In the latest hiring roundup, London banks appear desperate for healthcare bankers, UBS adds to its investment bank in the Americas and one trading firm is providing refuge to sell-side commodities traders.
RenCap opening new office
Renaissance Capital is opening its new office in Dubai this summer. Within its MENA equities group, RenCap will look to hire two to three research analysts this year plus a host of new recruits in 2015.
Prudential gets serious about wealth management
Unlike competitors, Prudential is growing its wealth management unit through individual and team hires, rather than acquisitions. The insurer has made more than 40 middle- and senior-management hires since last year alone.
Time to get active
The number of new activist hedge funds has more than doubled in the last year. Most are making a killing, too.
Refuge for commodities traders
Freepoint Commodities, the trading firm set up by former RBS Sempra employees, has been hiring commodities traders from investment banks.
Public firms hiring accountants, finance pros
At public companies with more than 5,000 employees, finance and accounting headcount is up roughly 20% year-over-year. At large private firms, headcount is only up 4%.
UBS growing investment bank in the Americas
UBS has poached Jerry Marcus from Bank of America. He’s set to become the new chairman for its Americas investment bank. UBS has been beefing up its U.S. investment bank in recent months.
London firms in need of healthcare bankers
RBC, Bank of America and several other firms are desperate for healthcare bankers in London. The European healthcare market is booming.
Compliance consulting is red hot
More than 200 financial compliance companies have opened their doors in the last year. Banks are hiring them as consultants, often paying individuals north of $1k a day for project-based work.
Credit Suisse needs debt bankers
Credit Suisse is adding staff to its leveraged finance team in an effort to take advantage of Europe’s thriving debt market. The Swiss bank has one glaring need for a senior person in Spain.
Consulting headcount exploding at Deloitte
Deloitte is looking to beef up its consulting practice in Asia. The Big Four firm has already hired 90 employees in Hong Kong over the last nine months and is looking to eventually triple headcount there.