UK
Sector: Compliance / Legal
Legal eagles with hedge fund expertise needed
Recruiters report an upturn in demand for lawyers with hedge fund experience. “The hedge fund market has been picking up,” says Jane Fry, manager of the legal financial services team at recruitment firm Badenoch & Clark. She adds: “Law firms are looking to expand their hedge fund teams, and the larger hedge funds are interested [...]
Staff shortages push compliance pay higher
Two new salary surveys suggest supply shortages are boosting salaries for compliance professionals. A survey of 1,000 clients and candidates by recruitment firm PSD Group, found compliance salaries have increased by as much as 10% in the past twelve months for junior to mid ranking compliance staff. It says compliance assistants with between two and [...]
Eastern allure for State Street
A recent article on the website Investment and Pensions Europe (www.ipe.com) doesn’t bode particularly well for the thousands of fund administration staff employed by State Street in locations such as Dublin, Edinburgh and Luxembourg. IPE reported State Street chief executive Ron Logue as saying there was an opportunity to move processing operations to Eastern Europe [...]
Dearth of derivatives lawyers across markets
What’s the difference between a lawyer working for an investment bank and his or her counterpart working for a top international law firm? The answer is simple: lawyers working for investment banks receive hefty bonuses, lawyers working for law firms don’t. At this time of the year, this discrepancy becomes something of a nightmare for [...]
Derivatives lawyers up the pay stakes
With headhunters battering down their doors, derivatives lawyers globally have not been slow to ask for higher pay. In London, Siobhan Lewington at search firm Sheffield Haworth says mid-level derivatives lawyers with five years’ post qualification experience can command a base salary of between 90,000 ($158,000, €131,000) and 100,000, with a bonus of 100% or [...]
Bonus blues for the back office
Front office investment bankers typically have a spring in their step at this time of year. Bonuses are soon to be paid, and deposits have been put down on Ferraris and second homes. Unfortunately, it’s not quite the same story in the back office. Investment banking is a world of two halves. On one side, [...]
Compliance sector view: Hedge funds need you
2005 has been a good year for people looking for a job in investment banking compliance in London and New York. 2006 could be even better, especially if you happen to be a compliance specialist in continental Europe. “This has been one of the busiest years ever for compliance hiring,” says Chris Hickey, head of [...]
Compliance pay up for top talent
If you want to make a mint in the world of compliance, now may be the time to head to a US bank or hedge fund. Andrew Chancellor, managing director of the finance and professional services arm of Robert Walters, says heads of compliance working in the City of London can earn up to 400,000. [...]
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 [...]
Software providers snapping up French IT staff
Like the City of London and Wall Street, Paris is suffering from a shortage of technologists familiar with the financial services industry. Recruiters attribute the country’s deficit of talent to increased hiring among its financial services software providers. “It’s the software houses and consultants that are recruiting,” says Jérôme Bonnard, managing director of recruitment firm [...]
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