Sector: Investment Banking / M & A

Something bad has happened in IBD at UBS

Something good is going on at Deutsche. Something bad is going on at UBS. League tables from information provider Dealogic show that Deutsche Bank consolidated its position as Europe’s leading bank across M&A, ECM and DCM in the first quarter, increasing its share of fees from 7.2% to 8.0% vs. the first three months of [...]

By Sarah Butcher, 8 April 2011 • 5 comments

Mid-Afternoon Links: Goldman’s UK investment banking chief off to join Tony Hayward; immense packages at Glencore

Let it not be said of Julian Metherell that he cares especially about working for an organisation for which the general public feels great affection. The Wall Street Journal reports that Julian, formerly head of investment banking at Goldman Sachs (not a popular public name) is off to join ex-BP chief Tony Haywood (also not [...]

By eFinancialCareers UK, 4 April 2011 • 1 comment

GUEST COMMENT: I was an investment banker, now I help run a recruitment company

I spent 12 years working in investment banking, but recently left to help grow and manage a recruitment company. I really enjoyed corporate finance: it’s intellectually challenging and a great way to learn about business; the transaction side is complex, challenging and hard work, but hugely rewarding. Recruitment is not wholly different: we pitch for [...]

By Guy Balllantine, 31 March 2011 • 24 comments

Lunchtime Links: Is this a metaphor for the sacrifices required to work at Goldman Sachs?

Goldman Sachs is renowned for its long hours. If you work there, your hair may change colour. In Japan, Goldman may be taking its demand for commitment to a different level. While French and German banks have pulled their employees out of Tokyo, CNBC reports that Goldman is obliging its staff to stay put. Many [...]

By eFinancialCareers UK, 30 March 2011 • 6 comments

Very Late Lunchtime Links: A plethora of investment banking jobs comes to Africa

As we regularly record on our South African site, there’s a lot of hiring happening there. Carlyle, Rennaissance Capital and Barclays are among those hiring there. And now BNP Paribas is hiring there too. According to Bloomberg, BNP Paribas is opening an office in Nigeria and building up in South Africa. Now may be a [...]

By eFinancialCareers UK, 29 March 2011 • 1 comment

Lunchtime Links: An enormous influx of new people is coming soon to Canary Wharf

If you work in Canary Wharf and are peeved about queuing in Starbucks, standing on the Jubilee Line, or inhabiting a microcosm almost entirely populated by other people wearing suits, then sorry: another 10,000 co-workers are going to be joining you. The Financial Times says these new people will be coming next year, when JPMorgan [...]

By eFinancialCareers UK, 25 March 2011 • 7 comments

Everything you need to know about hiring this year, from the enormous Morgan Stanley report predicting 20k job losses

Morgan Stanley and Oliver Wyman have produced their large annual report on the state of the investment banking industry. It doesn’t make for massively felicitous reading: what with Basel III and falling margins, it says banks need to reduce their costs and cut 20,000 jobs.. Assuming you don’t have the report, or don’t want to [...]

By Sarah Butcher, 25 March 2011 • 7 comments

Hierarchy of the over and underpaid

Financial services is meant to be an industry in which employees get to eat some of what they kill. If someone generates profit, they should be a partial beneficiary. This is the theory. The reality is that the amount of profit going to employees varies dramatically by organisation. Some banks pay a lot more per [...]

By Sarah Butcher, 23 March 2011 • 4 comments

Late Lunchtime Links: Yes, big hiring appears to have begun

We’ve had suspicions for a few days. Today they are vindicated: big hiring is now ON. Hence various banks are bulking up with all manner of senior people. First we had the UBS prime brokers going to Bank of America, now we have: · BAML hiring Pasquale Cataldi from Deutsche Bank as its head of [...]

By eFinancialCareers UK, 23 March 2011 • 0 comments

GUEST COMMENT: How to make your first million (now that this will no longer happen in a bank)

The City is no longer the quickest way to make a first million, or even a fast buck. It used to be; several people I graduated alongside are now set for life. The pressure’s off – they’re done. Unfortunately for the rest of us, the chances of making retirement money from banking are now lower [...]

By Anonymous, 23 March 2011 • 8 comments