UK
Company: Deutsche Bank
Everything you need to know about Deutsche Bank’s Accelerate scholarship for candidates of black African, Caribbean or mixed black heritage
We spoke to Andre Flemmings from Rare, a diversity recruitment company which runs a scholarship programme in conjunction with Deutsche Bank to get more black students into banking. This is what Andre told us: What is the Accelerate Scholarship exactly? It’s a scholarship programme offered each year by Deutsche Bank to candidates from back African, Caribbean, [...]
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 [...]
These are the investment banks that can’t afford their staff. And these are the banks losing share in ECM, DCM and M&A this year
As a follow-up to yesterday’s look at JPMorgan’s deteriorating predictions for investment banking revenues in the second half of this year, we’d like to highlight two further elements of Kian Abouhossein’s latest oeuvre: employee affordability and IBD performance for the year to date. Who’s spending too much on their staff? Abouhossein’s report contains the table [...]
Lunchtime Links: Pity Ina Drew – she may simply have been politically outfoxed
Ina Drew’s departure was reportedly a tearful affair. She’d worked at JPMorgan for 30 years, kept her head down, and – until April – been widely admired. We’ve already looked at Ina Drew’s profile in the eyes of her former HR managers. Now Bloomberg has spoken to some of Drew’s former bosses and investment colleagues [...]
FX technology hiring is still hot
Front office technology hiring is thin on the ground this year, but in the FX space banks can’t afford to take a break from innovation and are continuing to invest in IT and technical staff. Citigroup has leapfrogged Barclays and UBS on the annual Euromoney FX rankings and is, we understand, recruiting for a number [...]
Here are the banks recruiting most heavily for technology right now
This time last year, most investment banks were recruiting heavily for technology in the UK. Most firms had more than 100 vacancies and many of these were related to front office technology projects. In 2012, tech budgets are both smaller and more strained by regulatory requirements, so it’s perhaps not surprising to see fewer opportunities [...]
Banks are pulling out of longevity swaps, but insurers are hiring
Investment banks may be pulling out of the longevity swap market, but insurers, reinsurers and consultants are all starting to build their teams. Unfortunately, hiring is relatively diminutive. Longevity swaps are complex, but essentially they’re a tool that allows pension schemes to mitigate against the risk of members living longer than expected. Last year was [...]
First quarter pay hierarchy suggests American banks still pay more. Generally, they also pay a LOT more cash
Now that we know how much JPMorgan, Goldman Sachs, UBS, Credit Suisse and Deutsche have accrued for their investment bankers in the first quarter, we can say two things. 1. American banks pay more (with the exception of Deutsche, whose pay per head figures for the corporate and investment bank aren’t comparable because, unlike elsewhere, [...]
Investment banks’ tablet and smartphone recruitment plans have crashed, but could be rebooted
Digital developers swayed across to lucrative investment banking contracts are hoping that phase two of these projects kicks off soon. For the time being, however, banks’ appetite to recruit for these roles has been dampened by over-riding cost concerns. At this point last year, the majority of investment banks were looking to hire interaction designers, [...]
Deutsche and BarCap confirm it: there will no hiring, no firing. Deutsche sets the pace with a 20% compensation cut
If you’re going to get a new job in financial services, you should be able to pick one up in the second quarter. Historically, this is when most hiring happens. This is, however, the second quarter and recruiters are still complaining of hiring freezes. “Bank of America, UBS, Deutsche, Goldman Sachs , they’ve all got [...]
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