UK
Sector: Investment consulting
Big cuts coming at Towers Perrin Watson Wyatt combination?
The merger between Watson Wyatt and Towers Perrin to create the world’s biggest pay, benefits and investment benefits consultancy has understandably created something of a stir in the industry this week. The firms are looking to save $80m in "synergies", which is going to involve some job cuts due to overlaps, so how will this [...]
It’s become cool to work in investment consulting
And even better, investment consulting firms are hiring. Hymans Robertson, Hewitt Associates, Capita Hartshead and Watson Wyatt have all made some high-profile appointments recently. Gavin Orpin, head of trustee investment at Lane Clark & Peacock, says the firm has increased its investment team by 20 people, to 50, over the past two years. “The increasing [...]
Lunchtime Links: Cuts at Credit Suisse, Commerz, Nomura, Carlyle, State Street, Jefferies, Macquarie and…CNBC….
Everyone who’s anyone is cutting staff today. However, Credit Suisse (CS) is cutting most enthusiastically. Earlier revelations of 500 job cuts in its securities unit have been clarified with the news that the Swiss bank will be cutting headcount by 11% and reducing investment banking headcount by 17%. Particularly aggressive chopping is expected at CS [...]
Out of Goldman, into McKinsey
Fed up with life in investment banking? There is an alternative: consultants are hiring. McKinsey & Co., the strategy consulting incarnation of Goldman Sachs, was recently seen soliciting financial services consultants in The Economist, and recruiters in the field assure us there are opportunities aplenty – providing you have the requisite top class degree and [...]
The renewed appeal of investment consulting
Not long ago, the likes of Mercer, Watson Wyatt and Hewitt Associates were doing their best to stem a tide of staff trying to make a beeline for investment banks. But with banks now struggling, consultants now hiring, and some of the staff who left them beating a hasty retreat, it looks distinctly as if [...]
Aching for actuaries
Typically seen as the refuge of grey-suited maths nerds, the actuarial profession is struggling to attract the talent it needs. A raft of regulation from the Financial Services Association, such as Solvency II, together with increased requirements from non-life insurance industries has seen a flood of new jobs. Paul Walsh, CEO of Acumen Resourcing, a [...]
Guest comment: Pay expectations are becoming unrealistic
Fund managers are getting carried away when it comes to pay, says Roger Urwin, global head of investment consulting at Watson Wyatt. In the war for talent so far, talent has been the winner. This is particularly obvious in the key worldwide financial centres where the search is feverish and the compensation is often startling. [...]
Pensions move for Deloitte
Deloitte is preparing to penetrate the pensions arena. There may be jobs in the offing. Deloitte says it’s getting ready to challenge the market supremacy of traditional investment and pensions consultants. The firm, never a major player in the pensions consulting arena, is expanding its pension and investment services group. Its timing appears impeccable – [...]
Short-termism driving move from consultants to banks
Investment consultants are leaving to join liability driven investment (LDI) teams at investment banks. But industry insiders accuse defectors of shortsightedness. “Just now it feels like lots of banks are setting up new teams and something may have to give,” Ian McKinlay, head of investment consulting at Aon tells eFinancialCareers.com. “There are only so many [...]
Fixed income specialist latest to quit Hewitt
A fixed income investment specialist has left Hewitt Associates for a fund management company in the latest of a stream of departures from the global consulting firm. Fidelity International, the 144bn (€209bn) fund manager, has recruited investment consultant Claire Gilmour from Hewitt to its consultant relations team. Gilmour, who joined Fidelity’s six-strong team this week, [...]
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