UK
Sector: Asset Management
Guest comment: No shame in client services
Process, process, process… or is something changing in the world of client services? Chris Sevenoaks, consultant at recruitment specialist Finance Professionals City, considers. Mention the phrase ‘client services’ and watch the enthusiasm drain from an audience’s face. With due respect to those who work in this oft-maligned area of financial services, it’s a job title [...]
Salary survey: bigger bonuses for fund managers
Bankers may be waking up to the notion that bonuses go down as well as up, but fund managers may have no need to. According to a survey of over 1,000 fund managers by asset management search firm Godliman Partners, cash compensation for fund managers rose anything from 10-20% between 2006 and 2007. Fastest rises [...]
On the spot: Bank of Ireland Asset Management’s COO
Sean Crowe, BIAM’s COO and head of global fixed income and specialist products, fields eFinancialCareers’ questions, and will answer yours if you ask nicely… A brief history of your career? I joined Eagle Star Asset Management as a trainee investment manager and was lucky enough to be given bond portfolios to manage in the first [...]
The good news about this year
Citigroup may be planning to axe more people than Goldman Sachs employs globally, but there are still reasons to be cheerful. The latest survey from PricewaterhouseCoopers and the CBI confirms that general sentiment across the financial services industry is now as low as it was in 1998 and 2003, neither of which were good years [...]
What is it about fund management and women?
You’d never guess it from the book I Don’t Know How She Does It, but fund management appears to be a haven for the fairer sex. While the fictional female fund manager in Allison Pearson’s book spends her evenings pummelling mince pies to make them appear home-made, her real-life counterparts are more likely to be [...]
Fund managers hungry to hire
Forget i-banking job cuts, fund managers are defiantly bullish on hiring: most are planning to add staff. The latest financial services quarterly survey from the CBI and Pricewaterhouse- Coopers says a balance of 73% of fund management firms are looking to recruit over the next three months, a figure only slightly down from the 80% [...]
Recovering funds’ lure for star performers
Looking for a job in fund management? Whatever you do, don’t join a top performing fund. Recent appointments at Credit Suisse and F&C have highlighted an apparent contradiction in fund management: poorly performing or recovering funds will often find it much easier to attract star performers than those that are already doing well. In the [...]
Fund manager pay pumped by past glories
If the markets tank over the next few months, fund managers – like everyone else – will be looking at reduced bonuses this year, right? Wrong. Asset management firms are increasingly allocating bonuses based on performance over three years, rather than just the one. This means that, even if this year proves to be a [...]
Redundancy for CDO specialists?
With the market for CDOs deader than a Sunday in Surbiton, the future looks hazy for professionals in the area. Investment banks aren’t known for keeping unproductive staff on their books, particularly when retaining them means spending money on bonuses. And with bonuses announced in December (at US banks), some headhunters and recruiters are forecasting [...]
Footloose fund managers
Tying fund managers down isn’t easy. Big money and big buybacks are proving handy restraints. “The really good people are always bought back,” says Kim Yates, director of headhunter Principal Search. “Employers are fighting hard to keep staff. I’ve seen hundreds of thousands put on the table.” The impetus behind the 100k carrots is very [...]
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