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Investment banks’ junior ranks are being pilfered by a range of buy-side firms
Private equity firms, direct lending and distressed debt funds have been raiding the junior ranks of investment banks, despite banks’ recent efforts to keep hold of analysts and associates. Juniors at...
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Goldman Sachs associate discovers perfect IBD exit strategy
Julian Beckh may have nailed the perfect exit from an investment banking division. And no, it doesn’t involve joining the buy-side. It doesn’t involve joining a technology unicorn. Nor does it involve...
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This Wall Street trading firm keeps hiring managing directors
If you’re looking for a senior level job on Wall Street, you could do worse than trying Cantor Fitzgerald. Cantor keeps hiring – and at very senior levels. As we reported last month, Cantor hired Greg...
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Buy-side job seekers face turbulent market in Singapore
The investment management industry in Singapore has generally been expanding since the turn of the millennium. While 15 to 20 years ago the sector was dominated by local investment managers, Singapore...
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DBS Private Bank deputy head: “I don’t want short-term superstars”
Lawrence Lua, deputy head of DBS Private Bank, is very clear about the type of relationship managers he wants (and doesn’t want) in his team. “I prefer to hire someone who fits into our culture...
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Morning Coffee: Scapegoat traders taking the fall for senior bankers. Don’t...
There’s a common theme emerging among traders who have been singled out by regulators over the Libor fixing scandal – don’t blame me, blame the system. The latest to emerge into the public eye is Alex...
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Eight things you’ll miss if you quit investment banking
When you’re mired in spreadsheets for 14 hours a day, the prospect of ditching banking for something entirely new is as refreshing as jumping into a fresh, crisp swimming pool. But it can be a leap...
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Bank of America Merrill Lynch’s head of EMEA FX has just joined Bluecrest
Since converting to a family office managing the personal wealth of CEO Michael Platt and its partners, Bluecrest Capital Management has been luring some senior traders across from investment banks....
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A backdoor into Goldman Sachs tech jobs
Goldman Sachs wants to hire technologists. As CEO Lloyd Blankfein reiterated in February, Goldman employs 9,000 “engineers” (ie. technology staff) and 37% of all the analysts it hired out of...
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Discontentment and exits hit Goldman’s EM team
Emerging markets traders are hot. As we reported earlier this week, Nomura and Jefferies are both hiring. At the same time, it seems Goldman is losing staff. Sources say the latest to disappear is...
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10 things J.P.M’s and Citi’s results say about banking jobs now
Planning to look for a new banking job after Easter? Citigroup and J.P. Morgan have released their results for the first quarter of 2017. They suggest you could be in luck. All that squeezing may be...
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Six ways to quit the Big Four and land a brilliant Asian banking job
You work for Deloitte, EY, KPMG or PwC in Asia, but really you want to work for an investment bank. If you’re a Big Four auditor, you can always move into an internal audit job at a bank as a junior....
View ArticleI’m a banking recruiter in Asia. Here’s how to keep me happy
It’s the busy(ish) season for hiring in the Singapore banking sector. Finance professionals have their bonuses and some are sending resumes to recruiters. But if you want to change jobs via a recruiter...
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Morning Coffee: The new approach to getting a job at Goldman Sachs. Formative...
Looking for a job at Goldman Sachs? You’ll need to be in the right place. That place is neither New York City nor the City of London. It is Bangalore. The Financial Times reports that Goldman now...
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These are the top 10 private equity firms everyone wants to work for
Private equity is all about aspiration. Most investment bankers covet a buy-side role early on in their career, but only a very select few make it in. “We have 2,500 applications every month,” says...
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The Canadian buy-side firm quietly hiring from banks in London
It all started last July. Oliver Duff, HSBC’s former head of leveraged finance in Europe, quit for a little-known Canadian firm, PSP Investments to lead a European private debt push. Since then, PSP...
View ArticleThe 10 most desirable jobs on Wall Street and the City in 2017
Two very different forces are dictating the job markets of Wall Street and the City of London. London is hunkering down as banks prepare to shift jobs out of the City now that Article 50 has been...
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Has Goldman Sachs lost it? The omens and their counterpoints
Goldman’s first quarter results are out and it’s not pretty. Goldman’s stock fell 3% on the news that the first quarter hadn’t been fancy as widely expected. In fact, it hadn’t been fancy at all....
View ArticleI was addicted to my banking job. Here’s how I broke the habit
When I was in my 20s, I was addicted to working in banking. I got on the hedonic treadmill in 1999 when I joined Lehman Brothers. Within a few months of becoming an analyst and making the grand sum of...
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DBS hires leading project finance banker in Singapore
DBS has hired one of Singapore’s leading project finance bankers into an executive director-level role. Kelvin Wong has moved to DBS from the Singapore office of Commonwealth Bank, where he was head of...
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