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Credit Suisse First Boston (CSFB) – graduate training programme
The bank has also supplied the following information: Which divisions of the bank hire graduates? Investment Banking typically takes 40% of the intake, while IT takes 20%. The other two areas, Equity and Fixed Income, take 40% between them. Are there any divisions which are likely to hire graduates in 2005, but which are not […]
Salary survey: Private banking pay shifts in US
Client relationship managers at top tier private banks in the US are increasingly being paid a commission related to the revenues they generate and the value of new assets they bring in. This the finding of a pay survey by Napier Scott, the UK-based search firm, which also operates in the US market. Jim Paterson, […]
Citigroup is MBAs’ favourite bank
MBA students in the US would rather work for Citigroup than any other bank, with Goldman Sachs a close second. This is the finding of a survey by Universum, a graduate research company, which asked over 4,000 US business school students which companies they would prefer to work for. A total of 9.86% put Citigroup […]
How much am I worth?vice president, Asian equities sales
A panel of headhunters give their assessment of typical London pay packages: vice-president, Asian equities sales, leading international institution: salary 90,000 (€135,000) bonus highly variable, often about 30% When is a recovery not really a recovery? When confidence returns and institutions start making serious money again, yet this fails to translate into new jobs or […]
Ask the Expert: Can I continue an affair with my boss?
This is a classic example of why personal and professional integrity can never be fully separated. You are doubtless feeling stressed about discovery because you have a personal sense of shame or unease about carrying on with a married woman. You don’t want your colleagues to know about it because your personal reputation would suffer. […]
European jobs roundup: senior hires on Continent
Continental Europe was the focus of several senior hires in the past week. There was less good news for employees of the French bank BNP Paribas in London. Dresdner Kleinwort Wasserstein (DrKW) appointed Alvaro Vazquez as head of its corporate and advisory unit in Spain. Vazquez joined from Banco Bilbao Vizcaya Argentaria, where he covered […]
US jobs roundup: Hires at UBS and Wachovia
UBS, Wachovia and Banc of America Securities were hiring over the past week. Credit Suisse First Boston (CSFB) was among those losing out as staff were poached by rivals. Mary Ann Deignan will join UBS in June as a managing director and head of equity capital markets. Kai Sotorp, current head of UBS Global Asset […]
Traders should mind their metaphors
The answer could be more significant than it seems. Thomas Oberlechner, a visiting scholar at Harvard University and head of psychology at Webster University in Vienna, has researched the metaphors used by foreign exchange traders. He believes their choice of language amounts to more than mere decoration, it underlies everything from their trading behaviour to […]
Fox-Pitt, Kelton hit by more resignations
At least 20 staff left, including London-based Richard Wynn-Griffiths, head of European sales, and Jason Robins, head of European equity trading. They are understood to have defected to Keefe, Bruyette & Woods, a US investment boutique, with 12 other Fox-Pitt, Kelton analysts and traders. Two senior US analysts, Reilly Tierney and Mike Hallett, went to […]
Career Path: Claudio Aguirre, senior Spanish banker
Claudio Aguirre is a founding partner of Altamar Private Equity, a Spanish fund of private equity funds. Until December 2003 he was co-chairman of investment banking for Merrill Lynch for Europe, the Middle East and Africa. He says his career is founded on a willingness to take risks. My life could have been very different. […]
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