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Ten key facts about the first quarter results at Deutsche Bank and UBS
It’s results time for Deutsche Bank and for UBS. Deutsche Bank’s results are available here. UBS’s results are available here. If you lack the time to study each bank’s release in detail, this is what you need to know. 1. UBS has been vindicated in its decision to slash fixed income trading In the first quarter of […]
When a million isn’t enough: why top bankers are struggling to get by
In theory, a seven figure annual pay packet should be more than enough to live on. In the UK, only the top 1% of income taxpayers earn anything more than £150k according to figures from the Office of National Statistics. In the US, the top 1% of people earn more than $370k according to the […]
Wells Fargo Adding Bankers, Wealth Management Poaching Heats Up
Here are the main job opportunities of the last week. Tip: Wealth Management Poaching Reaches New Heights Now is the time to make a move in wealth management. Once a new rule is in place – likely next year – wealth managers who accept six- and seven-figure signing bonuses at a new firm will have […]
Late Lunchtime Links: J.P. Morgan paid investment bankers 20% more than Goldman. Deutsche hiring more traders in Birmingham
How well does J.P. Morgan pay? Chief executive Jamie Dimon has a reputation for parsimony, but it seems that J.P. Morgan may have ditched its careful approach to banker compensation: a new study suggests Goldman paid the managing directors in its M&A and underwriting teams 20% more than Goldman Sachs did last year. Bloomberg reports […]
Characterful headhunter and bon vivant dies tragically young
Shaun Springer, former chief executive of City search firm Napier Scott – and the man who foretold the financial crisis in a 2007 article for eFinancialCareers – has died after a long illness aged 57. Former colleagues and friends have described his long and characterful career: “Shaun was a larger-than-life character,” said Mike Goggin at […]
Coutts hiring in London, Dubai and Geneva
Michael Dismorr gives every impression of being a globe-trotting banker. He’s from Zimbabwe, and has worked in Switzerland, Sweden, Saudi Arabia, the UK, the US and now Dubai. Had he not turned down a job in New York to stay in Geneva, he would never have made the switch from asset management to private banking. […]
If your brain is as big as a planet, this is the best job in finance
Investment bankers may have to lie about their profession at dinner parties these days, but actuaries have their own problems in social situations. “There are so many jokes about actuaries being introverted, or the job being on the dull side,” said Lynda Whitney, an actuary and partner at Aon Hewitt. The classic: ‘How to you […]
Ten Mistakes Rookie Financial Services Recruiters Should Avoid
Succeeding as an entry-level recruiter is no easy task. I know because I was one. Stumbling through confusing terminology while asking all the wrong questions, typically to all the wrong people. Mistakes get made – lots of them. Junior financial services recruiters have a harder time than most. The complexity of the roles, the sophistication of […]
Three questions to ask about the coming bonuses at Nomura
Nomura is one of the last investment banks to announce bonuses - Macquarie and Royal Bank of Canada Capital markets notwithstanding. After reporting strong fourth quarter results today, insiders say that Nomura is due to announce bonuses to employees in the next few weeks. This is what Nomura-bankers and Nomura-watchers need to look out for: 1. Will equity […]
Late Lunchtime Links: Controversial ex-Goldman Sachs banker proves popular with 20-somethings
Remember Fabrice Tourre, the 34 year old (ex-) Goldman Sachs banker at the centre of Goldman Sachs’ Abacus regulatory scandal? A Wall Street Journal reporter has seemingly door-stepped Fabrice in his new gig as a graduate student at the University of Chicago and has found out what he’s doing now. Tourre only granted the reporter ‘a brief […]
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