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Deutsche Bank’s ex-IT executives seem to be doing just fine
Ever since John Cryan’s Strategy 2020 mooted a total shakeup of Deutsche Bank’s IT division in 2015, technology at the German bank has been in a state of flux. The exit of COO Kim Hammonds in April...
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How it feels when you’re a client of Goldman Sachs
I am that person: a sell-side guy who now works on the buy-side. I came from a big U.S. bank to a small investment firm. – A small investment firm. Not one of the big players, or the prestigious...
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“Humiliated” Asian bankers who quit Goldman for Chinese firms now seek return
I’m a headhunter in Singapore and over the past 12 months I’ve seen a lot of investment bankers move to Chinese firms. CICC, ICBC and Bank of China are building teams in Singapore and are poaching from...
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Morning Coffee: The forgotten senior banker now paying dearly for the...
Among people who want to see ‘bankers’ paying painful penance for their role in the financial crisis, it’s a popular refrain to complain that the perpetrators haven’t been jailed. In the case of ex-RBS...
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Structured credit professionals are back in fashion at Goldman Sachs
Almost a decade after the global financial crisis, structured credit professionals are back in vogue at Goldman Sachs. Goldman recently hired Omar Waly, a former director at Credit Suisse who worked in...
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Why it is that women love J.P. Morgan more than Goldman Sachs
Women like big name banks. When asked which large firms they wanted to work for, in our annual survey of employers, women gave banks four of the five top slots. In fact, in the entire top ten, Google...
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The hedge fund job that will give you an easy life. And its downsides
Every ranking of the top accounting firms in the world begins the same way: PwC, Deloitte, EY and KPMG, in some order. Yet surveys and anecdotal evidence suggest that the Big Four offer a work-life...
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How fintech jobs became boring
It was always inevitable that success in the fintech sector would be driven more by the “fin” side of things and less by the “tech.” This is, after all, a regulated industry where moving fast and...
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An Asian bankers’ guide to schmoozing mega rich millennials
Private bankers in Singapore and Hong Kong need to urgently adapt how they work in order to better serve high-net-worth (HNW) millennial clients. The potential upsides are huge if bankers can win more...
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Morning Coffee: Hedge fund manager warns that big wealth could damage your...
Not often will you see a hedge fund billionaire badmouth capitalism and take on the issue of income inequality. It just begs for calls of hypocrisy. So consider Paul Tudor Jones fearless. The hedge...
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Senior investment bankers dumped as 2018 turns sour
It’s turning out to be a bad year to be a high ranking investment banker in Europe. As costs are cut and capital markets deals remain low, banks are doing away with some of their most senior and...
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Can’t code and want to stay in finance? This ex-Citi MD has a plan
If you work in a front office job in an investment bank and you’re worried about being displaced by intelligent machines, the former head of macro structuring at Citigroup would like to be your friend....
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How to get a job at Goldman Sachs with no degree and a background in...
Goldman Sachs is making a major push into retail banking with the planned expansion of Marcus, its digital consumer lending and finance business launched in 2016. David Solomon, the assumed successor...
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This is why hedge funds are better than private equity for M&A analysts
Markets may rise and fall. Summit meetings between world leaders may be un-scheduled and then rescheduled. But in a world where so much is uncertain, there is one thing at least that can be relied...
View ArticleAssociates and VPs in Asia stuck in horrific promotions bottleneck. Here’s...
Promotions have long been used by banks as a tool for retaining their best talent, with all global banks having clearly defined ranks and a structured career path for their employees, typically from...
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Morning Coffee: Goldman Sachs bankers are going to Paris for the summer. The...
August in Paris is usually quiet. The Parisians themselves have followed the sun to beaches further south and the tourists are thronging at the principal sights. Away from the hot spots, cafes are...
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Trader who quit Goldman Sachs for Morgan Stanley is back 6 months later
A trader who left Goldman Sachs for Morgan Stanley in December 2017 is understood to have quit Morgan Stanley to return to Goldman. Julian Naden Robinson, who joined Morgan Stanley in January 2018 as...
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Big buybacks are back at Deutsche as valued staff leave
Deutsche Bank is doing it again. As staff it wants to keep threaten to walk away, it’s reportedly offering substantial inducements to make them stay around. Various headhunters in London tell us they...
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The questions prospective bankers should – and shouldn’t – ask during interviews
Preparing a list of questions to ask hiring managers is advisable when interviewing for any role. It shows you’re prepared and invested. But when it comes to investment banking, your questions need to...
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It’s not just Fred Jallot: a lot of recent credit hires are leaving Nomura
Another senior executive has fallen foul of the curse of 2018. Fred Jallot, Nomura’s global head of credit and asset-backed securities in Europe, the Middle East and Africa, is leaving the bank....
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