UK
Sector: Derivatives
WHERE THERE IS DEFINITELY STILL HIRING CURRENTLY: Delta One
We touched upon the relative hotness of investment banks’ Delta One desks a few months ago, but in a world where front office hiring has drastically retracted, it remains an area of recruitment. More cash equity traders and sales traders are eyeing a switch across. Recruitment sources suggest that the likes of Citigroup, BoA Merrill [...]
The bad and less bad elements of McKinsey’s gloomy projections for investment banking
Recent reports into the future of the investment banking industry haven’t been particularly positive. There was the Morgan Stanley and Oliver Wyman report predicting the need for 20,000 back and middle office job cuts, and now McKinsey has suggested further redundancies may be necessary as investment banks grapple with new regulations. In a wide-ranging report [...]
WHERE THERE WILL DEFINITELY BE HIRING: Exchange traded derivatives
Where should you position yourself if you want to be the beneficiary of hiring between now and 2013? Try exchange traded derivatives. They are hot. And getting hotter. What? Unsurprisingly, exchange traded derivatives are derivatives that are traded on public exchanges. Traditionally, they have been simple things like futures and options but the exchange traded [...]
Yannick Mallegol, the professional Ferrari-racing head of derivatives sales at Barclays Capital, has left the bank
If you were trying to conceive an ideal job in financial services, you would struggle to come up with something more appealing than that recently occupied by Yannick Mallegol. Mallegol was the former head of equity derivatives flow sales at Barclays Capital and and raced Ferraris. These are the cars Mallegol races. He recently came [...]
YOUR KILLER EQUITIES INTERVIEW QUESTIONS: What is the price of a one year call option on a stock, with share price = $100, known interest rates of 5%, volatility of zero and no dividends?
Here’s the latest question sent in by site visitors who have attended equities interviews at investment banks. This question has allegedly been asked in equity derivatives trading interviews. The answer has been suggested by the person who submitted the question (and is not being advocated by us). If you disagree with the answer, or have [...]
So you want to work in ETFs? You’ll, unfortunately, be lucky
ETFs are where it’s at. With a compound annual growth rate of 81% in Europe over the past decade and with growth of 31% in the past year, they are an increasingly rare example of unbridled expansion in the financial services sector. Unsurprisingly, expansion has led to signs of hiring. Hence, Citigroup announced last week [...]
Securitisation professionals who’ve been out of the market for years are getting re-employed!
Securitisation is still looking like a bit of a disaster zone. It’s not as bad as it was, but it remains far from beautiful. According to Dealogic, total European asset backed and mortgaged backed securities issuance this year is $93bn, up substantially from $26bn in 2009, but down dramatically from the $537bn of issuance in [...]
Equity derivatives interview questions from Goldman Sachs
Equity derivatives are going to be totally steaming, at least compared to all other areas in 2011 according to analysts at JPMorgan. You may therefore be interested to know what Goldman Sachs is allegedly asking in equity derivative interviews this year. The questions below were sent in by a student for our latest iPod competition, [...]
BarCap’s FICC people are most at risk of redundancy
BarCap is making redundancies. Reuters cites a ‘spokesperson’ who says they’ve begun a pre-cull consultation process. Bloomberg says the cuts will involve ‘hundreds’ of people. Interestingly, Bloomberg also says that the cuts will, ‘follow a review how much capital each unit of the business uses.’ Banking analysts suggest that BarCap is rightsizing its business in [...]
The place to be in 2010, 2011, 2012 and the foreseeable future: inflation trading?
Inflation trading is hot. It is so hot, that last week Deutsche Bank announced the appointment of global co-heads of inflation trading and a head of inflation options and exotics trading, two of whom were hired externally from SocGen and Citigroup – even though we are months from the end of the year. Other banks [...]
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