In this trying time, it may seem as if no one's hiring in London and that everyone's either firing or sitting on staff in much the style of Citigroup's equities business. This, however, would be wrong. One organisation still seems to be expanding. That organisation is: Markit.
Financial News reports today that Markit increased its global headcount by one third in the twelve months to December 31st 2011.
December 31st was, obviously, nine months ago, but a brief perusal of Markit's website reveals that it's currently looking for 35 people in London. Markit is also thought to be among the firms bidding to be the new Libor administrator, suggesting it could be in need of even more staff in future.
Separately, it seems Standard Chartered may be interested in picking up M&A bankers opportunistically. Yesterday, it revealed that it's hired Tom Willet, former chairman of M&A at RBS, to be its head of M&A for Europe. Willet is evidently not moving into the boutique which is due to split out of RBS later this year.
Alistair Nisbet, former co-head of chemicals at Lazard, has launched a new boutique – Natrium Capital. (Financial News)
An EU report is going to call for bonuses to be paid in debt. This could be a good thing. (Financial Times)
No, your pay will not rise for some time. (Evening Standard)
Like Vickers, the EU now wants banks to separate trading activities from retail banking activities. (WSJ)
JPMorgan is the only investment bank whose market value has increased since the financial crisis. (Financial Times)
Revenues at E&Y’s advisory unit are rising 16% a year. (Financial Times)
A senior corporate broker at Deutsche who's accused of insider trading had very recently been promoted to MD. (Financial Times)
Deutsche’s head of systemic risk, who was one of the first ever credit derivatives traders at Goldman Sachs, is leaving.(Bloomberg)
Does equity research offer the best work life balance? (Wall Street Oasis)
Equities traders face their worst year since 2006. (Bloomberg)
J. Aron has taken over Goldman Sachs! (NY Times)
What it’s like at a Chinese jobs fair. (Twitter)
Five most popular careers for girls. (Telegraph)