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Aberdeen’s Martin Gilbert admires Alex Ferguson, but he’s not following in his footsteps
Martin Gilbert, CEO of Aberdeen Asset Management, has been at the helm for 27 years, so the question of his retirement is one he’s often asked. Until recently, his response was to say that he’d step down when Alex Ferguson leaves Manchester United, but he’s been quick to back-track. “It was a terrible blunder to […]
Late Lunchtime Links: Where to find an equities job at SocGen, Nomura or Unicredit
The pain has probably not passed in equities. According to a report from Morgan Stanley and Oliver Wyman, there will be more redundancies in banks’ equities teams this year. As we noted this morning, Nomura laid off a lot of equity researchers in March (and then hired one of then back again). And yet, there’s […]
Ex-Merrill Lynch big hitter Crocker leaves Abu Dhabi Islamic Bank
Stuart Crocker, global head of private banking and wealth management at Abu Dhabi Islamic Bank and Merrill Lynch veteran, has left the bank, according to sources close to the situation. In the battle for the vast, and growing, pool of Middle Eastern wealth, regional private banks were supposed to be making a challenge to the […]
Equities upset at Nomura as laid off banker gets miraculously rehired
Nomura’s equities business has not been a happy place to be. As we were first to report in March, the Japanese bank cut around 20 senior equity research staff shortly before bonuses were due to be paid. Now, it seems one of them has been reinstated. Headhunters said Nick Coulter, a food retail analyst, who […]
Twenty five people who can get you a job in banking
If you want a job in banking, you will need to network. A failure to properly engage and to direct applications to named individuals is one reason why your attempts to land a job in banking may fail. With this in mind, we’ve provided a non-comprehensive, non-alphabetical, sort of off-the-cuff list of some of the […]
Late Lunchtime Links: Bankers excluded as Google convenes secret London ‘Zeitgeist’ meeting for new power brokers
If you’re one of the power-brokers in today’s world, you will know what is meant by ‘Zeitgeist at the Grove.’ If you’re not, you may think this is a fashion show in a leafy glade – in which case you would be very wrong. Yesterday was the start of Google’s annual two day ‘Zeitgeist’ meeting […]
Bankers advised to seek ‘toilet cleaner job descriptions’
If you work for an investment bank, you may feel that a grandiose job description is your due – particularly now that pay is being restricted by the likes of the European Union. However, bankers are being warned against seeking overly important job descriptions. If you’re a banker, it’s far better for your job to […]
The inexperienced 20-somethings every bank wants to hire
The life of an athlete isn’t always the glitz, glamour and huge pay days associated with football, the NFL and basketball. Many competing at an elite level do so in sports that offer little financial reward, but still require the same focus, commitment and sacrifice. Career planning can fall by the wayside, but financial services […]
Ageism as longest serving traders and salespeople leave Barclays?
True to its promise to disproportionately target its most senior staff for layoffs, it seems Barclays has been clearing out long serving rates traders and salespeople. “Barclays let go of a whole raft of senior people from its rates desk,” said one London-based headhunter, speaking on condition of anonymity. “They were mostly people who’d worked […]
Late Lunchtime Links: EU to go after bankers earning more than £420k; how to succeed in M&A at J.P. Morgan
Bad news for any European bankers who are earning huge amounts of money but had hoped to sidestep the European Union’s bonus cap by claiming they weren’t ‘regulated employees’: the EU’s definition of regulated employees has just been expanded. The Financial Times reports that the EU has broadened the category of regulated employees to include anyone earning […]
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