Summer’s over. It’s the start of a new term and nearly the end of another quarter, but nothing’s really changed – except that the calls for another, larger, round of redundancies have become more urgent. Nomura seemed to reach this realisation last week, with its extra $1bn of cuts.
And yet, there is still hiring. There is even still hiring at the big investment banks. Needless to say, we have a lot of jobs advertised on eFinancialCareers but we can also make some impartial suggestions as to where is hiring now, in London, for front office roles. And that is….
Citi wants to increase the headcount of its European credit trading group by 5% according to Bloomberg. Coincidentally, search firm Veni Partners points out that Citi’s recently hired three fixed income sales professionals. It’s also hired a global head of commodities sales (Jose Cogolludo, based in London) and has appointed a new head of equities sales (Andrew Howell, who’s moving from London to New York). Fundamentally, Citi seems to be strengthening its sales function.
Commodities trading house Noble also seems to be hiring. Reuters reports that it’s just hired Mark Hansen from Brevan Howard to run its global metals business from London. It’s also said to have hired Paul Wilkes from the London Metals Exchange to run its hedging and prop trading desk. Noble is currently advertising for a c# developer in London, two trade support analysts on six month contracts, and an IT project manager for 12 months
3. Barclays (in ECM)
Barclays is more likely to be firing than hiring, but ECM could be an exception. It’s just hired Ralf Nachtigall, a senior banker from Rothschild, into a new role as MD and head of cash equity capital markets in EMEA.
4. Tower Research Capital
High frequency trading company, Tower Research Capital, is reportedly always interested in hearing from experienced quant traders. It’s advertising for developers (one quant, one infrastructure-focused) for its London office, and for two analysts.
5. Allston Trading
High frequency trader Allston Trading has had a London office since July 2011. It’s hiring too according to Minyanville.
6. Jump Trading
If you’re into high frequency trading, you could also try Jump Trading. It doubled its European revenues in 2011 (although only employed 10 people at the year end) and currently wants a clearing analyst, a quant researcher, and a software engineer.
7. DRW Trading
Another high frequency trading operation, DRW Trading wants a fixed income portfolio strategist and a trading analyst in its London office.
8. Gazprom Marketing and Trading
Last year, Gazprom hired 300 people in London. This year, it told us it wanted to hire another 300. It’s currently advertising 36 roles in London, including trading, analysis, risk and compliance roles.
9. Aquantum (in Munich)
Index Group Aquantum opened a Munich office in June.
Thomas Morrow, an ex-senior scientist at Winton Capital Management is setting up a new asset management division providing systematic managed futures funds out of Munich.
Aquantum is currently advertising for a trader and an intern.
10. Cantor Fitzgerald
Cantor Fitzgerald has let it be known that it wants to hire 1,000 people, although it only appears to have increased its FSA registered headcount by 23 this year. Veni points out that Cantor has recently hired a global head of internet and media research (Youssef Squali) and a two man team, based in New York.
11. China International Capital Corporation
China International Capital Corporation has only added 1 person to its FSA registered headcount since January, however, this may soon change. CICC recently hired Toby Clark, former MD at Deutsche Bank, as MD and head of investment banking in Europe.
12. CMC Capital
Veni points out that CMC Capital, the partnership set up Carlo Calabria, the ex-head of international M&A at Bank of America Merrill Lynch, has begun hiring. CMC has recruited Dilip Kejriwal, an equity analyst from UBS, and Paolo De Luca, a leveraged finance associate from Merrill Lynch.
13. Gleacher Shacklock
If you’re a European M&A banker who’s fearful for your future, you may like to know that boutique Gleacher Shacklock has been hiring. It recently recruited a director of corporate broking from Investec, a director in FIG from Lazard, and a healthcare VP from Citi.
14. Octopus Investments
Octopus Investments describes itself as an ‘investor solutions’ company. It’s currently advertising 15 jobs, including investment manager, product specialist and compliance manager
It’s also just hired an analyst who was a former PhD research associate from Imperial, and a principal who was previously at Vodafone Ventures.
15. Perella Weinberg Partners
Perella Weinberg doesn’t appear to be adding any new registered persons according to the FSA. And yet it’s just hired Nick Johnston, a former ED in healthcare at JPMorgan as an MD in healthcare for Europe.
16. The FSA
Ok, they’re not exactly front office, but the FSA does have 18 jobs going. Many are at an associate (junior level), but it’s also advertising for a ‘technical specialist’ to join its ‘wholesale conduct policy’ team.
17. Westhouse Securities
Corporate and institutional broking company Westhouse Securities also seems to be hiring. It increased revenues 32% in the year to December 2011 and recently added Joanna Parsons from UBS as head of equity research and Michael Donnelly from Cannacord Genuity as head of support services research.
18. Zolfo Cooper
Restructuring and advisory specialist Zolfo Cooper also seems to be hiring. It’s recently appointed Alfredo Bello as an MD in restructuring and is currently advertising for a senior associate for forensic and litigation services, plus two senior associates for financial advisory and restructuring, and has an experienced associate programme in Manchester
19. Troika Dialog
Fixed income salespeople who don’t want to send their CVs to Citi, could always try Troika Dialog. The Russian investment bank is keen to keep pace with its rival VTB and has recently hired Dean Tyler (from VTB) has head of international fixed income sales based out of London.Tyler may want to make a few hires of his own.
20. Macquarie Capital (for commodities)
Macquarie Capital didn’t have a great year in Europe in the 12 months to March 2012. It made a loss of £27m and cuts headcount from 218 to 204. Nevertheless, it seems keen to recruit – particularly in commodities. It’s currently advertising 28 roles in Europe, of which 5 are commodities-focused.