [...]

Postmodernism

Everything you need to know about the quite optimistic CreditSights report on what’s coming for post-modern US banks this year

CreditSights, the independent credit-focused research company, has issued a giant two-part report on what’s coming for US banks in 2012. Naturally, it’s credit-focused. Surprisingly, it’s also quite optimistic and suggests positive implications for jobs in Europe (in comparison to a more gloomy report also issued by JPMorgan Cazenove). Here’s what you need to know: We [...]

Who is Izzat Dajani, Citigroup’s new chief executive for Qatar?

While a number of international investment banks appear to be pulling back from the Middle East, Citigroup has unveiled a key hire aimed at building out its business in Qatar. Izzat Dajani, who was previously working at Goldman Sachs in Dubai as head of key and priority clients, has joined Citigroup to lead its Qatar [...]

Even if banks aren’t moving out of Bahrain, a lot of bankers are

Bahrain’s banking sector has reason to be worried. While industry bodies play down an exodus of institutions from the kingdom, an increasing number of individuals are considering a move to Qatar or Dubai. The likes of BNP Paribas, Citigroup and HSBC lifted staff out of Bahrain during the height of the troubles, there’s a chance [...]