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Job vacancy: 3rd year M&A associates, New York
The editorial team of eFinancialCareers analyses a current job advertisement that looks significant or intriguing: During the market downturn in the past three years big investment banks laid off huge numbers of analysts and junior associates, leaving their M&A departments as inverted pyramids, chiefly staffed with senior dealmakers. The only hiring was of rainmakers able […]
Investment trusts look for non-execs
This could be a good year for senior fund managers who want to retire and take on part-time work. Industry insiders predict investment trusts in the UK will increase their recruitment of non-executive directors in 2004. Daniel Godfrey, director general of the Association of Investment Trust Companies (AITC ), said new Financial Services Authority (FSA) […]
Former Warren executive sets up London search firm
Campden will focus on asset management and private banking appointments. John Rumsey, former head of research at Warren, has joined Campden as a partner. Warren, a US-based company, has closed its London office. Barrow said Campden had acquired its daatbase of 5,000 people. Barrow, a former head of client services for equities at Dresdner Kleinwort […]
Demand for transition managers grows
Doubts about equities and market-timing scandals have been bad news for the fund management industry. But they have been a boon to the transition managers who help shift assets from one fund or product to another. They are in increasingly short supply. One headhunter said: ‘Everyone is trying to poach from one another. There is […]
The country dream turns sour for former high-fliers
Talking on his mobile phone on a January evening as he tries to locate a lost lamb before an approaching snow storm, Jan McCourt, a former syndicated bonds manager at Kleinwort Benson, admits there are some things about his new life that he will never get used to. “I still miss the money. Children’s clothes […]
US jobs roundup: Fund managers make key hires
Traditional fund managers and hedge funds have been prominent among financial services companies hiring staff in the US in the past two weeks. Janus Capital recruited Jill Paitchel as president of Janus International, the company’s global division. In this new position based in Westport, Connecticut, she will oversee Janus’ international business, which managed more that […]
European jobs roundup: Hiring in private equity
Directly or indirectly, private equity and venture capital (VC) funds were behind many job moves in the past week. Meanwhile some investment banks struggled to stem a tide of departures. Fund moves were atypical of the sector. Benchmark Capital, a technology investor, recruited Johan Brenner, a Swedish entrepreneur, to become fifth partner in its London […]
Banks hire more temporary accountants, pay higher rates
There is growing demand in investment banks in London for accountants on temporary contracts, recruitment companies said. Kathryn Gilchrist, a manager at Michael Page City, said: "Since Christmas there has been a recovery in demand for temps to work in financial markets. We are suddenly extremely busy.’ Rival firms report a similar phenomenon. Christine MacDonald, […]
Banks to hire more graduates – survey
Investment banks and fund managers in the UK plan to hire 47% more graduates this year than they did in 2003, a survey shows. One big investment bank expects to take on 200 more graduates than last year, while two others plan to employ an extra 150 each, the annual recruitment survey by the Association […]
Playing could be more productive for the office
Last month the bank set up a strategic engagements group in mergers and acquisitions, comprising nine high-powered bankers who have been freed from the shackles of management and have a remit to focus purely on doing deals. Morgan Stanley is understood to see the formation of the group as a means of boosting its client […]
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