UK
Company: Manpower
The facts about front-office roles at foreign banks in China
We speak to Monica Pei, team leader, accounting & finance practice, Manpower Shanghai, about front-office roles at foreign banks in China. Q: What are the main requirements for front-office positions at foreign banks? A: The most common front-office position is the relationship manager. It requires skills both in customer retention and business development, including good [...]
Here’s how counteroffers will survive the new FSA rules attempting to extinguish them entirely
Counteroffers are as old as headhunters, poaching and human fallibility. They owe their existence to the universal error of not really appreciating the true value of something until it’s gone, or at least threatening to leave. The counteroffer is all about making amends, persuading someone to stay, apologising for undervaluing them and demonstrating that you [...]
Outsourcers, not banks, will be recruiting techies
With the EU looking to introduce more competition in the UK retail banking sector, and new players either starting up or in the pipeline, IT professionals in this area may have been looking forward to a raft of new job opportunities. Unfortunately, they’re likely to be disappointed. Metro Bank, which launched to great fanfare during [...]
Prime broking sales staff are the new black
Prime broking recruitment is heating up. And prime broking sales staff are the hottest of the lot. Today, the Financial Times reports that Citigroup has hired 13 hedge fund servicing staff out of BarCap and Morgan Stanley. Deutsche has also declared its intention of expanding its prime broking business in Asia. A proliferation of new [...]
Expats leaving the Gulf after honeymoon period
The GCC might be seeing a raft of applications and relocations of Western expat bankers, but many who make the move are realising that the region doesn’t quite live up to the level of pay, benefits and career progression they enjoyed back home. This means firms are struggling to hold on to the best talent. [...]
Editor’s Take: The great investment banking non-firing spree
So you thought investment banks were decimating their workforces with all the ferocity of Vlad the Impaler during a psychotic interlude? So did we. So did everyone. But a confluence of recent events suggests this might not be as true as the quantity of ex-bankers hanging out on street corners suggests. Event number one: Credit [...]
French bankers: come back home
Nicolas Sarkozy, the presidential candidate of the French Right, is urging French expats to return to France. There’s little chance of that, according to French finance professionals. “He can dream,” says Jean Facon, a consultant at search firm Christopher Beale Associates and former managing director at JPMorgan. “A lot of the French expats in London [...]
Editor’s take: Divining the future from bonus distribution
Sarah Butcher, editor of eFinancialCareers, on the arcane art of reading bonuses like tea leaves. As an individual banker, the enormity of your bonus reflects your value to the business. But across the business as a whole, the way bonuses are distributed provides an insight into managers’ optimism about the year ahead. A simple rule [...]
M&A pay up for European juniors, US seniors
Want to make good money working in M&A and corporate finance? Now is the time to be either a junior banker in Europe with a few years’ experience or a senior banker in the US with a fat rolodex. While the US M&A market has been thriving, Europe’s has been withering. First quarter 2005 transactions [...]
Cantor test case rekindles bonus hopes
You work hard all year, set to receive a handsome bonus but are made redundant before you receive it. Legally, the employer is able to avoid paying. Or is it? Maybe not. To escape liability for making payments, many employers, including banks, have used a clause in employment contracts that for staff to be eligible [...]
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