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Eight things to tell yourself if your bonus is a massive disappointment
Bonuses are likely to disappoint for most people on the trading floor. For the U.S., Options Group projects fixed income, currencies and commodities (FICC) professionals’ (not just traders’) average...
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Credit Suisse has just poached one of HSBC’s most senior salesmen in the U.S.
One of the most senior fixed income salesman at HSBC in the U.S. has quit the British bank for Credit Suisse as investment banks battle to bring in top revenue generators before the end of the year....
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How Deutsche Bank staved off staff “exodus” to start hiring again in Asia
This time last year Deutsche Bank Wealth Management was facing turmoil in Asia. It had just suffered the significant departures of Ravi Raju, its Asian wealth chief, and Anurag Mahesh, its...
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A DBS dept head in Singapore has just joined a buy-side start-up
A senior technologist has left DBS in Singapore to join a blockchain start-up focused on the buy-side. Gavin Costin, the head of risk technology within DBS’s core systems team, moved to Abele Group...
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Morning Coffee: If you wanted a $300k starting salary, you should’ve gone to...
Once upon a time the annual SALT Conference was the place to go if you wanted the best jobs in finance, but that was before hedge funds lost their cheer and SALT ring master Anthony Scaramucci lost his...
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New projections say your banking job will be just fine after MiFID II
MiFID II might be a huge headache for investment banks, but the actual impact on revenues over the next two years after the regulation hits on the 3 January 2018 could be less of a tidal wave sweeping...
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Junior bankers caution against moving to private equity
If you’re an analyst or an associate in an investment banking division (IBD), you almost certainly want to move into private equity. Given private equity funds’ notoriously long interview processes,...
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Bank of America hires another tech MD away from Goldman Sachs
Investment banks have continued to battle for people to head up their technology functions throughout 2017, and Goldman Sachs has been the target in recent months. The latest MD to leave Goldman’s...
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How to spot the top technologists at Goldman Sachs and J.P. Morgan
When Goldman Sachs announced its new managing directors last month, there were plenty of technologists on the list. However, the Goldman technology staff who didn’t make the MD cut won’t be that cut...
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This expansionary $12bn hedge fund has hired Man AHL’s head of equities in...
The head of equities at Man AHL has left after nearly ten years at the hedge fund to join Balyasny Asset Management as it wraps up an expansive year with a quantitative portfolio manager hiring spree....
View ArticleWhy stressed, burned out bankers keep creating industry scandals
Stress is ubiquitous in financial services. The burnouts of Hector Sants at Barclays or Lloyds CEO António Horta-Osório are high profile examples of the pressures of working in demanding banking jobs....
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Standard Chartered has just hired a Goldman Sachs veteran in Hong Kong
Standard Chartered has beaten the post-bonus recruitment rush by hiring a senior banker from Goldman Sachs in Hong Kong. Jonathan Cher, formerly an executive director at Goldman Sachs, moved to Stan...
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CS, UBS, JPM and Citi plot 2018 Asian hiring plans, but there’s a catch
Global banks will further expand their China equity research teams next year, but Hong Kong will lose out to the mainland as banks base more analysts onshore. Some banks are ahead of the game. Credit...
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Morning Coffee: Billionaire-maker day in Bitcoin madness. Analysts on the cheap
This may change by the time I’ve finished writing this sentence, but bitcoin ended at $16k yesterday, following wild swings that hit highs of $20k within 90 minutes on Coinbase Inc’s GDAX exchange....
View Article“Every time I’ve fired a banker in France, I’ve needed a body guard”
Firing people in France is a bit like that George Clooney movie Up In The Air, where he’s parachuted in to deliver the bad news, except with fewer tears and more wild gesticulation and the threat of...
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Bank of America and Citi’s MD promotions raise a few eyebrows
Goldman Sachs went first. Now Citi and Bank of America have made their own managing director promotions. And some people in their markets divisions are not happy with the outcomes. At Bank of America,...
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Deutsche Bank targets Citigroup again for its new co-head of equity...
Deutsche Bank has continued the build out of its equities business, following the appointment of new global head Peter Selman in November, by bringing in a new head of equity derivatives for the...
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J.P. Morgan’s head of data science and machine learning on the reality of his...
J.P. Morgan is one of the most advanced banks when it comes to data science and machine learning. It hired in Geoffrey Zweig from Microsoft in February 2017 as head of machine learning. It’s actually...
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Bank of America Merrill Lynch has hired another top technologist
Bank of America Merrill Lynch has landed another top technologist in New York as it continues to bring in senior hires before the end of the year. Following on from the appointment of Caroline Arnold,...
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How I made friends with the MDs at my bank
Yes, smoking is a dirty habit. It’s for addicts or nihilists, depending upon your perspective. But the more us dirty, nihilistic smokers are vilified, the more we pull together – and this has its...
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