UK
Company: ING
The research role where, on average, it’s possible to earn 25% more than your peers
There’s still a job role where demand is high within investment banks, hedge funds and asset managers, poaching is rife and pay is on the increase…but firms are looking to recruit ex-geologists or engineers. Mining analysts, quite simply, are currently hot property. However, in order to be considered for a role, a deep understanding of [...]
Feel slightly sorry for those people working for Unicredit over on London Wall
However concerning things are at all banks right now, the palpitations may be most extreme at Unicredit. The Italian bank has not been faring well under concerns about its exposure to Italy’s sovereign debt. Yesterday, its shares were temporarily suspended at one point, but ended the day down more than 5%. Last week, they fell [...]
GUEST COMMENT: Oh my God… they killed Kleinworts!
As Commerzbank’s protracted integration and restructuring process gets underway one thing is becoming apparent: there is no intention of maintaining significant investment banking operations in London. Commerzbank has cut back on the proprietary trading operations in their entirety (no bad thing in the context of Dresdner Kleinwort’sperformance in recent years). It’s also cut the equities [...]
No sub-prime slide for graduate recruiting
Good news – the sub-prime crisis isn’t affecting banks’ appetite for graduate hires – yet. Most graduate programmes are determined a year in advance, so banks’ recruiters tell us 2008′s intake will be unaffected by the meltdown in the credit markets. Lauren Platt-Hepworth at JPMorgan says, “Nothing is changing in Australia in terms of our [...]
Expect hiring in equities
Bear Stearns isn’t the only one at it: Macquarie, ING and Jefferies are also said to be building their European equities businesses. Undeterred by its losses in fixed income, Bear Stearns is going ahead with plans to build up in Europe – in equities at least. Financial News reports that the US bank is launching [...]
Research opportunities in Dubai
Dubai offers a growing number of positions for equity researchers. But pay is slightly lower than elsewhere. Deutsche Bank created a dedicated Middle East and North Africa research team last year, and headhunters say it’s not the only one bulking up in the region. Citigroup and ING reportedly beefed up with local equity research talent [...]
Hiring spree continues in leveraged finance
Leveraged finance specialists are earning compensation comparable with top bankers at the peak of the technology, media and telecoms boom as institutions clamour for talent. At least seven banks in Europe, North America and Asia, including UBS, HSBC, Fortis, ING and Nomura, have reinvigorated their efforts in the booming leveraged finance market, helping to push [...]
Infrastructure funds fishing for linguists
The infrastructure market is continuing to power ahead. But recruiters say a growing number of jobs in the sector are for European language speakers. “London-based infrastructure funds are taking an increasingly pan-European approach,” says Tim Smith, head of the debt and structured finance team at search firm Walker Hamill. “Demand is predominantly for people with [...]
ING to shift jobs to outsourcers
Dutch financial services group ING Groep NV is reportedly shifting about 550 employees in the Netherlands and Belgium to outsourced service providers. The bank has agreed a five year deal worth €800 million to outsource work place services at its banking and insurance operations in the Netherlands and Belgium for 53,000 employees to Accenture, Atos [...]
ING farms back office functions to BNP Paribas
BNP Paribas has agreed to undertake the back office functions of ING Luxembourg and ING Investment Management in an outsourcing deal announced this week. Reuters says the investment bank will administer 23 billion of funds for ING, and will take on 60 ING staff in Luxembourg under terms of the transaction. This follows the growing [...]
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