UK
Company: Morgan Stanley
Want to work for Brevan Howard? It looks quite unlikely in London
Brevan Howard is hiring – in Hong Kong. It’s just announced the appearance of David Adams, former head of rates trading at Morgan Stanley in Australia. Not long ago, it hired Farouk Juma, a former prop trader at UBS in Singapore. In London, meanwhile, enthusiasm for recruiting appears to have abated. Last March, Nagi [...]
There are some high paying fin-tech jobs in Edinburgh
Any technologist considering a move from the City to a role in Edinburgh would have previously been doing so for the opportunity to buy a larger flat and greater proximity to the Fringe festival, rather than for career reasons. Now, however, salaries are starting to increase. According to recruitment sources north of the border, a [...]
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 [...]
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 [...]
Late Lunchtime Links: Banks’ HR staff offer insights into Ina Drew, the frighteningly intelligent head of JPMorgan’s chief investment office
Bloomberg has an interesting piece on Ina Drew, the $14m a year 55 year old incredibly successful Wall Street woman you hadn’t previously heard of. Drew is head of JPMorgan’s chief investment office. She’s worked for JPMorgan (or its forebears) for 30 years and has been head of the chief investment office since February 2005. [...]
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 [...]
Late Lunchtime Links: Most people quit banking aged 26-30 because their lives are spiritually hollow. Zynga boss explains why he got out
As we’ve mentioned before, it’s quite usual for investment banking careers to be short lived. One columnist recently calculated that 73% of investment banking careers are over in less than six years. Now a new infographic sheds a little light on why. Published in New York Magazine and sourced from Escape the City, it suggests [...]
Fewer than 20% of the fixed income sales and trading professionals who lost or left their jobs in the second half of 2012 have been re-employed
The first quarter was good for fixed income sales and trading. Most banks achieved a year-on-year increase in revenues. Morgan Stanley achieved a 34% year-on-year increase in revenues. Rates was generally cited as an area of strength. Does this mean all those fixed income salespeople and traders who were made redundant at the end [...]
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, [...]
Late Lunchtime Links: Barclays is certainly not going to be paying its very talented people zero bonuses
It has been a chaotic morning at the AGM’s of Barclays and Credit Suisse. On one hand, nearly a third of Credit Suisse shareholders rejected the bank’s pay plan. On the other, there was heckling and laughter at the Barclays AGM, where protestors turned up wearing Robin Hood hats and dressed as blue birds with money [...]
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