UK
Company: Nomura
Is the Fed Driving Veteran Money Managers into Retirement?
The number of hedge funds that closed their doors increased for the third straight year in 2012. Same song, different tune this year. It seems a different big-name fund closes each day, with clients redeeming billions from once high-profile money managers who just can’t seem to beat the S&P. There are plenty of valid reasons […]
The big bank which quietly lost 80% of its staff
If the threat of job loss is a measure of trauma (which it seemingly is) then the bankers who once worked for Dresdner Kleinwort in the City of London are among some of the most traumatized around. After being shunted over to Commerzbank in mid-2009, their numbers have progressively dwindled. Very few ex-Dresdner bankers are […]
Nomura is Growing Fast, But Are the Hires Here to Stay?
Nomura, perhaps more than any other global bank, has a habit of entering new markets with aggression, hiring in droves where it see opportunities. That’s happening right now in the U.S., where the Japanese bank is poaching high-priced talent from bigger U.S. players in sectors like investment banking and fixed income, despite its pledge to […]
Daily Dispatches – Staff cuts in Australian banks?
Investors in the several of the major Australian banks will have reaped big returns in the country’s past two decades of economic prosperity, but analysts are now warning that the domestic majors may need to focus on cost cuts to maintain their momentum, which makes headcount reduction a likely target. Bloomberg said today that Australian banks […]
Lunchtime Links: A bank says it’s hiring AND paying above market rates; where multiple job offers are surging
Where should you send your CV if you want to target an expansionary bank which isn’t averse to paying above market rates? Try Nomura in the U.S. Not only is the Japanese bank on an American recruitment drive, but it says it’s being compelled to offer big pay packages simply to attract people to work there. […]
Late Links: The only jobs you can still easily walk into in the City of London
If you’re looking for a job in the City of London, you may struggle to find one – unless you’re prepared to work on a short term contract. Today, two London recruitment firms issued gloomy statements about the state of the permanent hiring market. Astbury Marsden said the number of new permanent jobs in the […]
DeRegt’s not alone in fleeing Morgan Stanley. Nomura hiring everywhere
Morgan Stanley’s fixed income business is in a state of upheaval, but anyone thrown off balance at the U.S. bank can seek solace at Nomura, which says it’s hiring fixed income professionals worldwide. In an unusual example of reverse nepotism in financial services, Ken deRegt, the 57 year old head of Morgan Stanley’s fixed income business, […]
Equities upset at Nomura as laid off banker gets miraculously rehired
Nomura’s equities business has not been a happy place to be. As we were first to report in March, the Japanese bank cut around 20 senior equity research staff shortly before bonuses were due to be paid. Now, it seems one of them has been reinstated. Headhunters said Nick Coulter, a food retail analyst, who […]
Twenty two people who can get you a job in banking
If you want a job in banking, you will need to network. A failure to properly engage and to direct applications to named individuals is one reason why your attempts to land a job in banking may fail. With this in mind, we’ve provided a non-comprehensive, non-alphabetical, sort of off-the-cuff list of some of the […]
Fear factor: bankers only have 50 days to find new jobs
How quickly do you need to find a new job if you’re a banker who has been laid off? Very, it would seem. An analysis of 10 recent hires at major banks in London shows that on average experienced bankers spend only 50 days between jobs. Data from the UK’s Financial Services Authority (FSA) register […]
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