Sector: Capital markets

Nomura fires 25

Nomura today confirmed that it has sacked approximately 25 traders and salesmen in the bank’s London-based fixed income and capital markets divisions. Nomura employs 500 people in its global markets group in London. A spokeswoman refused to comment on who was fired or in which areas of the business they worked. The news came as [...]

By anonymous, 28 October 2005 • 0 comments

DrKW plots recruitment drive

Dresdner Kleinwort Wasserstein is planning to hire as many as 300 staff as part of efforts to boost profits and turn around its fortunes. The German investment bank, which is part of the Dresdner Bank group controlled by German insurer Allianz, employs around 6,000 staff, 2,100 of whom work in its capital markets division. Steve [...]

By anonymous, 21 October 2005 • 0 comments

ABN Amro suffers more defections

ABN Amro has been hit by another round of defections after recruiting raids from rivals. Four bankers in the London-based infrastructure team left the Dutch bank last week to join Babcock & Brown, the Australian investment bank that hired ABN Amro’s infrastructure team, based in Sydney and Melbourne, two months ago. The defections are a [...]

By anonymous, 11 October 2005 • 1 comment

Job wrap: Going, going, gone

There were a lot of departures in the world of European finance last week, some more deliberate than others. It emerged that Fox-Pitt, Kelton, the financial services specialist investment bank, had seen the back of four senior corporate financiers. John Wells, London global of corporate finance, and Mark Davidson, London head of corporate finance for [...]

By anonymous, 10 October 2005 • 0 comments

Bank hiring prepares for winter freeze

There are signs that, with the end of the year in sight, investment banks are cutting back on recruitment. HSBC, which has added 1,600 staff to its global corporate, investment banking and markets divisions, said it had completed most of this year’s hiring. A European spokesman for Bank of America, which has spent 75% of [...]

By anonymous, 12 September 2005 • 0 comments

Recruiters look to specialisation as established fields cut back

The cash cows can no longer be milked. In the late 1990s M&A, equity and corporate finance may have provided a steady stream of income for investment banks and headhunters alike. But times have changed. With mandates for M&A searches a thing of the past, headhunters are looking to new areas to replace lost revenue [...]

By anonymous, 1 October 2001 • 0 comments