If you want a banking job in London now, you should try a Canadian bank. Financial News says BMO Capital Markets, the investment and corporate banking arm of BMO Financial, Canaccord, which acquired UK broker Collins Stewart Hawkpoint at the end of 2011, and CIBC, are all hiring. So too, apparently, are Canadian boutiques, including GMP Securities, Dundee Securities and FirstEnergy Capital, an oil and gas specialist. Analysis by Financial News shows that the number of FSA-registered staff at the 10 largest Canadian banks in London has risen 44% since January 2009, to 1,160.
Separately, Bloomberg has a more sombre story predicting banking job cuts to come. It says JPMorgan is most at risk of removing staff this year: 17,000 reductions are scheduled across the bank by the end of 2014.
Mysteriously, Jamie Dimon and his wife have bought a new office unit. (Bloomberg)
Morgan Stanley intends not to pay $100-$200k of the deferred compensation it owes Matthew Taylor. (WSJ)
Citigroup hired Christian Kames from Goldman Sachs to head German M&A. (Bloomberg)
Bank of America’s head of Asian DCM was promoted two weeks ago. Now he’s left. (WSJ)
Why you should work for Qatar’s sovereign wealth fund. (Reuters)
Brevan Howard has hired Neilan Govender, a former senior currency and rates trader at Credit Suisse. (Financial News)
Climate change could lead to turbulence for travelling bankers. (Financial Times)