In the latest hiring roundup, UBS is setting up a new risk unit, high-speed trading firms are loading up on juniors and Fortress preps a new fund.
High-speed trading firms adding talent
High speed trading firms XR Trading, DRW Trading and Sun Trading are all reportedly looking to hire junior staffers in London.
UBS opens new risk unit
UBS is setting up a group asset and liability unit as it seeks to better manage risk under its new structure. ‘
Nomura to launch new US office
Nomura is setting up a new office in Los Angeles. It’ll begin as just a sales office but the hope is to eventually grow it into a fully functioning investment bank.
PE firms hiring juniors
Private equity firms don’t broadcast their hiring plans, but clearly they’re adding talent. A recent survey found that 36% of a recent class of investment banking analysts found their way to the private equity industry after two years.
UK brokerage firm opens new office
Small-cap UK brokerage firm Cenkos is opening up a new office in Liverpool as they build their presence in Northern England.
JPM hiring advisory experts
J.P. Morgan is adding external advisory experts in Europe. The US bank has hired four of them in the last month as the M&A market continues to stay hot.
Fortress launching new fund
US-based Fortress Investment Group is reportedly planning a long-short equity hedge fund unit. Fortress has a history of hiring teams rather than individuals.