UK
Sector: Equities
Bonuses to be Sweet for Equity Derivatives Staff
After a bumper year and a rush of hiring, recruiters say equity derivatives specialists are on track for bigger-than-ever bonuses. “If banks want to retain people in equity derivatives they’ll need to pay bonuses that are 10% to 30% up on last year,” says Doug Hanslip, a specialist equity derivatives consultant at Korn/Ferry International in [...]
Where Next for Equities Traders?
This isn’t a great time to be working as an equities trader. In the past four months, both Goldman Sachs and UBS have slashed U.S. equity trading teams by up to 10%. Recruiters warn of more cuts to come, and lower bonuses. “There will be further redundancies for equities traders before December,” predicts Joe McCann, [...]
Job Wrap: Post-holiday hiring extravaganza
After a lull during the summer, last week saw a flood of hiring announcements in everything from fixed income to private equity. Fixed income: Calyon hires new head of high yield debt trading Calyon hired Andrei Korolev from BNP Paribas as head of high-yield debt trading with responsibility for trading cash bonds and credit derivatives. [...]
Job Wrap: Hiring spree at Calyon
Calyon, the French investment bank, put paid to notions that the French spend all of August prostrate somewhere on the Côte D’Azur last week. It was the week’s most vigorous hirer, adding four staff members and promoting one more. New recruits included Steve Nutland from Bank of America, who joined as global head of foreign [...]
Recruiters look to specialisation as established fields cut back
The cash cows can no longer be milked. In the late 1990s M&A, equity and corporate finance may have provided a steady stream of income for investment banks and headhunters alike. But times have changed. With mandates for M&A searches a thing of the past, headhunters are looking to new areas to replace lost revenue [...]
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