UK
Sector: Commodities
Project finance sector view: Wind in the sails
Life is looking up for project finance specialists. After several years in the doldrums, their sector is showing signs of renewed life. “Post 9/11, Enron and the UK and US electricity crises, the project finance industry went through a relative trough,” says Thomas Hardy, global head of project and expert finance at Royal Bank of [...]
Carbon Trading heating up
Recruiters report growing demand for people to trade carbon emissions. “Carbon trading is just going to get bigger and bigger,” says Gary Britnell, a consultant at recruitment firm Morgan Levy. “A lot of organisations are looking at setting up emissions trading desks, or growing the desks they already have.” Since the European Union launched an [...]
Commodities funds on the increase, drawing in staff
Commodities investing is on steep upwards curve. Headhunters say recruitment in the sector is following a similar trajectory. Reuters reports that around half the audience at Barclays Capital’s European Commodity Investing Conference in Barcelona said this week that they had no exposure to commodities, but 93% said they planned to invest in the asset class [...]
Credit Suisse: High costs, low pay?
‘Must try harder’ – this seems to be the verdict on Credit Suisse’s recent attempts at cost containment. Consultants say not doing so could impact employees’ pay. The Swiss bank, which yesterday announced fourth quarter results, saw its shares fall 6% due to disappointment on rising costs and poor trading revenues. According to an article [...]
Hybrid securities and hiring growth: Guest comment
Steve Sahara is Managing Director, Global Head of Hybrid Capital Structuring, Calyon. Here he outlines the potential as he sees it for the market and for those looking to get in. Which area of debt capital markets is set to take off in 2006? The hybrid capital security market, and talent from various sectors outside [...]
Dimon shakes up JP Morgan
JPMorgan Chase is to announce a shake-up of its securities business this week after a slump in trading revenues flattened investment banking profits two weeks ago. Chief executive Jamie Dimon held a conference call with the bank’s managing directors on Thursday in which he expressed his disappointment with the securities division’s performance and proposed changes [...]
Job wrap: Heavyweights bow out, banks expand
Derek Walker, chairman of Morgan Stanley Europe, and Sir John Bond, chairman of HSBC, announced their retirements last week. Walker, who will stay on as a senior advisor, was replaced by Jonathan Chenevix-Trench, chairman of Morgan Stanley’s institutional securities business and of the European management committee. Sir John Bond announced he will retire as HSBC [...]
Job wrap: Pisker exits Dresdner
Last week’s big news was the revelation that Andrew Pisker, London-based chief of executive of Dresdner Kleinwort Wasserstein (DrKW), was making a swift exit. Pisker’s retreat follows a shake up in which DrKW is to be folded into the corporate banking division of Dresdner Bank. Stefan Jentzsch, who left German bank HVB earlier this month, [...]
Commodities sector view: Power to hire
Thanks to warm weather and recovering production, oil prices have now eased to $60 a barrel. But the fluctuations have been more than enough to turn an otherwise good year for the world’s commodities traders into a potentially great one. Despite the derailment of Refco, the bankrupt futures and commodities trading giant, recruiters say the [...]
Pay for commodities traders up
Because of volatility in the energy markets, commodities traders stand to land bigger bonuses this year, especially if they work on an investment banking desk. Read on for where you can make the most. London and New York If you work in commodities trading, London and New York are the places to earn the most. [...]
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