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Morning Coffee: Sorry end for talented trader whose pay deal was the envy of...
There’s unlikely to be a trader anywhere who hasn’t heard of Christian Bittar. He, after all, is the ex-Deutsche Bank trader who made £90m ($117m) aged 38 in 2008 thanks to a famously generous...
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J.P. Morgan’s old head of AI is up to something interesting at Cerberus
J.P. Morgan’s machine learning team has had a busy year. Following the exit of various of its senior members, J.P. Morgan’s renowned Intelligent Solutions unit was disbanded and its remaining...
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How to ace a video interview at Goldman Sachs
Two years ago, Goldman Sachs made the decision to stop conducting interviews for undergraduate students on college campuses. Instead, the bank switched to video interviews for first-round candidates,...
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After a mixed second quarter, banks are trimming rates desks
2017 was a good year for banks’ macro desks, with various banks making big hires across rates sales and trading in London and New York. Will 2018 be the year jobs are cut again? Not necessarily, but...
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Junior banker? You’re not that rich
Last year, I was at a friend’s birthday party, who, like me, worked in investment banking. Unsurprisingly, most people at the party was working in the same space; many well-off, promising faces from...
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Work-life balance still taboo in Asian banking. I’d be called lazy for...
An increasing number of finance professionals in Asia are quizzing agency recruiters about whether the banking jobs they are applying for offer a reasonable work-life balance. This is often as far as...
View ArticleMy prep route to becoming a Fixed Income Analyst
Ian Chong, now a Fixed Income Analyst at REDD Intelligence, knew that having the right Master’s degree would be critical in determining the success of the career switch he was aiming for. Chong wanted...
View ArticleDeloitte is on the hunt for talent as it helps insurers prepare for IFRS 17....
Deloitte is looking to expand its Asia Pacific team to assist insurers as they gear up for the introduction of International Financial Reporting Standard 17 “Insurance Contracts” (IFRS 17). With just...
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Morning Coffee: The awful reality of working for a private equity fund....
If you visit this site regularly, you will have already seen some cautionary tales of bankers who moved into private equity (PE) and who found the grass that was supposed to be greener to instead be...
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This is how much you’ll earn working for XTX Markets
XTX Markets is the future. With capital-constrained banks less aggressive than in the past, non-bank electronic market makers like XTX are seizing their moment. In the 2018 Euromoney FX survey, XTX...
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Top salesman quits Macquarie for Barclays after six months
Remember Daniel Kaye? He’s the ex-Credit Suisse trader who’s been building out Macquarie’s London cash equities business, often with hires from Credit Suisse. One of his recruits hasn’t stuck around....
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Deutsche Bank’s problem: a historic culture of ruthless internal competition
Whenever things go wrong in any company, sooner or later fingers will point accusingly at its culture. Deutsche Bank is no exception. Despite a recent pop in the share price following a rare positive...
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Top quant trader who quit Credit Suisse in NYC said to be joining BAML
A top quantitative trader who left Credit Suisse’s New York office in May is understood to be joining Bank of America Merrill Lynch’s central risk team. Insiders say that Mitrajit Dutta, the former...
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Meet the bankers and finance techies who managed to get jobs at JD.com
Alibaba and Tencent have been busy hiring from the Asian banking sector for the past two years. Our recent analysis of the latter’s workforce showed that its M&A, investment and strategy teams are...
View ArticleHot investment firm hires yet another senior banker in Singapore
BlueCrest Capital Management, the family office run by billionaire investor Michael Platt, has just made another senior hire in Singapore as it continues to source its top portfolio managers from the...
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Morning Coffee: Deutsche Bank’s curious junior hiring binge. Goldman Sachs’...
Did someone say “juniorization’? Deutsche Bank, which is in the process of cutting 7,000 people and has cut 1,700 so far, has significantly increased its recruitment of graduates this year. Business...
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The best and worst places to work at UBS for the rest of 2018
If you work for UBS now, you don’t want to be a contractor, or in equity capital markets. You do want to be in the U.S., probably. These are the implications of the Swiss bank’s second quarter results,...
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Balyasny traders finding new jobs as FCA Register indicates further exits
After last year’s frenetic hiring, Balyasny Asset Management has been clipping its wings. Around 10 macro traders were cut from the hedge fund’s macro training program in February and the UK’s FCA...
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Why tech staff in banks don’t get promoted. What to do about it
If you’re a technologist in an investment bank, you’re probably interested in getting promoted. Who doesn’t want to make it to the top? But you may also be aware that whenever managing director lists...
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The Hong Kong banking jobs where you have no future
Recent waves of redundancies at global banks in Hong Kong have one common characteristic – they’ve been aimed largely at expensive senior staff. While job hunting at the top of the banking tree has...
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