Sector: FX & Money Markets

The Moscow drool

Like oligarchs’ wives, banks in Russia are shopping – and they’re paying three times more for salespeople and traders than in London. “I placed a few institutional equities salespeople in Russia last year and they told me they’re earning up to three times what they made in London,” says Elvira Muratova, head of emerging markets [...]

By anonymous, 22 June 2007 • 2 comments

Wind gets behind FX sales

Two new studies suggest salespeople were the most sought-after FX species of 2006. Recruiters say they’ll be equally popular in 2007. “The dominant people in the FX market right now are the most successful salespeople,” says Simon Head, director of the foreign exchange (FX) business at search firm Akamai Financial Markets. “Banks see money coming [...]

By anonymous, 31 January 2007 • 0 comments

FX wizards wanted in Oz

Australian banks are bulking up their foreign exchange operations. And UK-based staff are their chosen targets. Recruiters say Oz banks’ FX enthusiasm reflects anticipation of a possible burst in the equities bubble, plus growth in hedge funds and derivatives trading. “I think they are looking to the next (profit growth) area,” says Paul Gerrard, general [...]

By anonymous, 20 December 2006 • 0 comments

Axa launches currency team

Axa Investment Managers, the French funds arm of insurer Axa, has made two senior hires from Barclays Global Investors to launch a currency management team. Andrew Dales, formerly an investment strategist for BGI’s global market strategy group, has joined as head of currency management. He will report Paul Griffiths, UK chief executive and head of [...]

By anonymous, 4 July 2006 • 0 comments

Banks go after strategists to service hedge funds

Growth in hedge fund activity is fuelling banks’ demand for investment strategists. Russell Clarke, a director at search firm Mantis Partners, says banks have been avidly hiring investment strategists for the past six months, with no end in sight. “It’s a real phenomenon,” he says. “There’s particular interest in demand for strategists who are focused [...]

By anonymous, 14 June 2006 • 0 comments

Foreign exchange VPs in demand

Despite excitement and expansion in the foreign exchange market, hiring in the area appears to be strong rather than spectacular. Recruitment for emerging markets FX sales teams and Italian corporate sales teams is said to be particularly perky. Dominie Moss, a consultant at search firm Sheffield Haworth says most banks are interested in hiring FX [...]

By anonymous, 17 May 2006 • 0 comments

UBS FX traders face relocation decision

FX headhunters are already receiving calls from UBS traders looking to jump ship before the bank moves its FX trading operations to Zürich. “People are very nervous about it,” says one. “A lot of these traders live in London with their families and don’t want to relocate. It’s creating a lot of uncertainty.” Financial News [...]

By anonymous, 10 May 2006 • 0 comments

Barclays Capital: hiring and firing?

Headhunters report rumblings of discontent at Barclays Capital, and the possibility of job losses at the bank later this year. “There are some unhappy people at Barclays,” says one derivatives-focused recruiter. “Recent hires have been paid top dollar, and the incumbents are increasingly hacked off.” Under the so-called ‘Alpha Plan’ of chief executive Bob Diamond, [...]

By anonymous, 11 April 2006 • 0 comments

Cross product approach to drive prime brokerage hiring

FX prime brokerage is emerging as a driver of prime broker hiring this year. But longer term, headhunters say banks will be interested in prime brokers who can operate across product areas. This week, Deutsche Bank hired Deborah Thompson from JPMorgan as its European head of foreign exchangeprime brokerage. Her appointment comes after Citigroup hired [...]

By anonymous, 2 March 2006 • 0 comments