UK
Sector: Trading
Job wrap: Going, going, gone
There were a lot of departures in the world of European finance last week, some more deliberate than others. It emerged that Fox-Pitt, Kelton, the financial services specialist investment bank, had seen the back of four senior corporate financiers. John Wells, London global of corporate finance, and Mark Davidson, London head of corporate finance for [...]
Is electronic trading a springboard to sales? Ask the Expert
A: Your firm is right that electronic trading in its various guises is a hotshot area and that cash equities are in decline. People are expensive, and computers are faster, more agile and more reliable than human beings, so banks are replacing them with technology wherever they can. Cash equities have been hard hit by [...]
Job wrap: Heavyweight moves in investment banking
There was no shortage of hiring announcements last week, where the weightiest fell in the world of investment banking. Lazard hired Riccardo Pavoncelli, a veteran Morgan Stanley banker, as head of European cross-border transactions. Pavoncelli, who was head of banking in Italy and a co-head of its European media and telecom advisory group, will be [...]
Tradition poaches government bond team
Tradition, the money broker, is launching a 12-strong European government bond team and has poached Iain Jackson, head of government bonds at rival MIS Interdealer Brokers and eight of his colleagues to staff it. Tradition is creating the division in a bid to capitalise on the fast-growing volumes in the industry. It will compete with [...]
Bonuses to be Sweet for Equity Derivatives Staff
After a bumper year and a rush of hiring, recruiters say equity derivatives specialists are on track for bigger-than-ever bonuses. “If banks want to retain people in equity derivatives they’ll need to pay bonuses that are 10% to 30% up on last year,” says Doug Hanslip, a specialist equity derivatives consultant at Korn/Ferry International in [...]
JP Morgan strengthens European cash equities
JP Morgan has made three senior appointments at its cash equities business, bringing to 12 the number of new hires in the division this year. Ed Allchin, Michael DeNardo and Andrew Holder have joined the firm as vice-presidents in European cash equities, and will be based in London. The new hires illustrate JP Morgan’s investment [...]
Where Next for Equities Traders?
This isn’t a great time to be working as an equities trader. In the past four months, both Goldman Sachs and UBS have slashed U.S. equity trading teams by up to 10%. Recruiters warn of more cuts to come, and lower bonuses. “There will be further redundancies for equities traders before December,” predicts Joe McCann, [...]
Corporate finance jobs set to take off
Employment in corporate finance in London will jump by 12% to 14,400 this year, according to the Centre for Economics and Business Research. In its latest quarterly business forecasts for London, the consultancy predicted that corporate finance would have the highest jobs growth rate of any financial sector this year. International banking is likely to [...]
Job Wrap: Hiring spree at Calyon
Calyon, the French investment bank, put paid to notions that the French spend all of August prostrate somewhere on the Côte D’Azur last week. It was the week’s most vigorous hirer, adding four staff members and promoting one more. New recruits included Steve Nutland from Bank of America, who joined as global head of foreign [...]
Follow eFinancialCareers
What is RSS?
Advice
