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Nomura salesman at the heart of Invexstar case has moved to Italy for a new...
A Nomura rates salesman who successfully sued the investment bank for unfair dismissal over a series of soured deals that led to its biggest ever single trading loss, has now moved to Italy for a new...
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A chart explaining why bankers must earn less or work more
When UK Chancellor Philip Hammond delivered his Autumn Statement yesterday, he highlighted the sorry state of productivity in the UK. “In the real world, it takes a German worker 4 days to produce what...
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An honest account of working in the ‘promised land’ of private equity
For junior investment bankers, the move across to private equity remains the promised land. Senior bankers advise against it, but there’s still something of a clamour to get into the buy-side early on...
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Deutsche Bank’s guide to fixed income trading jobs in 2017
Brexit and Trump have been kind to the fixed income traders of the world. After long years when banks questioned whether their fixed income trading divisions had fallen into a morass of secular...
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Ex-HSBC banker says Asian fintech start-ups shouldn’t hire millennials
Asia fintech entrepreneurs shouldn’t try too hard to lure young banking professionals into their firms, says a former HSBC and Citi banker who now runs a Hong Kong start-up. “Everyone thinks that once...
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Morning Coffee: How to switch careers now. Goldman’s big Trump pay-day
If you talk to an investment banker who’s recently left the industry for another job, the biggest adjustment – aside from the money – is the people. Outside of the financial sector, the whole idea that...
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J.P.M and Morgan Stanley analysts are quitting for this P.E. fund
If you haven’t left your analyst job with an investment bank already, there’s still plenty of time to do so. With many banks paying junior bonuses in the summer, analysts who pocketed their money...
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I was a sniper, I became a trader for 20 years, now I protect rich people
Jeroen Stam offers personal protection to (very) rich people. Think pop stars, Saudi princes, UHNW families and…private equity professionals and bankers travelling to dangerous parts of the world. He...
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Citi’s head of UK investment banking says students need to find out what they...
If you’re a student trying to break into investment banking now, can you be casual about your journey towards your first job? Now that students are better qualified than ever, laden with internships...
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Mystical followers of ‘Barclays Way’ left a little confused
Remember the ‘Barclays Way’ – the document issued by Barclays’ chairman John McFarlane in July last year about Barclays’ general ethos and business practices? It already seems to have gone a little...
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The strange motivational statements of bankers in Germany
Even if recruitment firm Morgan McKinley’s right and the City of London is comparatively unaffected by Brexit, Frankfurt will almost certainly be more important within Europe as a financial centre in...
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Top Credit Suisse algo trader quits to take up rowing
One of Credit Suisse’s most senior “low touch” electronic traders has left the bank and is spending his time rowing. Tom Middleton, a former Credit Suisse director on the delta 1 equity derivatives...
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“I’m a front-office headhunter in Asia. I feel unhappy and undervalued”
I’m a front-office headhunter in Hong Kong and, frankly, I feel unappreciated. Large banks in my city no longer value my work as much as they did in the recent past – and I think this is bad news for...
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Morning Coffee: Renewed appetite to hire 21-year-olds in banking. The...
Investment banks are quick to trim, but never entirely decimate, graduate recruitment when times get tough. After 2015, investment banks shaved a collective 280 jobs from their 2016 targets across...
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The perfect investment bank hire: rounded, experimental…5-a-side footballer
There’s a growing sense in investment banking graduate recruitment that having all the ‘right things’ is merely a baseline. Yes, you possess a great degree, technical knowledge and multiple...
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The safest front office banking jobs in Q4: a chart, by Deutsche Bank
The fourth quarter of any year is a worrying time in banking. It’s when bonuses are decided, costs are trimmed and jobs are cut. If you’re doing badly in the fourth quarter you’re exposed. If you’re...
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“Young bankers with parental connections are better workers”
Now that J.P. Morgan’s been fined $212m for hiring the children of well-connected Chinese officials and clients, banks everywhere are going to think carefully before giving preferential treatment to...
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Senior Goldman Sachs traders depart for Citi and Credit Suisse in New York
The churn in the senior ranks in Goldman Sachs’ markets division continues. So far this month, at least two long-serving managing directors have departed for Wall Street competitors. Derek Brown, a...
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London bank’s £860k cash bonuses may be sadly curtailed
Jefferies has been busy hiring in London this year. Only a few weeks ago, it brought in Axel Bleymann, a former RBS trader, to trade sterling denominated financial bonds. Before that, it hired a host...
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Morgan Stanley MD switches to buy-side after nearly a year out
Anthony O’Brien, the former co-head of European interest rate strategy at Morgan Stanley, who left the bank last December after it cut 25% of its fixed income headcount, has just resurfaced in a role...
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