UK
Sector: Sales & Marketing
Portfolio trading sales to do more with less in 2006
It has been a good year for anyone engaged in programme trading. But recruiters warn of disturbances to come, particularly for people selling electronic trading products. David Korn, managing partner for Europe at executive search firm Options Group, says bonuses in portfolio trading should rise between 15% and 20% this year. “It has been a [...]
Nomura fires 25
Nomura today confirmed that it has sacked approximately 25 traders and salesmen in the bank’s London-based fixed income and capital markets divisions. Nomura employs 500 people in its global markets group in London. A spokeswoman refused to comment on who was fired or in which areas of the business they worked. The news came as [...]
Equity sales or hedge fund? Ask the Expert
A: It sounds like someone is overselling the hedge fund opportunity to you. It is notoriously difficult (though not impossible) to move from back to front office in investment banking. In hedge funds, it’s even harder. David Durham, MD of Durham Consultants, a headhunter specialising in hedge funds, advises: “I’ve never heard of that kind [...]
DrKW plots recruitment drive
Dresdner Kleinwort Wasserstein is planning to hire as many as 300 staff as part of efforts to boost profits and turn around its fortunes. The German investment bank, which is part of the Dresdner Bank group controlled by German insurer Allianz, employs around 6,000 staff, 2,100 of whom work in its capital markets division. Steve [...]
Fox-Pitt Kelton loses eighth executive this month
Philippe Annamayer, who joined Fox-Pitt Kelton as head of European banks research 16 months ago, has left to join a fund management firm. He is the eighth staff member to leave the investment bank this month. The departure of Annamayer, who specialised in coverage of French and Benelux banks, follows a raft of departures last [...]
New fund management business means hiring consultants
Instead, Fidelity hired Bianca Salzer, a consultant at Deutsche Asset Management, as its first ever director of consultant relations in Germany. Klaus Mössle, Fidelity’s German institutional business director, says the fact Salzer was hired before anyone else underlines the importance of the consultant relations role: “Consultants play an increasingly important role in the German market. [...]
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