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Morning Coffee: Ex-Goldman Sachs MD alleges bizarre goings-on and sues for...
It’s a story that seems to have everything: a Mediterranean superyacht, a dubious businessman with a Germanic accent, Goldman Sachs and $1bn. If you were writing a script for a movie, you couldn’t ask...
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Deutsche Bank is still cutting front office bankers (as well as fruit)
It’s not over at Deutsche Bank. Not only is the in-office fruit not coming back, but the front office layoffs are still happening – albeit with less vigour than before. In latest round of exits,...
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Now Credit Suisse’s head of small cap trading has left for Macquarie
If it’s not Barclays, it’s Macquarie. Credit Suisse equities traders have a distinct tendency to leave and head for one of the two banks. The latest departure is understood to be Jason Maniloff, the...
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The Confucius of LinkedIn exits Cantor Fitzgerald
A managing director in charge of debt and equity sales has left Cantor Fitzgerald to join boutique broker-dealer Odeon Capital Group in New York. Herb Lust, a veteran MD who has managed sales, trading...
View ArticleNine ways banks in Asia tempt you to join them, not Google or Grab
Be it Alibaba or Amazon, Google or Grab, large technology firms in Singapore and Hong Kong are increasingly poaching developers away from the banking sector. How, though, are banks fighting this trend?...
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The new hot jobs at HSBC in Asia as region’s profit share reaches 87%
HSBC’s results for the first half of 2018 lay bare the extent of the bank’s reliance on Asia. Led by Hong Kong, the region generated 87.6% of its pre-tax profits. Europe, by contrast, contributed 1%....
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Morning Coffee: Is the Turkish crisis good or bad for bonuses? College kid...
Turkeys, as they say, don’t vote for Christmas. But the country of Turkey might spoil a few people’s Christmases if its ongoing debt and currency crises manage to put a big hole in bank profits for...
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How machines producing ‘cognitive content’ will displace banks’ research jobs
When it comes to investing, the only content that matters is that which is relevant, timely and personalised. In a word, it needs to be actionable. A shift in recent years has seen a rise in demand...
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Bank of America poaches cyber security expert from UK regulator
Bank of America Merrill Lynch has hired a veteran cyber security expert from the UK’s financial regulator to oversee its cyber security public policy. Simon Onyons, the principal cyber specialist with...
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Jefferies poaches influential activist defense head from Credit Suisse
The head of Credit Suisse’s high-profile activist defense team has left the firm to join Jefferies in a similar role. Chris Young, a former Credit Suisse MD and head of contested situations, started at...
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Former Moore Capital PM joins UBS in latest sell-side trading coup
A former macro portfolio manager at Moore Capital and BlueCrest has joined UBS as a senior LATAM rates and FX trader. Sergio Kostek started at UBS in New York in July as an MD. Kostek represents the...
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Seven Hong Kong finance jobs where banks still need expats
Global banks in Hong Kong are stepping up their hiring of local talent and of Mandarin speaking mainland Chinese candidates, especially for front-office jobs in investment banking. But Hong Kong...
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Pay rockets up by 11% at UOB as it narrows earnings gap with DBS
UOB is rapidly closing the pay gulf with its larger local rival, DBS, according to the banks’ first half financial results. Staff costs per head at UOB – total employee expenditure (such as salaries...
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Morning Coffee: The Morgan Stanley intern who was promoted at a crazy speed....
As meteoric rises go, they don’t get much faster than this – seven years ago, Jannie Tsuei was an intern at Morgan Stanley. Yesterday, it was announced that she has been promoted to be their Chief...
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Now Rokos is hiring technologists and junior risk analysts from banks too
It’s not just traders and researchers who can move from banking to hedge funds. Rokos Capital Management, the growing London hedge fund founded by former Brevan Howard trading star Chris Rokos, also...
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A Deutsche Bank IBD managing director just left entirely of his own accord
The exits from Deutsche Bank aren’t all taking place under sufferance as CEO Christian Sewing cuts costs. Deutsche insiders say a managing director (MD) in the German bank’s financial institutions...
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Bad news for anyone who thinks this is indicative of their 2018 CFA exam result
Today is the day. Sometime soon, hopefully within the next hour, the tens of thousands of people who overcame various washroom disasters to sit the CFA Level I and II exams in late June will receive...
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Point72 ramping up recruiting through academy expansion
Point72 Asset Management made headlines in 2015 when it launched its own school of sorts – a nearly year-long paid training program aimed at molding college graduates into investment professionals with...
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Former Goldman Sachs engineer rejoins the firm as an MD
A former Goldman Sachs engineer who left in 2015 as a VP has returned as a managing director. Koby Rosenschein started at Goldman earlier this month in New York. Rosenschein spent the first 15 years of...
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How to read the weird hedge fund dress code
There were a lot of things I disliked about working for an investment bank. First among them was the pay, or lack thereof (nobody gets into finance for altruistic reasons). But right up there on my...
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