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Want to work for Brevan Howard? It looks quite unlikely in London
Brevan Howard is hiring – in Hong Kong. It’s just announced the appearance of David Adams, former head of rates trading at Morgan Stanley in Australia. Not long ago, it hired Farouk Juma, a former prop trader at UBS in Singapore. In London, meanwhile, enthusiasm for recruiting appears to have abated. Last March, Nagi [...]
Lunchtime Links: Be warned – 56% of people in the UK support a tax of 75% on incomes over £1m
British papers are replete with stories of French bankers escaping high tax rates and emigrating to the UK, and French bankers in London are praising the UK for its measured approach to taxation. However, the sense of schadenfreude may be a little premature. However, the New Statesman points out today that Francois Hollande’s policies are [...]
What employers want from you in an interview
It’s the most stressful part of the job seeking process: the interview. When you are fortunate enough to have your job search reach that level, there is at last a face to contend with. To help you succeed in the tete-a-tete, understanding what goes through the interviewer’s mind may help you land that next position. [...]
Optimism about summer hiring is being supplanted by fear that the Olympics will stifle financial services recruitment altogether
Once, a few months ago, recruiters we spoke to were quite optimistic that hiring might pick up as the year progressed. However, that was before Alexis Tsipras, a disappointing May, and Kian Abouhossein’s realisation that maybe revenues won’t be massively increasing in FICC after all. In the new reality, London’s financial services recruiters are alert [...]
Lunchtime Links: Man quits high frequency trading citing soul-erosion, starts storytelling website
Dave Lauer, a former high frequency trader, has seen the light and is quite evangelical about it. ”I read Ayn Rand and subscribed to her idea that your worth to society is perfectly measured by the amount of money you earn,” he tells US site Marketplace. ”I followed the path of least resistance and with degrees in computer [...]
Third year economics student at York University explains how she converted her equity research internship into a job offer from Goldman Sachs
What does it take to get a graduate job in equity research at Goldman Sachs? We’ve already looked at what equity research at Goldman Sachs involves, but if you want to know about succeeding in the recruitment process, Katherine Chan, a third year economics student at York University (with a graduate offer of an equity [...]
Nightmare for junior corporate financiers with private equity aspirations: banks are identifying and pre-emptively sacking them
There’s one thing worse than being an analyst or 1st year associate spending your every waking hour on pitchbooks, and that’s being an analyst or associate spending your every waking hour on pitchbooks whilst trying to time for interviewing with private equity funds. Recruiters working with private equity funds in London say there’s a lot [...]
GUEST COMMENT: I am not overqualified, I am over 40
When I was made redundant from my job as a middle office manager with a leading asset management company a few years ago, I didn’t envisage I’d have any problems finding an alternative position. After all, I had nearly 20 years’ experience within the investment business, many of them in a managerial and training capacity. [...]
Merrill Lynch International made an operating loss of $268m last year, increased headcount 30%, and paid its average employee $488k
Merrill Lynch International, the London-based business of what was once known as Merrill Lynch before it was subsumed into Bank of America, has released its results for the year to December 2011. They show some considerable hiring. Merrill Lynch International started the year with 2,600 people and ended it with 3,390 – an increase of [...]
Late Lunchtime Links: The EU has come up with ambitious proposals for a financial transaction tax, which will seemingly bring big benefits to London
The European Union’s Financial Transaction Tax is becoming more of a reality and less of a fanciful fantasy. The European Parliament voted today in favour of implementing a tax based upon both an “issuance principle” and a “residence principle.” Under the issuance principle, even financial institutions located outside the EU will pay the tax when [...]
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