UK
Sector: Information Services
Why would anyone want to work for a ratings agency now?
Ratings agencies aren’t looking particularly hot as a result of Andrew Cuomo’s latest investigation into what precisely went wrong in the world of CDOs. As blog Naked Capitalism points out, agencies were either duped or dumb. Neither sounds particularly appealing. Five years ago, banks were all over ratings agencies. The New York Times claims that, [...]
Ratings agencies are hiring again
Ratings agencies have had both their reputations and balance sheets battered by the financial crisis, but for the first time in two years there are signs things are looking up. And the big players are tentatively re-building their teams once again. Standard & Poor’s has just reported its first quarterly rise in revenues in two [...]
The six securest jobs in financial services today
As mentioned last week, the threat of redundancy appears to be receding. With the exception of Commerzbank, which has indicated that it will make even more redundancies than planned at Dresdner K, and UBS, which has announced plans to cut another 2,500 investment banking jobs before the end of this year, most banks are busy [...]
Who’ll do the job of ratings agencies?
Named, shamed and blamed, ratings agencies are looking a little ragged around the edges. Investors themselves may need to hire people to calculate credit risks in future. With triple A no longer a water-tight guarantee of a leak-free investment, ratings agencies could find themselves squeezed as investors take a more proactive role in analysing just [...]
Ratings agencies not so secure after all
Ratings agency types who thought they had a job for life are being made to think again. Ratings agencies have been known to promote themselves as kindly employers less inclined than investment banks to take an axe to the workforce when things go wrong. That cuddly image has just died a horrible death. Moody’s is [...]
Alternative routes in: ratings agencies
So you’ve been blanked by the banks? Try ratings agencies instead. What are they? Ratings agencies – which score debt products according to how likely investors are to get paid as promised – may not be as glamorous or as lucrative employers as investment banks. But they offer better work-life balance and are less likely [...]
Why banking recruitment won’t go down the pan (after all)
The head of recruitment at a big US bank says recruiters have nothing to fear. Admittedly, with banks focused more on redundancies than growth it doesn’t exactly look like they’ll be rushing to add thousands of staff in 2008, but that need not suggest that they won’t be hiring at all. The head of recruitment [...]
Fitch looking for staff to work in Eastern Europe
Fitch Ratings is foraging for London-based analysts to work in its growing East European business. “The Eastern European markets in general are strong emerging markets for us and there’s an ongoing focus on recruiting people with those language skills,” says Adam Seward, international resourcing manager at the company. “Some of the recruitment takes place locally, [...]
Job Wrap: Uva quits Morgan Stanley
Morgan Stanley announced Michael Uva had resigned. A senior client coverage banker, and one of the most senior Morgan Stanley bankers in Europe, Uva was said by colleagues to have been unhappy at being displaced as co-head of global investment banking by Walid Chammah. Chammah was made sole global head following the return of John [...]
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