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Having a global boss based in Asia could be very good for your career
The past couple of months have seen some investment banking heads relocate to Asia from the West. It’s easy to see why; after all the region has been repeatedly described as the engine of growth. Having your top people here truly matters from a business standpoint. As Jes Staley, chief executive of J.P. Morgan’s investment bank, [...]
Kahlschlag bei Lombard International: 94 Arbeitsplätze fallen in Luxemburg weg
Das Streichkonzert im Backoffice der Luxemburger Finanzdienstleister kommt jetzt auch bei Lombard International Assurance an. Bei dem führenden Lebensversicherungsunternehmen im Großherzogtum sollen in den kommenden drei Jahren insgesamt 94 Jobs wegfallen. Damit streicht das Unternehmen 23 Prozent seiner noch 409 Arbeitsplätze, wie das Unternehmen jetzt mitteilte. Konkret sollen noch im laufenden Jahr 25 Stellen gestrichen [...]
A retinue of depressing bullet points about investment banking compensation from McLagan, the secretive banking pay specialists
When McLagan speak about investment banking pay, it’s worth taking note. Compensation benchmarking specialists, they work with leading investment banks to help determine whether they’re paying people appropriately. McLagan’s findings are, usually, strictly confidential. Now, however, McLagan has participated in a study with the Association for Financial Markets in Europe. And the results are public. [...]
Everything you need to know about Deutsche Bank’s Accelerate scholarship for candidates of black African, Caribbean or mixed black heritage
We spoke to Andre Flemmings from Rare, a diversity recruitment company which runs a scholarship programme in conjunction with Deutsche Bank to get more black students into banking. This is what Andre told us: What is the Accelerate Scholarship exactly? It’s a scholarship programme offered each year by Deutsche Bank to candidates from back African, Caribbean, [...]
The Runaway MBA: Insecurity and immaturity made me join the MBA masses. Don’t make the same mistake
I can’t remember the exact point at which my interest in pursuing an MBA first arose. But I know it was sometime during my undergraduate years because I attended an institution that housed one of the best MBA programmes in the world, so I thought “perhaps someday”. My school’s career services instilled in us the [...]
Daily Dispatches: Large Facebook losses for UBS and Citi
The market-making arms of UBS and Citigroup suffered combined losses of about $US50m on trades made during this month’s glitch-plagued listing of Facebook on the Nasdaq Stock Market. (The Australian) Dealogic league table roundup, May 25: Goldman Sachs continues to lead the Asian league tables for equity capital markets, while HSBC heads the debt capital [...]
The reluctance of senior financial professionals to leave Sydney and Melbourne isn’t exactly helping the talent shortage in Perth and Brisbane
Experienced financial professionals in Sydney and Melbourne are less inclined to move to roles in Perth and Brisbane than their Gen Y counterparts, which is creating skill shortages in the Western Australia and Queensland capitals. Brisbane, for instance, lacks financial planners because employers there want people with extensive experience and an established client base. A [...]
Q&A: From senior banker to owner of an aesthetic clinic in London, former Russian banker Anna Saprykina explains her career path
Anna Saprykina is a self-made woman. From provincial Russia, she moved Moscow and started out as a personal assistant ten years ago. From there, she became Head of Credit of Structured Trade Finance at one of the major banks in the UK before opening her own business, and aesthetic clinic Body Silk and attracting an [...]
Needed in Ireland: Expertise in implementing Solvency II
In 18 months’ time, Ireland’s insurers will need to have implemented the European Union’s Solvency II directive stipulating that insurers have to hold far stricter capital reserves in response to the risks they underwrite. In the UK, the response has been fevered recruitment of solvency II practitioners, often on a lucrative contract basis (up to £2k [...]
Unfortunately, only 10% of financial services professionals think Russia can become a global financial services centre by 2020
Andrey Sharonov, mayor of Moscow, has big intentions when it comes to transforming his city into a global financial centre. Earlier this year, he told journalists that 90% of Moscow’s budget will be devoted to this end and that he wants Moscow to rank among the top ten financial centres on the Global Financial Centres [...]
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