JP
Company: UBS
Fly on the wall: Here’s what it’s like to be a graduate trainee at UBS
If you’ve ever wondered what it would be like to be a bright young thing being groomed for greater things at a global bank (read: graduate trainee) – wonder no more. Last week, eFinancialCareers sat in on part of a business dynamics course for 26 UBS graduate trainees from across Asia Pacific. All hail from [...]
Japanese recruitment bright spot alert: FX in Tokyo
UBS has made the news again, albeit for less shocking reasons than the rouge trading scandal or the resignation of its top bankers. The Swiss bank hired several executive directors for its foreign exchange desk in Tokyo. Toshimasa Fujii, formerly of Barclays Bank, is now head of e-commerce sales; John Shen-Nagakura from Société Générale has [...]
Mixed hiring fortunes for foreign banks in Japan
The report card for 10 major foreign banks in Japan in the last fiscal year (ending March 31) was quite a mixed bag and correspondingly, hiring plans for these firms have varied this year. Bloomberg reported last week that Morgan Stanley trounced its rivals, more than doubling its revenue to 80.5bn yen, allowing for a [...]
Three months on and recruitment in Tokyo is still slow
It’s been close to three months since the March 11 disaster in Japan. Much has happened since then, so we thought it timely to take stock of the country’s recruitment market in financial services. Recruiters are unanimous in declaring that new hiring has slowed down post-crisis as firms grapple with the double whammy of the [...]
Foreign bankers flee Tokyo for Singapore and Hong Kong. Japanese work on
Singapore and Hong Kong are the most popular Asian destinations as foreign bankers flee Tokyo. And rather than putting jobs in jeopardy, firms are accommodating individual, temporary requests to relocate. However, the main danger for employers is that some experienced expats may decide never to return, say headhunters. “With expats being encouraged to go home [...]
SocGen could be private bankers’ preferred destination in Japan
Societe Generale Private Banking Japan has announced plans to hire more than 10 people between now and the end of 2011. According to a report by Bloomberg, the positions will be predominantly for actual private bankers as the company expands from its current headcount of 120. But there could be difficulties for SocGen and other [...]
Can you really trust a Japanese bank when it says it’s expanding in Europe? What disaffected ex-Japanese bankers say
Japanese banks are hiring in London. Daiwa is hiring. Mizuho is hiring. Sumitomo Mitsui is hiring. Nomura is also still hiring too. But Japanese banks’ enthusiasm for expansion is viewed with cynicism by some of those in the market who say they are notorious for getting in, then getting out, then getting in again. “It’s [...]
Equity researchers: an endangered species
Equity researchers in Japan are rapidly becoming an endangered species. UBS and Citigroup are among the globals that have cut into their research teams, while HSBC has ditched equity research in Tokyo altogether. But the plight of the equity researcher doesn’t stop there. Equity researchers are being cut across all distressed securities houses and investment [...]
Tokyo techies search in SG and HK for jobs
With jobs drying up in Japan, more and more IT professionals are eyeing up vacancies elsewhere in Asia, with Singapore and Hong Kong heading their hit list. Matt Dunham, managing director at Singapore recruiters Confero, says in the last three months about a third of the foreigners his firm has placed in Singapore and Hong [...]
Would you take a passage to India?
Credit Suisse has unveiled plans to double staff numbers in India and isn’t the only bank upping staff numbers in the region – Swiss rival UBS is also looking to double its Indian headcount and the likes of Merrill Lynch and Citi are also building their business on the subcontinent. M&A deals in India are [...]
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