US
Company: UBS
Tax free investment banking salaries on the up in Dubai
If you’re a senior investment banker looking for a new position, the United Arab Emirates is not necessarily the best place to apply – jobs have been cut, few new opportunities are presenting themselves and the anaemic fee pool has only been edging up for the past few years. There is one advantage to making […]
Europe wrangles with quality of wealth management
European regulators are demanding that wealth managers are better qualified, but private banks are still attracted by star quality, rather than building from the bottom up. Despite all the talk of a skills-shortage in Asia, which resulted in private banks hiring hairdressers, there’s a dearth of talented wealth managers between 30-40 years old able to […]
Fear factor: bankers only have 50 days to find new jobs
How quickly do you need to find a new job if you’re a banker who has been laid off? Very, it would seem. An analysis of 10 recent hires at major banks in London shows that on average experienced bankers spend only 50 days between jobs. Data from the UK’s Financial Services Authority (FSA) register […]
11 things bankers could learn from the genius of Alex Ferguson
Sir Alex Ferguson, who is retiring, was more than just the manager of a football club. In the words of friend and football writer Glenn Gibbons, he was “to Britain’s football community what the Queen is to the population at large.” During his 27-year career at Manchester United, Ferguson transformed the club from an assortment […]
When investment banking jobs lead to a dead end
If you want to work a 40 hour week, investment banking is not the place to do it. One junior investment banker got in touch with us via Twitter to say he’s usually done 40 hours by Tuesday – or maybe Wednesday. “I normally hit 40 hours by late on Tuesday,” he claimed – before admitting […]
RBS takes the axe to senior investment banking tech team
Royal Bank of Scotland has cut three senior technologists in its investment bank as it looks to streamline its IT functions. Jon Butler, head of electronic trading, markets at RBS and Ian Morris, head of prime services and financing technology have left the bank, according to sources close to the situation. Butler is relocating to […]
UBS CIO Ashton-Rigby leaves for J.P. Morgan after less than a year
Mark Ashton-Rigby, the current chief information officer (CIO) for UBS’s investment bank, is leaving for J.P. Morgan after less than a year in the job. Ashton-Rigby is set to take the role of head of banking technology at J.P. Morgan in New York in August, according to sources. He joined UBS in May 2012 after […]
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 […]
The Talent Drain on Wall Street
With all the job cuts on Wall Street, you wouldn’t figure banks would be having trouble filling empty seats. Apparently they are, at least according to a new survey. Nearly nine out of 10 financial services executives find it a challenge to recruit skilled financial services employees. The new study, commissioned by search firm Robert […]
Ten key facts about the first quarter results at Deutsche Bank and UBS
It’s results time for Deutsche Bank and for UBS. Deutsche Bank’s results are available here. UBS’s results are available here. If you lack the time to study each bank’s release in detail, this is what you need to know. 1. UBS has been vindicated in its decision to slash fixed income trading In the first quarter of […]
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