UK
Sector: FX
Seven things Deutsche Bank’s fourth quarter results say about pay and hiring
Deutsche Bank’s fourth quarter results are out for 2012. The full details aren’t available yet – Anshu Jain and Jürgen Fitschen are embarking on the conference call accompanying the results as we write. But even at this stage, there are several things that anyone working in Deutsche’s investment bank should be aware of. 1. Deutsche Bank […]
UBS is decimating jobs in the back and middle office. Front office bankers are getting off comparatively lightly. UBS is still advertising for graduates in FICC
UBS has released its masterplan for a ‘strategic acceleration from a position of strength.’ The Financial Times was right: there will be nearly 10,000 redundancies. Right now, UBS employs 64,000 people. By 2015 it expects to employ 54,000. Speculation that the redundancies would mostly affect the investment bank was also accurate. From 2015, UBS’s investment bank […]
Disaster: UBS said to be cutting investment banking headcount by 60%; Barclays cutting senior salaries by 30-40%
The time for the small numbers is over. No more 10%s or 20%s: we’re suddenly in a new realm where 3 out 5 colleagues disappear and take home pay could be halved. UBS: wholesale retrenchment The bad news about UBS first appeared in the Financial Times on Friday evening. The bank wants to cut 10,000 […]
Business by business, here’s where the highest percentage of Continental Europeans work in the City
Theresa May has struck again. In May, she suggested that she might like to impose restrictions on the number people from elsewhere in the European Union who can work in the UK. At the weekend, she reiterated her idea. And this time she appears to have the backing of David Cameron – who says he […]
Q&A: A Ginsberg-reading UBS FX strategist talks about his career
1. How long have you been working in financial services? I have now been with UBS for just over 2 years. I previously interned with the bank following my undergraduate finals and have also interned at a couple of other institutions. 2. Has your career path been conventional or capricious? I would say somewhere between […]
Want to move jobs and achieve a big increase in your pay? Try Andrea Orcel at UBS
When we held our highly secretive subterranean assembly for senior recruiters at investment banks this week, someone among them said a strange thing: UBS has been bidding the market up, he suggested (quietly). This seemed far-fetched. UBS, after all, made a loss at its investment bank in the second quarter. Its first half cost/revenue […]
These three banks were quietly hiring people in London in August and early September. This is who they hired
As part of our ongoing effort to shine light into the dark corners where hiring is still taking place in the London market, we’d like to highlight the hiring that has been quietly going on at Unicredit, Abbey National Treasury Services (Santander) and Standard Chartered. Despite the lateness of the hiring season, each of these […]
The ok, the bad and the atrocious. The sectors where hiring is increasing and where it isn’t
June wasn’t a great month for finding a new job in financial services. We already know this from recruitment firm Morgan McKinley, which offered some overall figures suggesting the number of financial services jobs in London fell 50% last month compared to June 2011. Our own figures for the UK confirm that things weren’t great. […]
Nomura’s fixed income professionals have good reason to fear displacement by new improved hires. Recruitment IS happening elsewhere
When Steve Ashley was made global head of fixed income at Nomura in January, we suggested it may not be a good thing. Three months later, Nomura got rid of 30 fixed income managers, including Kieran Higgins, co-head of fixed income for EMEA and Peter Hornick, head of fixed income sales for the Americas. “These changes will help […]
These are the interview questions you’ll be asked at Barclays (Capital), Deutsche Bank, Goldman Sachs and Morgan Stanley
As you may have noticed from our editorial homepage this morning, we’ve been adding to our list of student interview questions. Based on submissions from students who claim to have been interviewed by investment banks and other financial services firms (Halifax), we now have a long, long list of hopefully authentic, supposedly real, probably frequent, interview […]
Follow eFinancialCareers
What is RSS?
