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GUEST COMMENT: Are you a mother looking to return to work? Apply quickly to Bank of America Merrill Lynch’s Returning Talent programme
Women are a valuable part of the workforce at Bank of America Merrill Lynch and we want to ensure they’re supported throughout their careers – including when they become mothers or take time out to look after children. All Bank of America Merrill Lynch employees who take maternity leave are given the option to have [...]
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 [...]
Lunchtime Links: Be warned – 56% of people in the UK support a tax of 75% on incomes over £1m
British papers are replete with stories of French bankers escaping high tax rates and emigrating to the UK, and French bankers in London are praising the UK for its measured approach to taxation. However, the sense of schadenfreude may be a little premature. However, the New Statesman points out today that Francois Hollande’s policies are [...]
Optimism about summer hiring is being supplanted by fear that the Olympics will stifle financial services recruitment altogether
Once, a few months ago, recruiters we spoke to were quite optimistic that hiring might pick up as the year progressed. However, that was before Alexis Tsipras, a disappointing May, and Kian Abouhossein’s realisation that maybe revenues won’t be massively increasing in FICC after all. In the new reality, London’s financial services recruiters are alert [...]
Lunchtime Links: Man quits high frequency trading citing soul-erosion, starts storytelling website
Dave Lauer, a former high frequency trader, has seen the light and is quite evangelical about it. ”I read Ayn Rand and subscribed to her idea that your worth to society is perfectly measured by the amount of money you earn,” he tells US site Marketplace. ”I followed the path of least resistance and with degrees in computer [...]
Nightmare for junior corporate financiers with private equity aspirations: banks are identifying and pre-emptively sacking them
There’s one thing worse than being an analyst or 1st year associate spending your every waking hour on pitchbooks, and that’s being an analyst or associate spending your every waking hour on pitchbooks whilst trying to time for interviewing with private equity funds. Recruiters working with private equity funds in London say there’s a lot [...]
The job-hopping headache for insurance firms in London
Insurance firms are facing a skills shortage, but they’re still incredibly choosy about the people they decide to take on. The latest thing turning off recruiters is the short period of time candidates are spending with their current employer – basically, firms hate a new emerging job-hopping trend. Recruiters are being faced with candidates who [...]
Late Lunchtime Links: The EU has come up with ambitious proposals for a financial transaction tax, which will seemingly bring big benefits to London
The European Union’s Financial Transaction Tax is becoming more of a reality and less of a fanciful fantasy. The European Parliament voted today in favour of implementing a tax based upon both an “issuance principle” and a “residence principle.” Under the issuance principle, even financial institutions located outside the EU will pay the tax when [...]
Lunchtime Links: Actually, investment banks’ FICC revenues may deteriorate badly in the second half
Fixed income hiring hasn’t really been too bad in the first half of the year. While equities headhunters say there’s really not much going on, fixed income headhunters have been slightly more positive. FX in particular seems to have been at the centre of quite a bit of hiring. Kian Abouhossein, JPMorgan’s prescient banking analyst, foresaw [...]
Does Goldman Sachs need to hire some new salespeople and researchers?
Things are not what they used to be at Goldman Sachs. As we reported a few weeks ago, transformational changes are reportedly taking place there, changes which are mostly alleged to involve a big focus on electronic trading and quiet culling of superfluous salespeople and trading staff. However, a comment in Financial News today suggests [...]
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