IE
Company: BNP
Why BarCap’s rate cuts will produce a domino effect
Until recently, the IT contractor 10% rate cuts had largely confined to a handful of investment banks which were retrenching in the UK anyway. Now, however, BarCap’s decision to slash contractor pay could prove to be the tipping point for universal rate cuts. From 5 December, BarCap (and Barclays Wealth) will cut rates by 10% [...]
Don’t panic: Northern Trust may be cutting, but there are still plenty of funds jobs
Northern Trust’s decision to axe 220 jobs in Dublin as a result its acquisition of Bank of Ireland Securities Services (BOISS) in February is unfortunate, but those taking redundancy will find no shortage of other job opportunities. The redundancies at Northern Trust are down to duplication of roles after the firm completed the BOISS acquisition [...]
Reasons to believe quants are becoming the new hot property in Dublin
BNY Mellon’s decision to create 50 new funds jobs in Dublin is reflective of a wider recruitment trend in the sector around the pricing and clearing of derivative products. The likes of BNY Mellon, HSBC, State Street and BNP Paribas are all creating asset servicing jobs around derivative products, according to various recruitment sources. In [...]
Why corporate bankers in Ireland are receiving pay rises
It hasn’t been a great couple of years for corporate bankers in Ireland, what with redundancies, pay cuts and the whole finger-pointed-for-the-country’s-economic-meltdown thing. But their situation is starting to look up. Salaries for commercial and corporate bankers have actually increased over the course of 2010, on the back of greater demand for their services. The [...]
A steady stream of corporate banking recruitment emerging again
It’s a slightly surprising development to say the least, but both domestic and European banks have been among the most active recruiters within their commercial and corporate divisions over the last three months. The latest recruitment snap-shot into the Irish financial services sector by Robert Walters pointed to healthy levels of hiring “predominantly in commercial/corporate [...]
Everybody now wants to work for an international bank
Ireland’s domestic banks may be on the cusp of further redundancies, but the corporate banking teams of international firms are steadily growing – and candidates are clamouring for the opportunities. If the hype is to be believed, there are many reasons for optimism around employment prospects within international banks based in Ireland. For a start, [...]
All the most salient facts regarding the stress tests
Our poll indicates that you don’t rate the European stress tests. 40% of people who’ve responded to date think they were pointless piffle; the remainder think they were too lenient to be meaningful. The markets may agree. Even though German banks came out surprisingly well, Deutsche’s share price plummeted this morning, partly thanks to its [...]
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, [...]
Job wrap: Heavyweights bow out, banks expand
Derek Walker, chairman of Morgan Stanley Europe, and Sir John Bond, chairman of HSBC, announced their retirements last week. Walker, who will stay on as a senior advisor, was replaced by Jonathan Chenevix-Trench, chairman of Morgan Stanley’s institutional securities business and of the European management committee. Sir John Bond announced he will retire as HSBC [...]
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