SG
Sector: Derivatives
The Hong Kong Hunter: I love equity research so why can’t I get a job in it?
In the second of his “Hong Kong Hunter” series, our new candidate-columnist explains why he’s so desperate to find an equity research role. If you haven’t read his previous article, click here. I was lucky enough to discover my true career calling while still at university. In my second year, I participated in my college’s [...]
Bad omen for Nomura bankers
First they had to tolerate the arrival of 2,500 Lehman bankers on inflated guarantees. Now Nomura’s existing staff are being asked to take orders from their uninvited guests. On Friday, Nomura revealed that ex-Lehmanites Christian Meissner and William Vereker are to be heads of investment banking for Europe, the Middle East and Africa, and that [...]
ON THE SPOT: Master’s in finance student, London Business School
Brijesh Pande has just finished the master’s in finance at London Business School. Previously head of fixed income capital markets at Citigroup in Indonesia, he joined a leading Australian bank in Singapore as head of FX, interest rates and derivatives corporate sales for South Asia after his course finished. We’ve asked Brijesh a few questions [...]
JPMorgan and rivals recruit in equity derivatives
Banks including JPMorgan continue to recruit in equity derivatives as the sector looks set to survive the credit crunch comparatively unscathed. JPMorgan’s Asian team has grown from five to 45 since 2003 and headcount will continue to rise to meet Indian and Chinese demand, according Ong Tsui Keng, the bank’s executive director for equity derivatives. [...]
StanChart finds talent in turmoil
Standard Chartered is facing down the credit crunch and stepping up its structured finance hiring. Lenny Feder, group head of financial markets, tells us: “We are taking full advantage of the turmoil in the markets to recruit.” While market mayhem may be making other banks cut back on structured finance, Standard Chartered has created a [...]
Do the richest bankers live in Singapore?
‘ Forget Hong Kong, is Singapore the best place to live if you’re wealthy in South East Asia? Measured in terms of the choices of wealthy residents, it looks like the answer will soon be yes. According to a report from Barclays Wealth, Hong Kong currently has the world’s highest density of households with wealth [...]
Will you be unlucky at UBS?
Asian jobs will be chopped at UBS, but only an unfortunate few have their heads on the block. UBS hasn’t revealed exact redundancy numbers for Hong Kong and Singapore, but spokesperson Mark Panday tells us the lay-offs won’t be more than 5% of the 2,500 and 2,300 staff who work in Hong Kong and Singapore [...]
Banks freezing, not firing in Asia
Banks may be busy slashing staff in London and New York, but Asia looks set to avoid the worst of the cutbacks. Merrill Lynch, which last week announced an additional 3,000 redundancies globally, does not plan to make significant reductions in Hong Kong and Singapore, according to a spokeswoman. “While there may be some minor [...]
Would you work for an inter-dealer broker?
Interdealer broking firms are making big moves into the Asian market, but would you fancy joining one? If you do want to work for an inter-dealer broker, now may be the time to do so. ICAP is expanding its property business in Singapore, and demand for derivative products in China and India means future growth [...]
Want to leave? Pay back that bonus
Investment banks are coming up with innovative ways to keep some staff on their payrolls, even while they let go of others in the wake of the credit crunch. This inventiveness mostly takes the form of long-term stock grants, or measures that let banks defer cash expenses in hopes that revenue growth will pick up [...]
Follow eFinancialCareers
What is RSS?
Advice
