UK
Sector: Sales & Marketing
Q&A: J.P.Morgan’s David Sayer, head of Asia equities trading and execution
Q: What made you want to become a trader as opposed to another banking position? A: I got my start in banking when I was just 18, heading straight to the City of London in 1995 after completing college. I was an A-level trainee at a J.P. Morgan heritage firm Robert Fleming & Co. I [...]
Salespeople are hot, traders aren’t. Rates traders may be especially challenged
The big news this morning is that Goldman Sachs no longer loves its traders, it loves its salespeople. Feeling unloved, Reuters points out that its traders are leaving, especially in rates where has been a lot of movement of heartbroken traders seeking affection elsewhere (eg. Nomura). We pointed out banks’ enthusiasm for salespeople last year. [...]
POSITIVE NEWS: The UK government is providing an enormous boost to some broking jobs
You could be forgiven for noticing it given the other events of the moment, but last week stockbroker WH Ireland announced its first interim profit for four years, along with a 30% increase in its revenues. WH Ireland is not a big bank. Even after the increase, its revenues were still only 11m. But it [...]
GUEST COMMENT: I’ve made 400 applications and 5 months later, I still can’t find a job
I’m a Hong Kong permanent resident in my early thirties. I have a UK degree in business and economics, an ACCA at the foundation and certificate stage and a postgraduate certificate in business management & IT. I’ve sent out 400 job applications over the last five months, but I’m still very much unemployed. My last [...]
If you can’t do this, you will never be hired for a new sales job in an investment bank
We have already mentioned what you might be asked if you’re a student-type going for a sales job in an investment bank. But what if you’re a bit more senior and have been working in sales in banking already. What then? Then it will be a different matter. Getting hired for a more senior sales [...]
Lunchtime Links: Actually, it looks like BAML has had a very good quarter in sales and trading
Today is the day when BofA Merrill and Goldman announce their 3Q results. We’ll deal with Goldman imminently, but for the moment it’s worth noting that what remains of Merrill Lynch seems to have had a very good quarter in sales and trading – despite dire predictions about falling volumes. Sales and trading revenues at [...]
Arguably the best banks to now work for within equities, sales and trading, FICC and M&A
As part of its look into how the investment banking world has transformed since the halcyon days of 2007, Financial News has assessed how the rankings have changed since then across various business areas. The results, perhaps surprisingly, show that although the deck has been shuffled quite significantly since that time, the firms at the [...]
Is working for Liberum Capital now a more appealing prospect?
Cast your mind back, and you may remember the struggles of Liberum Capital – the boutique investment bank born on the cusp of the financial crisis in September 2007 – and the issues it faced last year keeping star analysts away from the grips of high-paying bulge brackets. This year, it’s already taken steps to [...]
Who won and who lost in sales and trading in the second quarter?
Now that JPMorgan, Bank of America, Citigroup, Goldman, Morgan Stanley, Credit Suisse, Deutsche and UBS have all reported second quarter results, it’s possible to get a better idea of who performed well, and who didn’t, in Q2. Jon Peace and the analysts at Nomura have produced clean results which show sales and trading revenues at [...]
European banks, and European banking jobs, could benefit massively from US banking legislation
JP Morgan analyst Kian Abouhossein has issued a research note, and it isn’t pleasant reading, particularly if you work at a US investment bank, in the US. According to Kian, the US banking legislation currently being juggled between the House and the Senate has the potential to bring about the following outcomes: 1) Global returns [...]
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