UK
Sector: Credit
Rumour has it that Lloyds wants to hire 150 people for its markets business before the end of the year
This has not been substantiated by the bank, but nor has it been denied: Lloyds allegedly wants to recruit 150 people for its wholesale banking business before the end of the year. The rumour is creating trepidation among other banks’ fixed income recruiters who fear their discontented salespeople and traders might be poached. Needless to [...]
A disturbing omen from Goldman Sachs with regards to job prospects in fixed income
Last week, Gary Cohn of Goldman Sachs made a largely ignored Investor Presentation at the Sanford Bernstein banking conference. Buried amongst it was a worrying fact about headcount trends in the equity markets. Cince 2000, Cohn said, revenues in Goldman’s equities business have tripled. Over the same period, he said headcount in its equities business [...]
Fixed income recruitment has died a death
London’s fixed income headhunters have nothing to do. “If I were to rank activity on a scale of 1-10, I’d say we’re at 1 right now,” says the head of one FICC search boutique. “It started at 10 in March, went to 6 during the summer, and now there’s nothing. If we’re lucky, we might [...]
Sorry, but structured credit hiring is still DEAD
For a brief, flickering moment, it looked like something might be going on in the structured credit space. Deutsche hired a US head of structured credit sales and trading from Bank of America a few months ago. In January, UBS hired for high yield CDS, and JPMorgan and UBS began marketing something called ‘collateralised synthetic [...]
If the axe falls, it will fall hardest at UBS, BofA Merrill, Nomura, and Morgan Stanley
Earnings season kicks off this week, with JPMorgan, BofA and Citigroup finally expected to divulge what happened in the three months from April. Given that this includes the difficult month of May, it’s not likely to be pretty, although results may be massaged by debt valuation adjustments. If Q2 results aren’t matched by an improvement [...]
All that credit hiring a few months ago is starting to look silly
April, May, and early June 2010 were characterised by what can be described as very, very enthusiastic hiring in credit sales and trading. As a reminder of those halcyon times: Credit Suisse and Lloyds announced their intention to add a combined 55 people in credit flow sales, and credit sales and trading this year; Mitsubishi [...]
Just when we thought hiring at Cantor Fitzgerald was really, really hot…
Last time we mentioned the big trader hiring that’s happening at Cantor Fitzgerald, we were lambasted by people pointing out that Cantor is an interdealer broker and therefore only hires brokerage professionals. This appears to be a little out of date. If Cantor only hires brokerage professionals, why has it added “over 100 fixed income [...]
And now some good news for FICC bankers
Wonderful news if you work in fixed income currencies and commodities, and especially if you work in currencies or rates: 2010 is turning out to be a fairly good year after all. First quarter global FICC revenues were $49bn according to Morgan Stanley, on a par with the record first quarter of 2009, and 94% [...]
EDITOR’S TAKE: The secret hiring plan at RBS
Imagine that you are a state owned British bank. Imagine too, that after a long while hoping that you might be permitted to return to private ownership like your American counterpart, you find that plans to sell the British government’s 83% stake have been put on hold for at least 18 months. And then imagine [...]
This company wants to hire 250 people thanks to incipient OTC derivatives regulation
Think OTC derivatives regulation and you’re likely to think standardisation, the disappearance of many hundreds of jobs structuring and selling bespoke derivative products, and the probable demise of at least some of the people currently engrossed with filling out derivatives documentation once all or most OTC products are centrally cleared on exchanges. Financial News has, [...]
Follow eFinancialCareers
What is RSS?
Advice
