UK
Sector: Operations
Ingenious Asset Management plans expansion
Ingenious, the media-focused investment, asset management, private equity and advisory group, is looking to add operations and investment staff. Guy Bowles, Managing Director of Ingenious Asset Management, says the firm is looking to hire an additional five staff in client administration and operations roles. Ingenious recently announced the recruitment of five investment directors from Singer [...]
Banks call non-graduates for back-office roles
Things are looking up if you don’t have a degree, but aspire to joining the army of sharp-suited professionals working London’s Square Mile. Recruiters say investment banks are increasingly opening their doors to non-graduates. Naturally, you can’t leave school or college and become a top corporate financier or derivatives structurer, but you can work in [...]
Chill wind for Dresdner back office and UBS researchers
While some banking employees are basking in the warm glow of rising pay, others are in danger of being thrown out in the cold. Back office staff at Dresdner Bank could be next to be shown the door. Finextra a technology news website, says the recently merged corporate clients and investment banking unit of the [...]
Laws of supply and demand drive pay higher than ever
A new survey reveals soaring salaries for the likes of senior accountants and junior fund managers. The survey of 8,800 candidates, by recruitment firm Morgan McKinley, underscores areas of overheating in the financial services market. Following an average 31% increase in pay, senior accountants working in investment banks can now command salaries of 80k fairly [...]
Good news for private bankers, bad news for their support staff
Demand for private bankers, particularly with Asian, Turkish and Greek connections, continues to motor ahead. But cost cutting doesn’t bode well for IT and operations staff at Credit Suisse. Harry Pilkington, a consultant specialising in private banking recruitment at search firm Armstrong International, says Turkey and Greece rank second only to Asia when it comes [...]
ABN Amro to cut 2,400 jobs
ABN Amro has become the latest bank to shunt back office and IT jobs to India. According to an article in today’s Telegraph, the Dutch bank is preparing to slash 2,400 jobs worldwide in an effort to save €150m (104m) a year. At the same time, 900 jobs will be added in India. The article [...]
Military and manufacturing experience? Investment banks want you
Investment banks are trying to become leaner and meaner by hiring operations staff from other industries. “A lot of banks are looking for outside staff at the moment,” says Mike Hartwell, managing director of operations-focused search firm Hartwell Buck. “They’re interested in a different skillset. There’s a bigger emphasis on commercial acumen.” Goldman Sachs is [...]
Take care of us, Generation Y says
While each generation may believe there is a cavernous gap between it and previous ones, 20-somethings – Generation Y – are a different breed from their parents and grandparents according to a new survey conducted by recruitment firm Robert Half Finance and Accounting. They not only expect companies to develop them professionally and pay them [...]
Temporary staff fill the gaps
A new study suggests banks are handling shortages of investment banking operations and compliance staff by hiring an ever increasing number of temps. Latest data from financial services recruiter the Blomfield Group shows the number of temporary financial services positions in the UK rose 25% in February, following a 50% rise in December and January. [...]
Morgan Stanley looks east for services
Alongside India, Eastern Europe may yet emerge as banks’ back office location of choice. News reports suggest Morgan Stanley is preparing to open a new centre in Hungary. Finextra.com says Morgan Stanley is planning a new 400-person research, accounting and IT service facility in Budapest. The website quotes Nepszabadsag, a Hungarian daily paper, which says [...]
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