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Tag: Investment bank
Ulster Bank is still building its headcount, but can it last?
Royal Bank of Scotland has published its gargantuan Q3 results report this morning and, as has been the case for some time now, Ulster Bank remains in the red. It slipped to a 219m loss in the third quarter, down from 176m in the red during the same period in 2010, and has posted a [...]
Five simple CV tweaks to make investment ops professionals more desirable to recruiters
Investment operations firms are hiring again, and people working in this sector have voluminous job opportunities within large firms in both Glasgow and Edinburgh. However, to assume that the sector is back to the job-hopping days of 2007, when skills were short and pay rises were frequent, would be wrong. Employers are still being fastidious [...]
All this advisory work, and no one in Ireland to take advantage of it
One of the upsides of all the restructuring and capital raising within the Irish banking sector is the lucrative advisory fees on offer, which could potentially spur a raft of front office hiring within the local corporate finance firms. Unfortunately, though, the benefits of this are largely being felt overseas. In the last week alone, [...]
Shake-up or break-up? Political parties’ plans for the Irish banking sector
While most of the political parties have been forthright in their opinions on how shake-up the banking sector during this general election campaign, much of the rhetoric has been about how the changes will benefit Irish taxpayer. But there are also plans from the various parties that could potentially have an impact on the lives [...]
Why Ireland’s financial services industry may soon be thanking Obama
Whisper it, but there’s a chance that Ireland’s financial services industry should be slightly thankful for Barack Obama’s rather populist hard-line stance. As a result of his crackdown on tax havens like Bermuda and the Cayman Islands, a slew of insurance and reinsurance firms are looking to move their legal domicile to Ireland. Now, his [...]
Ireland’s reliance on compliance
Irish financial firms are still scrambling for a limited pool of compliance staff, and salaries have surged over the last year. Thanks to the Re-Insurance Directive – fully implemented on 10 December 2007 – and to Ireland’s heavily regulated financial markets, demand for compliance staff soared last year as investment banks, fund administrators, global custodians [...]
Why the City of London is the place to be
Dublin may be booming, but if you’re young, highly-qualified and Irish, the big money is across the water. “Investment banks prefer Irish graduates to train in London rather than Dublin, because London experience counts when you’re competing with others who might have trained in the big US banks,” says Ben Deschampsneufs at London recruiters Selby [...]
It pays to work in Dublin
London may pay its financial services employees almost 38% more, but once rent and bills are paid Irish workers may be better off at the end of the month. And it’s all down to tax. A new survey by UBS investment bank shows that workers in Dublin have the third highest purchasing power in the [...]
Pay for derivatives documentation hires up
As investment banks commit to expanding their operations in Ireland, pay for employees is on the rise, especially for back office derivatives roles. “There is a lot of demand in Ireland as half of the top thirty investment banks have operations here, with many of them concentrated on the operational back office functions,” says Andrew [...]
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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