The Irish government has concocted an almost unfeasibly generous scheme to bring jobs to Ireland. If you’re sick of banking and want to do something entrepreneurial whilst getting paid handsomely, or if you’re working in banking and in a position to persuade your employer to set up an Irish subsidiary or move you and your colleagues to Dublin – this may be of interest.
Connect Ireland is open to, “everyone around the world,” regardless of nationality, as long as they can introduce the Connect Ireland staff, “to a company that is expanding internationally.” In the event that you introduce a company that does locate, you will receive a “substantial reward.” How much? At least €1.5k per job, and €3k per job if you create a, “minimum of 30 sustainable jobs within a 12-month period.”
The full rules are visible here. The Independent helpfully points out that some people might earn €300k from this.
Blackrock is opening a new base in Dublin and hiring 25 staff. (Inside Ireland)
Ahmass Fakahany, former henchman to Stan O’Neal, has set up a very successful restaurant chain which has hired back office staff from Goldman Sachs and offers deferred bonuses to sommeliers. (NY Times)
The NYC Dept. of Health better hope he’s more adept at running restaurants than he was at running Merrill. (Big Picture)
RBS has made a lot of equity derivative redundancies in Asia. (Finance Asia)
RBS equities staff have mostly been sent home, ‘awaiting a formal redundancy date,’ and are therefore still being paid. (Financial News)
The old “Warburg culture”, which had proved remarkably resilient and had helped hold UBS's investment banking division together, could end up being disrupted by Orcel’s arrival. (Financial News)
What are the mathematical methods I can learn independently, and applied to finance, as opposed to spending $20K to earn a CQF certificate from Wilmott that essentially teaches these methods? (Quora)
The up and coming 3rd place candidate in the French election wants a tax of 100% on incomes above €1m. (Guardian)