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. [...]
Q&A with an anonymous senior fund manager: Is fund management really such a well paid, stress-free career:
Q: Let’s get right down to business. We’ve already heard the juicy bits of your escape from the back office – now we’d like to step into your shoes. So what do you actually do as a fund manager? How do you invest? A: It really depends. The industry encompasses so many different methods of [...]
Q&A: The head of Hymans Robertson in Edinburgh explains what it takes to become an actuary
You need to show you can adapt to change if you want to impress Martin Potter, head of the Edinburgh office of independent actuarial consultancy Hymans Robertson. Potter, who came to Hymans via a stint in Trinidad, set up the Edinburgh office in 2009 and interviewed most of the 40 people it now employs. Hymans [...]
GUEST COMMENT: CFA – never again…
You remember that scene in I-Robot where Will Smith chases “Sonny the killer robot” into a warehouse of 1,000 look-alike robots waiting in rows? You do? You now understand the vista at London’s Excel centre on CFA exam day. To continue this metaphor, you might recall that the 1,000 “ordinary robots” were mindless automatons, with [...]
This is the new man implicated in JPMorgan’s loss. This is the risk manager who’s going to rectify the problem. These are the fears for JPMorgan’s bonuses
Heads will roll. Bloomberg reports this morning that the entire London staff of JPMorgan’s chief investment office (CIO), numbering ‘several dozen’ are at risk of dismissal. Bonuses in London will fall, maybe by 50%. Seal Team 6 risk managers have been summoned to sort out the mess. Things at JPMorgan Europe are going to be [...]
Late Lunchtime Links: Banks’ HR staff offer insights into Ina Drew, the frighteningly intelligent head of JPMorgan’s chief investment office
Bloomberg has an interesting piece on Ina Drew, the $14m a year 55 year old incredibly successful Wall Street woman you hadn’t previously heard of. Drew is head of JPMorgan’s chief investment office. She’s worked for JPMorgan (or its forebears) for 30 years and has been head of the chief investment office since February 2005. [...]
GUEST COMMENT: The problem is, it’s too frightening to resign from a financial services job
If you still have a job in the City then you have something in common with the great novelist, Fyodor Dostoyevsky. In 1849, the writer was about to be shot by a firing squad for dissent when, at the last moment, he was pardoned by the Czar. Living with the threat of layoffs is like [...]
Q&A: The Russian chief executive of a $100m hedge fund says if you really want to make it, you need to work for yourself
We spoke to Slava Rabinovich, CEO of Moscow-based Diamond Age Capital Advisors, a hedge fund with $105m under management. This is what he told us about his career, and life in general. How did you come to work in the Russian hedge fund sector? In 1996, I was about to graduate from the Stern School [...]
Q&A: Mike Connarty, director of international investments at Standard Life, advocates learning Mandarin if you want to get ahead
Mike Connarty is based in Edinburgh but he’s an international figure in financial services. As director of international investments, Mike manages Standard Life’s fast-growing joint venture investments in India and China. If you want to work for him, you’ll need a genuinely international outlook – and ideally the capacity to speak Mandarin. Q: How long [...]
GUEST COMMENT: As a junior corporate financier I am spending my life tweaking PowerPoint presentations
Many young undergraduates harbour dreams of becoming an investment banker when they finish university, but few know what the job entails. Those who know the reality have probably done an internship in the sector, be it in ECM, DCM or M&A. Some of these people have continued to bite the bullet and become full-fledged analysts, [...]
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