UK
Sector: Corporate banking
Revolving doors for loan syndication specialists
Recruiters say banks are vigorously soliciting new loan syndication specialists, and aggressively weeding out underperformers in the area. Paul Hunt, managing director of search firm Healy Hunt, says both debt driven corporate banks and advisory-focused investment banks, are bulking up with loan syndication staff. “Thanks to Basle II, banks are looking to manage their balance [...]
RBS Plans World’s Largest Dealing Room
Royal Bank of Scotland is planning to build the largest trading floor in the world and is awaiting board approval to start construction. The plan was disclosed by Jodi Rell, governor of Connecticut, who revealed that RBS and its subsidiary RBS Greenwich Capital were proposing to consolidate their U.S. operations and relocate their U.S. headquarters [...]
Risk sector view: Banks gearing and paying up
It’s been a good year for risk specialists. The gurus of disaster prediction and mitigation are back in fashion, and they can earn sizeable premiums applying their talents in industry hot spots. Recruiters globally report robust demand for risk experts across the three main areas of the profession: credit risk, market risk and operational risk. [...]
Jentzsch and Pisker pitched into DrKW shake up
Stefan Jentzsch, who this week resigned as head of investment banking at HVB, is in talks to head a new corporate and investment banking division at German rival Dresdner Bank. The division would replace its existing investment bank, Dresdner Kleinwort Wasserstein. A source at the bank said that Andrew Pisker, London-based DrKW chief executive, is [...]
Oz credit risk market hires in and pays more
Soaring issuance of corporate debt and twitchiness about potential bankruptcies are driving recruitment in the Australian credit risk market. Foreign talent is welcome to apply. “The market is currently strong for credit risk professionals, especially those with UK and European experience,” says Patrick Everest at Sydney-based Jon Michel Executive Search. “Most firms have an appetite [...]
Job wrap: Hiring surge in equity derivatives
There was a rush of equity derivatives hiring last week as Dresdner Kleinwort Wasserstein, Bank of America and ABN Amro added to their teams. Dresdner Kleinwort Wasserstein hired four people for equity derivatives. Patrick Sciamma joined from Goldman Sachs as a managing director and head of trading in exotic equity derivatives. Olivier Charhon joined from [...]
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 [...]
Sex-case banker launches boutique
Stephanie Villalba, the former Merrill Lynch banker who lost a record 7.5m (€11m) sexual discrimination case against the US bank, has launched a corporate finance and investment management boutique. The former head of European private client business at Merrill Lynch, who has not worked in the City of London since being dismissed in 2003, has [...]
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