UK
Sector: Sales & Marketing
Top names may jump ship at HSBC
HSBC is braced for defections from its corporate investment banking and market (CIBM) division as guaranteed compensation packages paid to its bankers under the departing John Studzinski start to run out. Studzinski, who resigned last week as co-head of CIBM, is joining private equity firm Blackstone with a remit to build its corporate advisory business. [...]
Five more exit DrKW
Five staff have resigned from Dresdner Kleinwort Wasserstein’s equities business to join Bear Stearns and JP Morgan in the latest in a series of departures from the German bank. Dominic Squire, a European industrials and transport trader, Ian Tindale, a pan-European financial trader, and Laurent Dubois, a pan-European salesman to French investors, have all joined [...]
Equities departures dent DrKW
Dresdner Kleinwort Wasserstein has been leaking equities staff in recent weeks. If it wants to replace them, recruiters say it may need to pay hefty guaranteed bonuses. Last week Robert Lister, co-head of equities, left DrKW, following in the footsteps of the bank’s head of capital markets, its head of European equity sales trading, and [...]
Investment bankers set to profit most from 2006
A new report suggests investment bankers and equities professionals will see the biggest increases in their pay this year. However, the future looks less bountiful for fixed income bankers and fixed income fund managers. The latest report from Wall Street Compensation specialists Johnson Associates, suggests investment banking types (read M&A bankers and corporate financiers) will [...]
Foreign exchange VPs in demand
Despite excitement and expansion in the foreign exchange market, hiring in the area appears to be strong rather than spectacular. Recruitment for emerging markets FX sales teams and Italian corporate sales teams is said to be particularly perky. Dominie Moss, a consultant at search firm Sheffield Haworth says most banks are interested in hiring FX [...]
Calyon closes UK equities business
Cheuvreux, the broking arm of French bank Calyon, has shut down its London-based UK equities business, making 27 staff redundant. Calyon was not immediately available for comment, but a source close to the firm confirmed the closure. Cheuvreux’s UK equities team employed 27 people, consisting of 17 analysts and 10 salesmen, all of whom have [...]
White label funds call for new talent
A trend for white labelling fund management products is set to transform the skill set needed to work in the asset management industry, predicts one consultant. Amin Rajan, chief executive of research company Create, says a trend for fund management companies and banks to repackage and market funds managed by outside firms – rather than [...]
SocGen AM goes after hedge funds sales pros
Société Générale Asset Management is the latest company to wade into the overheated market for hedge fund sales staff. The hedge fund arm of the French asset manager, Société Générale Asset Management Alternative Investments, is looking to create a specialist hedge fund sales force according to Global Investor Magazine. The report suggests SGAM AI is [...]
Deutsche boards the Indian express
Deutsche Bank is the latest international securities firm to boost the number of jobs to be based in India. News reports suggest the German bank is ready to substantially increase the number of back office sales and trading and research positions based in the subcontinent. The Financial Times reports that Deutsche will increase its number [...]
Scandinavia opens up to derivatives
Investment banks and fund managers are on the look out for people to sell derivative and fund products to the Scandinavian region. “It’s seen as a growth area,” says Petra Rickmeyer, a director at London-based search firm Hoggett Bowers. “Every single major investment house has strengthened their coverage of the Scandinavian market.” In most cases, [...]
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