UK
Sector: Trading
A very brief guide to becoming a $17bn hedge fund manager
We’re a little late with this, but BusinessWeek published an interesting article earlier this week on Michael Platt, co-founder of BlueCrest Capital Management, London’s third largest hedge fund. For those who aspire to follow in Platt’s footsteps, or to get a job at BlueCrest by astonishing Platt with their interest in his path to hedge [...]
A rule of thumb for judging how much you should be earning in a sales/trading role?
This may be spurious, but as it’s still early in the year and we’re working our way back to optimum productivity, we thought we’d give it an airing and offer you the opportunity to agree, or not. In the dying days of 2009, a reader left a comment on an article suggesting a simple way [...]
A Q&A with a former VP who’s set up a prop shop
Sachin Shah is the founder and senior trader at Savi Trading. He was previously a vice president at Bank of America on the spot trading desk, where he traded the Yen book. How long were you at BofA for? 6.5 years What inspired you to leave? The reward structure changed and I felt that hard [...]
There is unprecedented demand for project managers
(Most) banks may have returned to profitability, but there’s still a big emphasis on costs and efficiencies. With it, there’s a big push to drive through projects which will cut one and increase the other. Project managers are in business as a result. “Demand is very high,” says Sally Martin, associate director at recruitment firm [...]
Is RBS really so desperate to hire?
When we posted an article last week suggesting who might be hiring in the short interval before Christmas, some of you pointed out that we’d missed off RBS. The bank has allegedly being approaching all kinds of people in its zeal to recruit. So how desperate is it? In some areas, the answer appears to [...]
Someone wants to fill five vacancies in the next 3.5 weeks
As part of our ongoing campaign to facilitate the discovery of new jobs before Christmas, we’d like to highlight somewhere which tells us it’s looking for five people before December 25th and is currently only at the CV collecting stage. Celestino Amore, former HSBC trader-turned managing director of London-based IlliquidX, an asset trading platform specialising [...]
Ample opportunities for equity derivative flow traders in 2010
The European equity derivatives market may have fared much better in the second half of 2009 than the first, but it’s the coming 12 months when the sector is really tipped to grow. As a result, many investment banks are beginning to build their trading teams. US research firm Greenwich Associates has just completed its [...]
Why it’s worth recruiting in FICC – even now
With bonuses imminent and most fixed income currencies and commodities staff expecting theirs to be large, buying someone out in November may seem lunacy. But UBS’s third quarter results illustrate why – even at this late stage in the year – it may be worthwhile. Having scaled back its fixed income operations dramatically in 2008, [...]
Is it really that common to earn 1m+ at an inter-dealer broker?
For an industry eager to shed its reputation for employing lavishly paid wheeler-dealer barrow boys, the ongoing legal tussle between inter-dealer brokers Tullett Prebon and BGC Partners is a PR nightmare. But are the sort of million pound plus packages allegedly offered to lure talent really reflective of the money you can earn in this [...]
The new, new prop traders
As we mentioned last week, prop traders appear to be rising up the desirability ranks, despite the fact that UBS, Deutsche, Calyon and JP Morgan have either killed off or partially dismembered their prop trading desks. However, the new prop traders may well be different to the old ones. In his interview with the Financial [...]
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