UK
Tag: Equity research
Everything you need to know about JPMorgan’s investment banking predictions for 2012
Is 2012 really going to be worse than 2011? If you lose your job in a bank now, will you really be able to get another one, without going into asset management? JPMorgan analyst Kian Abouhossein and the bank’s fourteen person equity research team have produced a detailed report on the European banking outlook for [...]
Equities staff are increasingly overworked and increasingly junior
Equities headhunters point to a new trend: culling expensive senior staff and promoting juniors, who then end up having an excessive amount of work to do. Search firm Sheffield Haworth issued a, ‘Viewpoint,’ document on the cash equities industry last week. Here, it said that: “Equity salesmen are forced to cover more accounts and analysts [...]
Why don’t banks in London bother with applications from Indian candidates?
It’s not a particularly politically correct question, but it’s a reasonable one to ask – recruiters in London tell us they get thousands of applications from candidates on the subcontinent, but almost always disregard them. If you’re an Indian applicant, this is clearly annoying – especially as many banks have off-shored elements of research and [...]
Feelers are coming out of UBS’s equities team, but NO ONE is hiring
Things have progressed since we last looked at whether anyone is trying to find an alternative employer to UBS. Last week, no one was. This week, some people are. Equities headhunters say persons from the Swiss bank’s highly ranked equity research team are indeed getting in touch. “I’m meeting a UBS analyst this afternoon,” the [...]
Accounting firms are hiring massively now and will fire massively later, says the head of recruitment in an investment bank
Banks are firing, accountancy firms are hiring. Accountancy firms are not just hiring in small numbers; they are hiring in huge numbers. Deloitte has declared its intention to hire 68,000 people over the next four years. That’s equivalent to nearly two Goldman Sachs’ worth of employees. This year it hired 49,000 people. PricewaterhouseCoopers is equally [...]
Alleged redundancies at Berenberg suggest the speed with which the equities hiring market has turned necrotic
One minute Berenberg was hiring. Now, we hear, it has been firing. In July 2010, it declared its intention of hiring 25 people to its equity research team in London. In the event, equities recruiters say it hired something more like 65 people across its London business. Now, after bringing all those people on board, [...]
YOUR KILLER EQUITIES INTERVIEW QUESTIONS: What is the effect on a company’s liquidity and leverage ratios if it pays a stock dividend?
Here’s the latest question sent in by site visitors who have attended equities interviews at investment banks. This question has allegedly been asked at equity research interviews at BNP Paribas. The answer has been suggested by the person who submitted the question (and is not being advocated by us). If you disagree with the answer, [...]
Lunchtime Links: Reasons to believe City workers are still relatively sanguine about job security
In times of turmoil, it’s always reassuring to know that there’s no shortage of commentators willing to indulge in a bit of hyperbole. Bloomberg has helpfully pointed out that after UBS’s redundancy announcement yesterday, European banks have now cut 40,000 jobs in the last month. Maybe so, but the vast majority of this figure comes [...]
Q&A: Citigroup’s Central European Banking head talks about his career and explains why he prefers candidates with a sense of fun
Linos Lekkas, Citigroup’s head of banking for Greece and Cyprus and recently promoted Central Europe banking head, has answered our questions about his career in investment banking and the fact that – ultimately – it is personality that makes a senior banker stand out. This is Linos: This is what he said: 1) How long [...]
RBS has no aspirations to compete with US investment banks, and is shedding 10% of its GBM employees
Earlier this year it looked as though RBS had a point to prove; it was rebuilding its investment bank. Yes, it had cut over 5,000 people from its global banking and markets (GBM) division since the heady days of 2007, but the first quarter of 2011 was one of expansion. It had hired 300 people [...]
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