IE
Sector: Equities
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 [...]
Why more front offices roles are coming to Ireland
Irish financial services professionals may have one reason to thank the recession – the cheaper cost of business is attracting some international firms, which are creating front office jobs. Cantor Fitzgerald, the brokerage firm, is on the cusp of acquiring an as yet unnamed brokerage firm in Ireland as part of its equity trading expansion, [...]
Merrion recruitment spree gives hope to Ireland’s stockbrokers
Stockbrokers might be facing a distinctly chilly hiring environment, but they’ll be warmed by the news that an Icelandic firm is looking to expand its Irish operation. Merrion Landsbanki, which is 84% owned by Icelandic banking behemoth Landsbanki, is viewing the recent spate of redundancies within Irish stockbroking firms as an opportunity to hook some [...]
The shrinking options for Ireland’s stockbrokers
Ireland’s stock brokers are facing the triple whammy of redundancies, recruitment freezes and shrinking pay. Last week Davy, the country’s largest stockbroker, announced it was making 75 redundancies, while NCB Stockbrokers recently cut 10 from its team of 180. Other major players are understood to be holding fire, but enacting recruitment freezes. In January last [...]
Equity research pay soars to lure global talent
Equity research analyst salaries in Ireland have surged by up to 23% this year. But, calm yourselves – it’s an effort to attract foreign candidates. On the face of it, the latest salary survey by recruiters Hudson shows 2007-08 to be a good year for equity research analysts. Salaries have risen from €65k to €80k [...]
Front office roles flock to Dublin
Dublin is fast emerging as a prime location for front office jobs, and is shooting up the global financial centre ranking tables. The latest Global Financial Centres Index (GFCI) shows the Irish capital is finding its feet on the global stage. In this survey, Dublin was ranked 13th, up from 15th in the previous study [...]
Equity analysts in the money
The latest salary survey from recruitment agency Robert Waters suggests Dublin’s equity analysts generally start out on a basic salary of €30k – which rises quickly once they get experience under their belt. Analysts at asset managers can command €44k after three years, and tend to break through the €65k market after five years. After [...]
Days of deferred bonuses numbered?
The recent case involving Davy Stockbrokers may spell the end of deferred bonuses in Ireland. Eamon Finnegan, a former equity dealer, took Davy to court (and won) over its failure to fork out over €260k in unpaid bonuses. The judge deemed that the true purpose of the bonuses was to create a financial restraint preventing [...]
Capital markets professionals wanted!
Demand for staff to service Ireland’s equity capital markets is buoyant and looks set to stay that way. “I would expect 2007 to be consistent with last year,” says Colin McGhee, a director at financial recruitment agency Paragon Search. “The market is globalising so there is an increase in cross-border listings and more competition between [...]
Guest comment: The CFA charter is the gold standard
John Bowman, CFA head of educational products tells us why having ‘Chartered Financial Analyst’ (CFA) after your name will make all the difference to your career. While supervising the examination in Los Angeles last Saturday, it struck me how much growth the CFA Program has experienced in the last decade. Over 126,000 candidates in more [...]
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