In the latest hiring roundup, Moelis is growing in Europe, Barclays is adding headcount in Asia and HSBC reveals aggressive risk and compliance plans.
Moelis on European push
Investment bank Moelis & Co. is hiring in Europe. It adds most of its headcount through internships, though.
HSBC adds to M&A team
HSBC is continues to hire for its natural resources M&A team. It just hired veteran M&A banker Adam Brett, who has been out of the industry since 2012.
Barclays hiring in Asia
Barclays is cutting jobs globally and is no longer paying a premium for investment bankers, but it is hiring in Asia. Indonesia is a place of “particular focus,” according to Barclays.
HSBC’s huge hiring plans
Saying that HSBC is hiring aggressively in controls would be an understatement. Just a few years ago, the banks had 1,750 people working in risk and compliance. By the end of this year, it expects to have 7,000.
US regulators need more bodies
The Commodity Futures Trading Commission is asking for a bigger budget. If it is successful it is sure to do some hiring. And so will the Fed, the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. They want to add more on-site examiners to better snoop on banks.
Credit funds thriving
If any particular hedge fund is hiring, it’s likely to be a credit fund. They are seeing massive inflows in 2014.
Re-hires at Pimco
Pimco has hired three investment officers in the last month. The only thing is they all used to work for Pimco, so you may need a very specific resume.
Hedge fund hiring speed picks up
Hedge fund hiring has picked up generally as institutional investors pump more assets into the industry. Also, the hiring process has sped up, with some receiving offers within weeks of first interviewing.
Franklin growing institutional team
Franklin Templeton Investments is building out its UK institutional team in an effort to attract more local assets.
GAM hiring quants
Zurich-based GAM Holding is hiring quant specialists as it looks to grow its alternatives team.