IE
Sector: Debt / Fixed Income
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 [...]
There are STILL opportunities at Anglo
Kick-starting what has already been dubbed ‘Black Thursday’ before the results of the stress tests have been published is Anglo Irish Bank, which confirmed a €17.7bn loss for 2010. In amongst its 180-page annual report are, obviously, slightly disconcerting statements related to job prospects. Headcount is down by 16% year-on-year after the redundancies in early [...]
Why fixed income is now a very good place to work
With both government and corporate bond issuance surging in Ireland this year, fixed income is fast becoming an attractive place to work. What’s more, stockbroking firms are bolstering their teams in a bid to capitalise on the rush of new business. So far this year, the government has raised €23bn through treasury bonds issued by [...]
Irish banks want special servicers to chase bad loans
While the official line coming out of Ireland’s banks is that there’s an across the board recruitment freeze, it seems they may be making a few under the radar hires in order maximise recoveries on under-performing loans. The so-called ‘special servicing’ roles – where bank staff work with individuals and companies in order to modify [...]
Further woes for Irish property professionals
The slumping property sector claimed more jobs today as Irish Life & Permanent (IL&P) axed 70 people from its specialist buy-to-let mortgage lending business. This is the second round of redundancies for the IL&P unit, Capital Home Loans (CHL), which stopped writing new mortgages at the start of this year and axed 50 positions. Bob [...]
Sky-high salaries for aviation financing jobs
Aviation financing is clearly an area to earn (ahem) sky-high salaries. Over 1,000 people working in the industry in Ireland now take home an average of €110k. And recruitment is tipped to continue. A survey of the industry carried out by KPMG, on behalf of the Federation of Aerospace Enterprises of Ireland (FAEI), shows some [...]
Hiring on hold at Bank of Ireland?
At first sight, Bank of Ireland looks well placed to ride out the credit-crunch-induced downturn. Thanks to the cost-cutting programme initiated by chief exec Brian Goggin back in 2005, it’s been busy axing staff and cutting costs for the past four years. Emer Lang, a banking analyst with stockbrokers Davy, says BoI management are indeed [...]
Dublin financial services recruitment booming no more
The number of people employed in Ireland’s financial services industry now exceeds 25,000, but recruitment in the banking sector nearly ground to a halt last year. The banking sector increased its headcount by just 2.6% in 2007, or 289 appointments, according to the 2008 Finance Dublin Yearbook. This follows a bumper 2006 when nearly 3,000 [...]
Islamic finance jobs on the way?
Rather than “Good morning”, As-Sal-mu `Alaykum or “Peace be upon you,” may be the greeting you get when you call a bank in a few months. At present the 45,000 or so Muslims in Ireland have no access to Sharia-compliant financial products that forbid the payment of interest. Ali Selim, a theologian and secretary to [...]
Job cuts expected as property tumbles further
New research suggests slumping investments in commercial property will hit Irish banks so hard that they’ll now be forced to make redundancies. Research from Davy stockbrokers suggests the ‘golden age’ of commercial property is skidding to a halt, and that banks and developers are staring at a €30bn ‘black hole’. Davy estimates that commercial property [...]
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