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Ideal Vacation Spots for Rich and Not-So-Rich Bankers
“Luxury” is a subjective term. It all depends upon your point of view, and of course your bank account. With summer vacation season around the corner, and months of advanced notice needed to book tropical winter getaways, we complied a list of 10 of the hottest vacation spots for Wall Streeters in 2013. Five are […]
When traders go into marital meltdown
If you’re a trader and your marriage is breaking down, you may want to step back from the markets. On the other hand, maybe your marriage is breaking down because you’re a trader. Paul Tudor Jones, founder of Tudor Investment Corporation, said this week that when a hedge fund manager is going through divorce, you […]
Alternative mutual funds: Hot and hiring
Hedge funds may be providing sanctuary for a lucky few investment banking traders looking for a way out of the bulge brackets, but it’s hedge funds-lite – or alternative mutual funds – that are fast becoming the hot place to work. Alternative mutual funds act a lot like hedge funds, shorting with a range of […]
Nomura Eyeing Fixed Income Staffers in the U.S. and Abroad
Nomura is as manic as every other bank when it comes to cost-cutting, but apparently not in fixed income. The Japanese bank plans to beef up its fixed income staff in Asia, Europe and the Americas, where it just hired two managing directors for foreign exchange and interest-rates sales, according to Bloomberg. No hiring projections […]
The career switch that could help you get a job in Asia
If you have been struggling to find a banking job in the Asia-Pacific market, making the switch into insurance could be a good bet. Some unemployed bankers have already started migrating to a sector that may not have the status of investment banking, but offers more security. Local insurance firms and financial services recruiters have […]
Blankfein explains why Goldman won’t open a trading floor in Salt Lake City
Today is the day of the Goldman Sachs annual general meeting in Salt Lake City. This is the first time the bank has held its AGM in Utah, some 2,000 miles from Wall Street, and it may not be the last. Together with Dallas, Bangalore and Singapore, Salt Lake City has been identified as one […]
Bloated bankers advised to live like Christine Lagarde, Nassim Taleb
If you’re working in banking and are suffering from exhaustion, digestive problems or just general bloating, you may want to take some leaves from the lifestyle manuals of Christine Lagarde and Nassim Taleb. Alice Mackintosh, a nutritional therapist at the Food Doctor Clinic in London, said people working in jobs like banking – where lunch […]
The Key to Making it in Wealth Management: Who’s Your Daddy?
Analytical skills, business savvy and a great work ethic: these are not the things that will get a job in wealth management as a twenty-something. Rather, you need to know a host of rich people – family and friends, mostly – who are willing to do you a personal favor. Succeeding as an entry-level financial […]
How expat bankers can still succeed in Saudi
Saudi Arabia has long been viewed as a hardship posting for expat financial services professionals, but as opportunities shrink in other Middle East locations the kingdom has continued to offer jobs. However, a new push to recruit local candidates has meant it’s become an uphill struggle for foreigners to move in, but expat expertise is […]
DeRegt’s not alone in fleeing Morgan Stanley. Nomura hiring everywhere
Morgan Stanley’s fixed income business is in a state of upheaval, but anyone thrown off balance at the U.S. bank can seek solace at Nomura, which says it’s hiring fixed income professionals worldwide. In an unusual example of reverse nepotism in financial services, Ken deRegt, the 57 year old head of Morgan Stanley’s fixed income business, […]
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