UK
Company: RABOBANK
The two points in your career at which it makes sense to leave banking and become a headhunter
Another banker has moved into recruitment. Search firm Kinsey Allen announced this week that it has hired Sebastian Piggott. Piggot, who’s worked at RBS, Natwest and Yamaichi International, will specialise in unearthing fixed income bankers. He most recently spent a year at Anglo Suisse Capital. As we have noted before, it is not totally unusual [...]
The UK hedge fund training the Libyan financial services professionals of tomorrow
With current Libyan regime looking increasingly unsteady, more scrutiny is being paid to the international firms who have backing from the country’s sovereign wealth fund, the Libya Investment Authority (LIA). The $70bn SWF has, after all, been an increasingly ambitious international investor, holding stakes in Fiat, Unicredit, FT-owner Pearson and even Juventus football club. Many [...]
Former trader turned maths teacher could receive TWELVE MILLION in lost earnings
Teaching maths is not as lucrative as working as a global head of securities, even if it is at one of the lesser known Dutch banks. Therefore, if you are unfairly obliged to leave your job as global head of securities because of discrimination (on the grounds of non-Dutchness) and you go off to become [...]
Does this make Citigroup and BofA Merrill desirable places of FICC employment again?
Either fixed income sales and trading is growing at a rapid pace, or banks that lost market share during the bad years are stealing it back from banks that won. Today, Citigroup revealed a 77% increase in its FICC revenues compared to 4Q09 (although down 32% on 1Q09 following the sale of Phibro). Last week, [...]
Lunchtime Links: Emergency bailout, emergency rate cut, emergency commercial funding programme
In normal circumstances, any one of the above events would be sufficient to evoke lengthy ruminations. But these are not normal circumstances, so suffice to say that the UK government is giving eight banks 25bn now and 25bn later, as well as offering a 250bn guarantee that those banks won’t default on debt for the [...]
Rabobank goes on hunt for hybrid specialists
Netherlands-based Rabobank has become the latest securities firm to set up a hybrid derivatives trading and sales desk. The bank is looking to make three hires. Mike Weber, a former Merrill Lynch banker and partner at hedge fund Eriswell Capital, is heading the London-based global operation, which is being set up from scratch. He says [...]
Job Wrap: Hiring sprees all-round
Dresdner Kleinwort Wasserstein (DrKW) and Mercer Investment Consulting revealed plans to embark on hiring sprees last week. It emerged that Dresdner Kleinwort Wasserstein is planning to hire as many as 300 staff. The bank’s capital markets team is currently comprised of 25% sales and trading staff, a proportion that Steve Bellotti, head of capital markets [...]
Gheerbrant joins Napier Scott as non-exec
Napier Scott said Gheerbrant left Rabobank at the beginning of 2002 to further his academic career. As well as advising on strategy and extending the firm’s contacts, he would conduct in-house training on capital markets issues for the firm’s staff. During his six years at Rabobank, Gheerbrant was involved particuarly in credit intermediation and structuring, [...]
Banking and investment industries face aftermath of US tragedy
Institutions have also been working hard to keep their investment banking and trading operations up and running, kick-starting disaster recovery operations and transferring dealing to non-US financial centres. Morgan Stanley and the Cantor Fitzgerald brokerage appeared to be the hardest hit by the disaster. Morgan Stanley had 2,500 employees in the south tower of the [...]
Global post for ING Barings’ de Vries
Jeremy Palmer resigned as head of equities after the new management team was announced. Chief executive David Robins will fill Palmer’s shoes temporarily until a suitable successor is announced early this year. Rabobank International, the investment banking and securities business of Dutch co-operative bank Rabobank, has appointed Bill Cuthbert to its managing board. Cuthbert replaces [...]
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