UK
Sector: Capital markets
BNP Paribas to bulk up London front office by 600
French investment bank BNP Paribas is preparing for a wave of expansion in the UK, Germany and Spain. Les Echos reports that the bank is planning to hire 600 front-office staff in London this year, an increase of about 10%, and another 600 next year. BNP Paribas already has a significant presence in London and [...]
Russian ECM specialists off the menu – or are they?
Despite burgeoning Russian IPO activity, some recruiters report limited demand for Russian-focused ECM professionals among larger banks in the City. “Russian investment banking teams are understaffed,” says Julian Bell, a director at search firm Sheffield Haworth. “But when it comes to equity capital markets, there are only one or two Russian specialists in London. Most [...]
Execution to hire capital markets bankers
Equity capital markets bankers looking for long term job opportunities may be interested to hear of the goings on at Execution, a UK-based stockbroker and research firm. The company, which has offices in London, Hong Kong and Connecticut, is mulling an IPO on Aim, the Financial Times reports today. It aspires to raise 10m in [...]
All change at Dresdner
Dresdner Bank is to slash 1,980 jobs and its Wasserstein moniker from its investment banking arm as part of a wide-ranging restructuring by its parent company, German insurer Allianz. A further 500 cuts will be made at German and domestic subsidiaries. Financial News reports the cuts will come from middle and back-office jobs, half of [...]
AIM advisors look to build out
The international success of the London Alternative Investment Market (AIM) is feeding demand for equity capital markets professionals who can help bring overseas companies to market. “There’s huge interest from overseas companies who want to list on AIM,” says Garry Levin, a managing director at Altium Capital, a corporate finance boutique with offices in Milan, [...]
Citigroup bankers bring in fat fees
Some of Citigroup’s corporate brokers, corporate financiers and debt capital markets bankers look like doing rather well this year. A 30-strong team of Citigroup bankers could be on track for earning 70m in fees, The Times reported this week. The bankers, who span the divisions named above, worked on the 10.1bn purchase of BAA, the [...]
DCM bonus prospects wilt following Lehman results
Lehman Brothers’ quarterly results have put a bit of a dampener on bonus prospects for debt capital markets bankers. The bank’s second quarter results, reported yesterday, revealed a 22% drop in its revenues from debt underwriting between the first and second quarters. By comparison, revenues from the more vibrant investment banking advisory area rose 8% [...]
Perella seeks analysts for boutique
Joseph Perella, the former Morgan Stanley star dealmaker who is setting up an investment banking boutique, is looking for analysts and associates to join the business in London. The company, which remains unnamed, is due to launch in the next few weeks. Perella has secured about $1bn (€790m) in backing for the boutique, which will [...]
Charles Stanley hiring in institutional equity sales
UK private client stockbroker Charles Stanley will keep hiring despite a decline in client confidence and recent market volatility. David Howard, chairman of Charles Stanley says the company will be hiring this year, particularly in institutional equity sales, the Financial Times reports. The company will continue to hire managers with a discretionary client base. Howard [...]
Emerging markets jobs safe, for now
Plummeting markets, rapid expansion and rumours of hefty pay packages are not entirely unfamiliar. Could it be emerging markets jobs are set to go the same way as 1998? No, say recruiters focused on the area. Although leading emerging markets indexes have dropped more than 10% since May 1 this year, hiring is apparently continuing [...]
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