Sector: Corporate banking

Eoin-Blake

GUEST COMMENT: Irish financial services professionals need to get over their ‘safety first’ attitude

To say the least, Ireland has had it tough over the last three years. 2008 marked the start of the worst recession the country has ever seen and just when things look like improving, the eurozone is suddenly on the precipice. Understandably, therefore, the predominant emotion among many financial services professionals has been fear. Any [...]

By Eoin Blake, 13 October 2011 • 0 comments

Workout specialists are now receiving pay rises of up to 20%

Three years’ ago, if you were a corporate banker forced into a property loan workout role just to remain in employment you’d have probably considered yourself a little hard done by. Now, as a seasoned professional in this niche yet in demand area, you’re likely to be the subject of a bidding war. Pay is [...]

By Paul Clarke, 11 October 2011 • 0 comments
Paul-Clarke

EDITOR’S TAKE: Even bailed out banks need to pay more than €500k

To most people, the prospect of a €500k salary is the stuff of dreams. To an experienced chief executive of a large bank, it’s something of a derisory offer. AIB’s search for somebody to take over the helm has been going on for almost a year. David Hodgkinson has filling the void in the meantime [...]

By Paul Clarke, 29 September 2011 • 1 comment

A new wave of fear is impacting Irish financial services recruitment

Ireland’s domestic banks have their own problems, but the trading-related losses spurring redundancies in investment banks in Europe, Asia and the US should, in theory, seem a world away for most financial services professionals locally. Unfortunately, the international problems are starting to hit home. Recruitment in Ireland’s financial services industry is in the unfortunate position [...]

By Paul Clarke, 15 September 2011 • 0 comments

There is still a case for claiming deferred 2008 bonuses

Here’s a can of worms, allow us to open it for you: there may be a case for pursuing deferred bonuses from 2008 that the government has forbidden banks to pay. We’re sure most bankers in Ireland don’t need a reminder of the AIB bonus debacle that occurred in December last year, but here it [...]

By Paul Clarke, 25 August 2011 • 1 comment

If workout specialists are hot, manager level hires are hottest

It’s a sad irony, perhaps, that some of the roles most in demand within Ireland’s financial sector are directly related to salvaging the toxic assets that pulled the country into the current economic mire in the first place. Financial professionals employed to work out distressed property assets in Ireland have long-been hot property, but those [...]

By Paul Clarke, 23 August 2011 • 1 comment

The slightly unappealing jobs still coming out of Anglo

Anglo Irish Bank is making 350 redundancies, 130 of which will be in the Republic. To say this was always on the cards would be an understatement, but – despite the downsizing – there are still opportunities at the bank should you be interested A spokesperson for Anglo wasn’t able to provide us with any [...]

By Paul Clarke, 18 August 2011 • 2 comments

Proof that it’s much more lucrative to volunteer for redundancy early on

Now that the government has control of the purse strings, redundancy severance payments in the domestic banks are likely shrink. It’s questionable just how quickly this will happen, however. The Sunday Post this week claimed that the Department of Finance has demanded that all state supported banks reduce their severance package to around three or [...]

By Paul Clarke, 16 August 2011 • 3 comments

Capital markets is Bank of Ireland’s most profitable division, but it’s also seen most staff depart

Irish banks have struggled to both pay and retain people working within their capital markets divisions, despite the fact that they remain relatively profitable. Bank of Ireland’s interim results demonstrate this trend. At the end of June, there were 1,105 people working in BoI’s capital markets division. This is a reduction of 291since this point [...]

By Paul Clarke, 10 August 2011 • 1 comment

Ulster Bank has hired 100 people so far this year

Royal Bank of Scotland has reported its interim results this morning and its Irish subsidiary, Ulster Bank, continues to be a drag on profitability. In its core unit, impairment losses on its property portfolio decreased to 269m (€309m) in the second quarter, down from 461m in Q1, but they rose to 977m in its non-core [...]

By Paul Clarke, 5 August 2011 • 0 comments