GUEST COMMENTS: French politicians are foolish to alienate all the French financiers based in London
I have been talking to fellow French ex-pats in the UK, Ireland, Scandinavia and the Baltics, all part of the new constituency for which I am running as a member of the French Parliament. There is one common feeling: career politicians based in Paris are overly divided by political lines that are no longer relevant. [...]
GUEST COMMENT: I am not overqualified, I am over 40
When I was made redundant from my job as a middle office manager with a leading asset management company a few years ago, I didn’t envisage I’d have any problems finding an alternative position. After all, I had nearly 20 years’ experience within the investment business, many of them in a managerial and training capacity. [...]
Q&A with an anonymous senior fund manager: Is fund management really such a well paid, stress-free career:
Q: Let’s get right down to business. We’ve already heard the juicy bits of your escape from the back office – now we’d like to step into your shoes. So what do you actually do as a fund manager? How do you invest? A: It really depends. The industry encompasses so many different methods of [...]
Q&A: The head of Hymans Robertson in Edinburgh explains what it takes to become an actuary
You need to show you can adapt to change if you want to impress Martin Potter, head of the Edinburgh office of independent actuarial consultancy Hymans Robertson. Potter, who came to Hymans via a stint in Trinidad, set up the Edinburgh office in 2009 and interviewed most of the 40 people it now employs. Hymans [...]
The unspoken nightmare faced by non-EU nationals working in the City of London today
Many non-EU nationals working in the City of London are being heavily penalised under new immigration rules which came into force in April. Most notably, a high proportion of non-EU nationals who lose their jobs in the City of London are now obliged to leave the country for a year before they can come back [...]
Lunchtime Links: Pity Ina Drew – she may simply have been politically outfoxed
Ina Drew’s departure was reportedly a tearful affair. She’d worked at JPMorgan for 30 years, kept her head down, and – until April – been widely admired. We’ve already looked at Ina Drew’s profile in the eyes of her former HR managers. Now Bloomberg has spoken to some of Drew’s former bosses and investment colleagues [...]
GUEST COMMENT: CFA – never again…
You remember that scene in I-Robot where Will Smith chases “Sonny the killer robot” into a warehouse of 1,000 look-alike robots waiting in rows? You do? You now understand the vista at London’s Excel centre on CFA exam day. To continue this metaphor, you might recall that the 1,000 “ordinary robots” were mindless automatons, with [...]
This is the new man implicated in JPMorgan’s loss. This is the risk manager who’s going to rectify the problem. These are the fears for JPMorgan’s bonuses
Heads will roll. Bloomberg reports this morning that the entire London staff of JPMorgan’s chief investment office (CIO), numbering ‘several dozen’ are at risk of dismissal. Bonuses in London will fall, maybe by 50%. Seal Team 6 risk managers have been summoned to sort out the mess. Things at JPMorgan Europe are going to be [...]
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. [...]
GUEST COMMENT: The problem is, it’s too frightening to resign from a financial services job
If you still have a job in the City then you have something in common with the great novelist, Fyodor Dostoyevsky. In 1849, the writer was about to be shot by a firing squad for dissent when, at the last moment, he was pardoned by the Czar. Living with the threat of layoffs is like [...]
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