UK
The career switch that could help you get a job in Asia
If you have been struggling to find a banking job in the Asia-Pacific market, making the switch into insurance could be a good bet. Some unemployed bankers have already started migrating to a sector that may not have the status of investment banking, but offers more security. Local insurance firms and financial services recruiters have […]
Blankfein explains why Goldman won’t open a trading floor in Salt Lake City
Today is the day of the Goldman Sachs annual general meeting in Salt Lake City. This is the first time the bank has held its AGM in Utah, some 2,000 miles from Wall Street, and it may not be the last. Together with Dallas, Bangalore and Singapore, Salt Lake City has been identified as one […]
Late Lunchtime Links: London bankers are overworked elitist snobs. J.P. Morgan shunting people into compliance
If you’re an investment banker in Paris, Frankfurt or Milan and you’re thinking of moving to London for the glitz, glamour, and weather, don’t. A new blog in the Guardian suggests that investment banking careers in the City of London aren’t nearly as heavy on excitement as people from more provincial financial centres might suppose. […]
How expat bankers can still succeed in Saudi
Saudi Arabia has long been viewed as a hardship posting for expat financial services professionals, but as opportunities shrink in other Middle East locations the kingdom has continued to offer jobs. However, a new push to recruit local candidates has meant it’s become an uphill struggle for foreigners to move in, but expat expertise is […]
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, […]
Quants and techies get social, autistic hires fall by the wayside
Quantitative hedge funds, derivatives desks and the programming teams of investment banks have supposedly long provided happy homes to people with autism, which are able to put their systematic mindsets to good use. However, the announcement from SAP that it intends to hire 640 people with autism to programme and test its products highlights an […]
Late Lunchtime Links: Secret ‘golden pitchbook’ gets public airing
A top secret ‘golden pitchbook’ dating back to Bear Stearns circa 1980 has surfaced on Buzzfeed. It is not a pitchbook in the M&A all-nighter sense of the term. It is a pitchbook in the sense of selling securities to retail clients – although it could equally be applied to selling anything to anyone, anywhere. Fundamentally, […]
Meet the ex-head of UBS credit trading prowling for the next Tumblr
Until March 2013, Damien Regent was a fairly typical investment banker. Up at dawn, he worked 12 hour days as UBS’s co-head of financial credit trading in London. Two months ago, all that changed. Unleashed from UBS following the bank’s decision to pull back from fixed income, Regent has reinvented himself as an angel investor. […]
Stressed out bankers are underpaid and overworked
Shrinking pay packets are the primary sources of stress in the banking sector as financial professionals face longer hours and unachievable deadlines without the prospect of a big bonus at the end of it all. An average of 68% of the 3,400 banking professionals in the UK, US, Middle East, France and Germany responding to […]
Careers advice from Aberdeen’s Martin Gilbert
Martin Gilbert, CEO of Aberdeen Asset Management, has been at the helm for 27 years, so the question of his retirement is one he’s often asked. Until recently, his response was to say that he’d step down when Alex Ferguson leaves Manchester United, but he’s been quick to back-track. “It was a terrible blunder to […]
Follow eFinancialCareers
What is RSS?
