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The big problem with DIY quants
This year, quants are the new rock stars of finance. Hedge funds, asset managers and investment banks are all rolling out the red carpet for those who can write algorithms that will ensure they get...
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Meet the ex-ANZ bankers now helping to lead DBS
DBS’s third quarter results, released earlier this week, reveal the extent that it’s taken on board ANZ staff. Headcount at the bank was up by 934 year on year, mainly because of new employees from the...
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Hong Kong investment bankers quietly “hopeful” about 2017 bonuses
Hong Kong investment bankers working for global firms are more upbeat about their bonus prospects than they have been for years, say headhunters and bankers. “The hope is that bonuses will be better...
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Morning Coffee: How you’ll know you’re too old to make MD at Goldman Sachs....
Are you too old to make managing director at Goldman Sachs? If you’re much beyond 45, the answer is probably yes. It may even be yes if you’re much beyond 35. Goldman Sachs released its new MD list...
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Upset in Paris as U.S. style layoffs come to small French bank
Exane Derivatives in Paris is a small place. Exane as a whole only employs 935 people according to figures on its website. A tiny fraction of those work for the French derivatives operation. In the...
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Morgan Stanley analyst quits for hot tech firm tackling huge real world problems
MiFID II comes into force in January next year, and if you’re a not a star equity research analyst in the senior ranks, it’s likely to bring in a new era of precarious employment prospects. Analysts...
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Is this the worst place to work for Goldman Sachs? Or the best?
Goldman Sachs’ Bangalore business is quite the place. Between 2004 and April 2017, it went from 400 to 5,000 people. Since April, it’s seemingly added another 1,000. Ultimately, it could have up to...
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“I work in the Paris office of a top US bank. It’s completely different here”
I work in the investment banking division (IBD) of the Paris office of a major U.S. bank. Yes, I am French. No, I am not here because of Brexit. And yes, I am here by choice. If you’re thinking of...
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DBS’s head of cloud has just joined Google
Carl Bachman Kharazmi, the APAC head of cloud engineering at DBS, has left the bank for Google. Kharazmi joined Google in Singapore earlier this month in a cloud engineering role, according to his...
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Hiring meltdown: bankers in Singapore and HK suddenly pull out of job offers
You get through a gruelling multi-stage interview process, you prove your worth in a psychometric test, and you accept a job offer from a global investment bank. But before you start your new role, you...
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Morning Coffee: The bank which employed too many jerks. Bankers’ wives speak up
Once upon a time, under Bob Diamond, Barclays was known for a policy of excluding jerks from getting jobs at the bank. Through a process of exhaustive interviewing, anyone with disagreeable personality...
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RBS’s mountain man has just made a switch to the buy-side
A former Royal Bank of Scotland managing director who quit investment banking to embark on an ambitious campaign to scale Everest for charity has returned to the financial sector in a senior role at an...
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You alienate the top finance recruiters at your peril
You either love them or hate them. When you work in finance, the recruiters who call on a regular basis (how regular depends upon the popularity of your sector) are either a nuisance or the best thing...
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Why Citigroup’s head of structuring has quit the “uninspiring” trading floor...
In 2011, Erwin Parviz had quit as global head of structuring at Citigroup to spend his time at the top of a mountain. Paragliding, climbing, skiing or any adrenaline-fuelled pastime occupied his days....
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J.P. Morgan M&A EDs are leaving in search of promotion elsewhere
When Goldman Sachs made its managing director promotions this week, 101 of its new MDs were in the investment banking division (IBD). That’s not bad: 96 of Goldman’s MD promotions were in IBD last time...
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Morgan Stanley loses senior fixed income quant as hiring heats up at the end...
RBC Capital Markets has just hired Morgan Stanley’s head of fixed income modelling as large investment banks continue to hire senior quantitative talent even at the tail end of 2017. Vasily Strela, a...
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Every question you’ll be asked in a Goldman Sachs interview
You’ve landed an interview with Goldman Sachs. Well done: you’re in a serious minority. What should you expect? In the past, Goldman Sachs had a reputation for interviewing people until it hurts –...
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Perfect resume, no interview: why banking recruiters in SG and HK are...
You’ve applied for a banking job via a recruitment agency in Singapore or Hong Kong and your CV and cover letter are spot-on. All that now stands between you and interviewing with the bank is an...
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“I know bankers in Asia who’ve got $1.2m sign-on bonuses this quarter”
Banks in Asia don’t pay sign-on bonuses any more, right? The days of the golden handshake are over, correct? Well, no – at least not in private banking. I was once a private banker myself, at a US firm...
View ArticleWillis Towers Watson is hiring in the UK. Here’s what it’s like working there
Innovative, experienced, flexible and diverse. These are words commonly used to describe Willis Towers Watson’s growing fiduciary management service and team. Since winning its first fiduciary...
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