UK
Company: Kelly
Lunchtime Links: Yet another reason why London is losing out to Asia; how “stupid and arrogant” bankers threatened to “bring us all down”
Much of the focus over the last couple of days has been the debate over the damage the ICB recommendations could cause UK banks, but other regulations may still dent London’s standing as a financial centre. Bloomberg has suggested that certain banks – including HSBC, UBS and Nomura – are attempting to book as many [...]
Questions you should always anticipate at quant interviews
If you’re interviewing for a quant role in an investment bank, success won’t simply be a question of laying out your PhD and letting your thesis speak for itself. You will need to talk. You will need to answer questions. These are some the questions you should expect. 1) Can you tell me, briefly (and [...]
Lunchtime Links: The government is now expected to extend The Tax until June
Today was the day when the government was due to publish a clarification of precisely who will, and who won’t, be included in the Bonus Tax. According to Financial News, this isn’t happening after all. Publication has been delayed until tomorrow (while the government tries to work out precisely what it was intending). The good [...]
GUEST COMMENT: The changing face of electronic trading recruitment
Electronic trading is a fast-moving world, where innovation is paramount to keep an edge over your competitors. Not surprisingly, therefore, banks’ recruitment requirements are also something of a chameleon, continually shifting in line with market requirements. One interesting pattern to emerge in recent months is a shift away from the more traditional avenues of programme [...]
IT contractors rates rise…but only in (very) specialist areas
IT contractors financial services were hit with the double whammy of declining pay and reduced job options during the first half of this year. Now, however, demand is slowly picking up once again, but any rate rises are restricted to very specialist sectors. Following an uptick in the number of jobs being offered to contractors [...]
…And was that a redundancy reprieve for Citigroup’s EMEA investment bankers?
In the absence of anything particularly interesting coming out of today’s BofA conference call, we’re looking again at Citi’s Q1 results – and in particular what happened at Citi’s European Institutional Clients Group (ICG) unit. As if by magic, EMEA ICG appears to have become the engine of profit at Citi’s investment bank. While the [...]
Why it pays to be a geek
Wanted: high-powered IT professionals with specialist product knowledge. Willing to pay silly money and, for the right person, perhaps even a guaranteed bonus. Senior-level IT professionals and those with specialist product knowledge – particularly derivatives – are like gold dust at the moment, says James Kelly of recruitment firm Robert Walters. While back-office IT and [...]
Work now, get paid later
Now for the bad news: in their desperation to retain staff, banks in Hong Kong are said to be holding back part of bonus payouts. “I-bankers can get 50% of their cash now and leave the rest with the bank for up to five years,” says Christopher Sykes of Edward W Kelly Partners in Hong [...]
Job Wrap: Senior hires in continental Europe
Banks, including Citigroup, SG and Calyon, added senior figures in Italy and France last week. There was also an indisputable flurry of hiring activity in the fund management sector. Citigroup hired Jean-Manuel Richier, head of French and Belgian equity capital markets at Goldman Sachs, as deputy head of French investment banking. SG Corporate & Investment [...]
Financial-services firms focus on female advisors
Wall Street financial-services firms are recruiting more women advisers to serve their increasing number of female clients. Companies such as Merrill Lynch & Co. and Citigroup Inc. have launched campaigns in recent years to tap the market of female investors, traditionally an overlooked demographic. With the economy up, "the more immediate effort to recruit women [...]
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