UK
Tag: Career switch
Battered banking contractors seek public sector sanctuary
Faced with rate cuts, shrinking job opportunities and ultimatums to take a permanent role, IT contractors in the financial sector are increasingly looking to the public sector for new opportunities. It’s been a bad time to work as an IT contractor in banking – rates have remained stubbornly low since the blanket pay cut in […]
Six new London hedge funds where bankers and traders can find jobs
Large international players are scaling back, but there’s a slow gravitation of investment bankers either going it alone or moving to boutique operations and hedge funds. In the last two months these six hedge funds have been given the thumbs up from the UK’s Financial Conduct Authority (FCA). Some are still building their teams. 1. […]
How to get a job in a sovereign wealth fund
To some, sovereign wealth funds (SWFs) are bureaucracy-heavy public-sector institutions that financiers gravitate towards in the winter of their career. To others, they’re increasingly important international investors offering attractive jobs to seasoned bankers. Whatever your view, SWFs are continuing to recruit while other financial services firms are still scaling back. Only last week Dubai International […]
Would you quit Goldman Sachs for life as a headhunter?
It’s notoriously difficult to secure a role at Goldman Sachs and, once in, loyalty is expected and employee turnover remains low, at least for those who cut the mustard. Would you give it all up for a career as a headhunter – an occupation bankers sometimes compare to a used car salesman? Sophie Saeed, who […]
Coutts hiring in London, Dubai and Geneva
Michael Dismorr gives every impression of being a globe-trotting banker. He’s from Zimbabwe, and has worked in Switzerland, Sweden, Saudi Arabia, the UK, the US and now Dubai. Had he not turned down a job in New York to stay in Geneva, he would never have made the switch from asset management to private banking. […]
Credit Suisse snaps up top Gulf private banker
Credit Suisse may be losing investment bankers in the Middle East, but it’s succeeded in poaching a senior private banker in Bahrain. Rabih Demashkieh is set to join Credit Suisse this month, as a director in its Bahraini private bank, having previously worked as a principal in the investment placement team of investment bank, Arcapita. […]
Could you cut it at a sink-or-swim hedge fund?
An increasing number of hedge funds are willing to take a punt on former investment banking traders seeking a new sanctuary from the job cuts. However, if you can’t prove yourself in a short period of time, don’t expect to be kept on for long – some hedge funds are cut-throat when it comes to […]
Lunchtime Links: Goldman’s fiscal dodge, why banking stock options aren’t so bad
Goldman Sachs sped up paying share options worth $65m to senior executives in order to avoid the higher rate of tax for those earning over $400k, just hours before the fiscal cliff deal was finalised. The bank would normally have granted the stocks in the January bonus pool, but accelerated the payments in order to […]
Investment banks are slashing bonuses for technologists, hedge funds are increasing them
If you work in a technology role within an investment bank currently, don’t expect much of a bonus this year. However, if you’re one of the lucky few able to make the switch across to a hedge fund, expect your pay to increase. Hedge funds are increasing both base pay and bonuses for technologists this […]
Compensation survey: global pay for hedge fund investment professionals
Hedge funds remain more willing than most types of financial services organisations to pay large bonuses to top performing staff, but compensation has remained relatively flat for the majority of people working in the sector. What’s more, recruitment requirements are getting tougher. Headhunters Glocap have produced their annual report into hedge fund pay expectations. It’s […]
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