“I think job seekers in Asia should join 2nd-tier banks and earn less money”
There’s no doubt about it, it’s a pretty bad time to be facing a redundancy in Singapore. The unemployment rate for the second quarter of 2017 was 3.1% and the government warned in May that we should...
View ArticleMorning Coffee: How 20-something bankers can take the power back. Google’s...
It’s no secret that investment banking can reduce keen, healthy 20-somethings into overweight husks of people with anxiety issues. It’s down to the hours, it’s down to the stress, the politics. Maybe...
View ArticleBNP Paribas snares UBS trader for its EM trading buildout
So far, 2017 has proven to be a good year for traders focused on emerging market credit. BNP Paribas is one investment bank that’s been hiring in this area, and it’s continued its buildout with a new...
View ArticleGoldman just made more credit hires as it quietly builds
Goldman Sachs wants to strengthen its credit trading business. So said Credit Suisse banking analyst Susan Roth Katze after meeting with the bank last week. After a succession of truly dismal quarters...
View ArticleThis Blackstone-backed hedge fund has just doubled revenues, paid its...
A hedge fund set up by buy-side veterans and staffed by senior investment banking traders has doubled revenues over the past 12 months and drastically increased pay for its employees. Bybrook Capital,...
View ArticleThe person every bank is desperate to hire, but can’t
Banks have got a problem hiring and retaining women. They also have a problem hiring and retaining technologists. Put these two things together and you get every bank’s living nightmare: hiring enough...
View ArticleRBC Capital Markets caught itself a Barclays rates structurer
RBC Capital Markets is hiring for its fixed income business. Last week it signed-up Stephen Kaminsky from Goldman. Now it’s also hired a rates structurer from Barclays. Emmanuel Canavaggio, a French...
View ArticleHow the CFA changed my career
While at first, the CFA exam was a thing I did for the thrill of overcoming the huge challenge of cracking into asset management and becoming a portfolio manager, in the end, getting my CFA designation...
View ArticleSeven senior Asian bankers on what it really takes to reach the top
What does it really take to reach the senior ranks – and stay there – in the Asian finance sector? In recent months we’ve asked several leading bankers in Singapore and Hong Kong about their key advice...
View ArticleExpensive new recruits push up pay at Singapore banks
Singapore’s three local banks, led by OCBC, are becoming better paymasters as more wealth managers join their ranks. Staff costs rose 5% year-on-year at OCBC in the first half of 2017, according to its...
View ArticleMorning Coffee: The 30-somethings earning 7 figure salaries for 6 hour days....
You don’t have to work as hard as you used to in an investment bank nowadays, but you still have to work hard. An 12 hour day is still standard and while you’ll still earn good money for that, it will...
View ArticleThis ex-Goldman Sachs partner has just launched his own insurance venture
A former Goldman Sachs partner who left earlier this year as part of a shake-up of its strats team, has just launched a new venture targeting the books of large insurance companies. Chris Milner, who...
View ArticleIs becoming a full CFA Charterholder actually a waste of time?
Today’s CFA Level III exam result day. Be warned that they may be late: when results came out for the CFA Level I and II exams last month, some people complained they never received them by email and...
View ArticleThe Hollywood bank hiring juniors from bulge brackets in London
It’s a theme of 2017 that junior investment bankers at large firms are quitting for something more adventurous within the financial sector. – Hedge funds that are just kicking off, tiny private equity...
View ArticleGoldman Sachs shunted a front office equities job to Warsaw
Is it happening? Are jobs that would once have been located in London actually being moved to Europe because Brexit is going on? In the case of Goldman Sachs, maybe yes. Goldman is currently...
View ArticleInvestment bank-beating trading firm doubles pay for its employees – none of...
In the FX sector, XTX Markets is one of the fastest growing trading shops – eating the market share of big investment banks – and it employs only a handful of staff, and no traders. XTX Markets is now...
View ArticleYou’ve passed the CFA level III. Now what?
There are now 16,700 new CFA Charterholders around the world. 54% of this year’s cohort level III candidates passed, according to results released today, and the numbers keep growing. The CFA Institute...
View ArticleCass launches online MSc Finance for global professionals who want a UK degree
Sam Brenton is a veteran of distance learning – he’s been working in the sector at leading universities since the late 1990s – but the “proudest achievement” of his career came just last year. In...
View ArticleA veteran Credit Suisse MD has just joined SocGen in Hong Kong
Credit Suisse’s former head of APAC prime services flow trading and distribution has re-emerged at Societie Generale in Hong Kong. Dereke Seeto, who left Credit Suisse back in December, moved to SocGen...
View ArticleHow to get a graduate job at J.P. Morgan in the U.S.
Graduate recruitment at J.P. Morgan in the U.S. is changing. It’s targeting students on Snapchat, interviewing them virtually and using as much social media as possible to reach a broad range of...
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