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Bankers in Asia still desperate to join Goldman, even as regional revenues...
Goldman Sachs lost ground in Asia during the fourth quarter and has disappeared altogether from major regional league tables. But no matter – candidates in Hong Kong and Singapore are still clamouring...
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Morning Coffee: Spending habits of the Goldman Sachs banker on $2m+ a year....
What do you during your downtime if you’re a 55 year-old Goldman Sachs banker with a house on the upper west side and a salary (before bonus) of $1.85m a year? Let David Solomon, co-COO of Goldman...
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How banking wives are breaking banks’ best Brexit plans
One of London’s leading financial regulation lawyers has a problem. His client, a major European bank, has been contemplating moving trading jobs to continental Europe in preparation for Brexit. But...
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How to do your CV for banking. And how to do your CV for consulting
If you’re an ambitious student, you’re probably interested in a career in banking or consulting – or both. If it’s the latter, you need to be aware of the differences in the CVs that will get you a...
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As Morgan Stanley profits collapse, Gorman cautions against joining European...
Maybe Goldman Sachs didn’t do so badly after all? A day after Goldman reported a 50% year-on-year drop in fixed income trading revenues in the fourth quarter, Morgan Stanley’s just done much the same...
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The rise of outsourced trading: a blessing or a curse for traders?
Outsourced trading has been around since the early 1990s, but since that time it’s grown significantly. More small-to-mid-sized asset management firms are looking to “right-size” their business, that...
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How to get a new Wall Street job when the last one went badly
So you made a mistake or breached protocol and your previous Wall Street employer considers you a bad leaver. If there’s bad blood between you, then you’re unlikely to get a good reference and find a...
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This ex-J.P. Morgan trader quietly left Tudor Capital in Europe
Last time we looked at Tudor Capital’s operation in Europe, it had been hiring and the London office seemed to have escaped promised redundancies after persistent investor withdrawals. Six months on,...
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“I’m a recruiter in Asia. Working with tier-one banks here drives me crazy”
If you’re a banking professional in Hong Kong or Singapore you probably don’t spend too much time thinking about the recruitment industry – you don’t care who gets you the job as long as you get it....
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Shock in Singapore as back-office salaries surge by up to 34%
After years in the doldrums, pay for back-office banking staff in Singapore is on the up again – and the increases are unexpectedly high. We looked through the new Singapore salary survey from...
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Morning Coffee: Hear about the big pay raises at J.P. Morgan? Goldman CFO...
J.P. Morgan posted a record adjusted profit of $26.5bn for 2017, and the bank is rewarding its top executives with hefty pay raises. CEO Jamie Dimon got $29.5m in total compensation, up 5.4% from 2016,...
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Senior FX salesman who left for fintech comes back to a smaller job in banking
Remember Chris De Sibert? He’s the former managing director and head of foreign exchange and commodities sales to banks in Europe, the Middle East and Africa at HSBC, who joined R5FX, a currency...
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An ex-HSBC MD who joined the buy-side has come back to banking
It’s a day for career reversals, particularly if you used to work at HSBC. Nick Tranter, the former head of global head of equities client management at HSBC, who joined investment firm Gordian Knot in...
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The quickest routes to £100k in the ‘easiest’ jobs in banking
If you’re working in banking, £100k ($140k) may not seem like much. After all, last year’s salary and bonus survey by London recruitment firm Dartmouth Partners, said juniors in investment banking...
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How to get into banking with no experience, by an ex-analyst at Morgan Stanley
Many students want to break into investment banking, but have no finance experience and come from non-target schools. They often ask, “How do I get a finance job when they all require prior experience...
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U.S. banks’ results bode badly for Deutsche Bank bonuses
Deutsche Bank has a problem. Although the German bank continues to insist that it will pay “normal” bonuses this year, it cannot afford to do so. U.S. investment banks’ fourth quarter results,...
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“Working flexibly won’t hinder your career at ANZ in Asia,” say senior staff
In late 2016 Lee Davidson made a major move to advance his career: he joined ANZ in Hong Kong as North Asia Financial Controller. But it wasn’t just taking up the challenge of a senior regional role...
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“I quit the front-office to work in Singapore compliance. I don’t regret it”
Until early last year, I was in a front-office senior leadership role at one of the three big local Singaporean banks. That was when I was called up by the CEO and told: “We have a problem with our...
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Blistering hiring by Chinese banks drives 78% increase in Hong Kong finance jobs
The dramatic effect of Chinese banks’ aggressive hiring in Hong Kong has been laid bare: financial services job vacancies in the city surged in the final quarter of last year, according to a new...
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Morning Coffee: When 38-year-old managing directors abuse 20-something...
Wall Street has long been dominated by men, but while a wave of sexual harassment allegations has swept across news organizations, Hollywood, Silicon Valley and Washington, the financial services...
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