UK
Company: Watson Wyatt
Fund management &investment consulting
The art, and science, of investing for the long term At a basic level, you could say fund management is all about investing other people’s money, and earning a fee for the privilege – be it from the man on the street or from huge institutions such as pension funds. Broadly speaking, fund managers (also [...]
Big cuts coming at Towers Perrin Watson Wyatt combination?
The merger between Watson Wyatt and Towers Perrin to create the world’s biggest pay, benefits and investment benefits consultancy has understandably created something of a stir in the industry this week. The firms are looking to save $80m in "synergies", which is going to involve some job cuts due to overlaps, so how will this [...]
It’s become cool to work in investment consulting
And even better, investment consulting firms are hiring. Hymans Robertson, Hewitt Associates, Capita Hartshead and Watson Wyatt have all made some high-profile appointments recently. Gavin Orpin, head of trustee investment at Lane Clark & Peacock, says the firm has increased its investment team by 20 people, to 50, over the past two years. “The increasing [...]
What will be hot in 2009?
If 2008 was bracing, 2009 will be biting. With wholesale banking revenues likely to remain depressed, further headcount cuts look inevitable, particularly at European banks which have yet to announce bonuses. Oppenheimer’s Meredith Whitney isn’t predicting a return to growth at big US banks for at least another two years. But 2009 won’t be all [...]
The renewed appeal of investment consulting
Not long ago, the likes of Mercer, Watson Wyatt and Hewitt Associates were doing their best to stem a tide of staff trying to make a beeline for investment banks. But with banks now struggling, consultants now hiring, and some of the staff who left them beating a hasty retreat, it looks distinctly as if [...]
Falling for fund of funds
Thanks to a surge in new business, fund of hedge funds are bridging the salary gap to compete for talent with single manager funds. Pension funds’ increasing appetite for alternatives has seen them pursue the fund of hedge funds route, in spite of the extra layer of fees, as they claim to offer diversification and [...]
Going up in 2008
2007 did not end well; 2008 may not begin well; but some things will be hot all the same. Which ones? Here are our predictions… Risk After banks made big losses by taking big risks which they failed to hedge adequately, it doesn’t take a genius to see that risk specialists are likely to be [...]
Last-minute internship options for this summer
If you haven’t yet sorted a summer internship, there are still a handful of finance-related companies accepting applications. But hurry, vacancies in most firms are in single figures. Here’s where to look: KPMG KPMG still has places on both its UK and international schemes. A handful of general audit placements are going in Aberdeen, Plymouth [...]
Consultants take advantage of jobs merry-go-round
Pension consultants are coming to terms with higher staff turnover in their business. A more competitive market for their services, changes to bonus schemes at two of the three dominant UK providers, and growth in the consulting business are driving the trend. Consultants acknowledge that turnover has been higher than in the previous three years [...]
Funds: Staff churn dents brand
For the sake of their investors at least, fund managers who are thinking of moving jobs may be better off staying put. Institutional Investor quotes Morningstar analyst Gregg Wolper sounding off about the negative impact of job changes at Fidelity International. Wolper apparently says Fidelity has lost some of its appeal following a ‘shocking number’ [...]
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