Finally, you may say, we have some good news. As ever, it’s tinged with badness, but nevertheless.
Morgan McKinley’s emitted some new figures for new financial services jobs and new financial services candidates in London during August. The figures show new candidates falling to a five and a half year low, of 4,315. New jobs weren’t great, at an estimated 2,709 (down 34% year-on-year), but the drop-off in new candidates was so dramatic that the surplus of new candidates over new jobs was a mere 1,606. This were nearly four times as many surplus candidates in August 2011.
From this, we deduce that it should be four times easier to find a new job than it was in August 2011.
The chart below clarifies the situation.
London hedge fund Duet Asset Management has hired three people from Macquarie (one via KPMG) to set up an emerging markets macro fund. (Bloomberg)
Jefferies has hired 13 commodity traders from Natixis and aspires to be one of the top five brokers on the LME. (Bloomberg)
Paul Deighton: from Goldman Sachs, to the Olympics, to the Treasury. (Financial News)
Where to work if you want to get sponsored to do an EMBA. (London Business School)
Citigroup is launching a commodity trade finance business and has hired Kris Van Broekhoven from Deutsche Bank to take charge of it. (Financial Times)
Distressed debt funds are hiring in Europe. Strategic Value Partners has hired Steve McGuinness, formerly of Goldman Sachs. (Financial Times)
Another trader is implicated in the JPMorgan whale trade. Coincidentally, he is French. (Reuters)
Man takes picture of himself every day for 12 years. (Flowing Data)