ZA
Fantasy holidays for the fortunate banker
Holiday season is approaching and if you’ve recently experienced the weather in the UK, you may not be inclined to stay at home. With this in mind, a selection of boutique travel agents have suggested the following destinations for discerning bankers this year. Most will require a healthy bank balance. If this isn’t you, you […]
Late Links: Man has three daughters, advises them all to become traders
Paul Tudor Jones is getting a bad rap after saying that having babies is inimical to female traders’ profitability and that divorce and trading don’t mix. However, having made inappropriate comments Jones is now back-pedaling frantically. Jones says he has three daughters, all of whom he has advised to become traders like himself. His […]
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 […]
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 […]
Late Lunchtime Links: London bankers are overworked elitist snobs. J.P. Morgan shunting people into compliance
If you’re an investment banker in Paris, Frankfurt or Milan and you’re thinking of moving to London for the glitz, glamour, and weather, don’t. A new blog in the Guardian suggests that investment banking careers in the City of London aren’t nearly as heavy on excitement as people from more provincial financial centres might suppose. […]
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, […]
Quants and techies get social, autistic hires fall by the wayside
Quantitative hedge funds, derivatives desks and the programming teams of investment banks have supposedly long provided happy homes to people with autism, which are able to put their systematic mindsets to good use. However, the announcement from SAP that it intends to hire 640 people with autism to programme and test its products highlights an […]
New boss for South Africa’s First National Bank
Michael Jordaan, CEO of First National Bank, South Africa’s and Africa’s second largest bank by value, announced Wednesday that he will retire from banking. The 45-year-old will step down at the end of the year, and will be replaced by Jacques Celliers, current CEO of FNB business banking division. Jordaan will be remembered for introducing […]
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