Morning Coffee: Deutsche Bank’s covert search for egomaniacs. Stereotypical...
What makes a great M&A banker? Is it a way with clients, unalloyed enthusiasm for spreadsheets at 1am, or an extreme partiality to one’s own person? In the case of Deutsche Bank’s junior M&A...
View ArticleThis hedge fund keeps on hiring FICC traders from investment banks
If you’re a fixed income trader in an investment bank who’s looking for a route into the buy-side, Capula Investment Management still looks like a good bet. Capula has just hired Filippo Fiori, a...
View Article“How I reinvented myself after my investment banking career at ‘scrappy’ Bear...
Before the financial crisis of 2008 and its subsequent acquisition by J.P. Morgan, Bear Stearns was riding high as one of the most prestigious investment banking firms on the Street. Its undoing was...
View ArticleEquities salespeople and traders in the front line for cost cutting
First they came for fixed income. Now, it seems they may be coming for cash equities. With equities sales and trading revenues down 18% in the first half of 2016 compared to the previous year, there...
View ArticleWhy you should aspire to a career in collateral management
When you think of a job in an investment bank, you probably don’t think of collateral management. You probably think of sales and trading, or M&A. You’re missing out! I spent five years working in...
View ArticleI quit HSBC for a Singapore start-up that failed, but my new fintech firm is...
When I was younger I was never an outspoken girl. I was a nerd at heart, enjoying solitude and being confined to the four corners of my comfort zone. Now – just seven years after graduating – I’ve...
View ArticleCandidates refuse 20% pay rises as hiring plummets in Asia’s ‘safest banking...
Two years ago trade finance staff were the darlings of the labour market in Asian finance. Their function was singled out as ‘safe’ and immune from job cuts, while hiring rates were healthy,...
View ArticleMorning Coffee: The secret dreams of the Goldman Sachs intern. British...
Goldman Sachs has been getting beneath the skin of its youngest and most putative employees in an effort to establish what they really, really, want from life. The answer can be summarized in one word:...
View ArticleTwo senior investment bankers have just left Credit Suisse in London and New...
In theory, the shake-up in Credit Suisse’s investment bank is centred around its global markets business. In fact, managing directors in IBD are departing too. Frank Napolitano, a managing director and...
View ArticleTom Cornacchia’s exit is bad news for Goldman’s U.S. fixed income sales staff
However hard a fixed income sales guy tries to be an electronic execution guy, he’ll never quite match up. This looks like the message from this week’s surprise departure of Tom Cornacchia, global...
View ArticleFour ways to stand out from the crowd to get your first financial services job
If you want to get your first job in financial services today, you must be driven from the moment you start university. Not only must you join the right societies, pursue the right activities and...
View ArticleHow investment banks fell out of love with MBAs
MBA students have fallen out of love with investment banks and the feeling is mutual. The expensive qualification that formerly offered an option for beginning a banking career after a stint in another...
View ArticleGraduate and internship application deadlines for banks in Singapore and Hong...
If you’re after a graduate job or summer internship at a global bank in Singapore or Hong Kong in 2017, you generally only have a few more weeks in which to apply. As the deadline clock ticks down,...
View ArticleMorning Coffee: UBS and Deutsche chasing new breed of banker. Worst of all...
As last week’s management shakeup at Goldman Sachs’ securities division helped clarify, traditional salespeople are being edged out. In future, clients will have direct access to data-rich systems like...
View ArticleWhat do you really do all day as a junior in a hedge fund?
The route into a hedge fund used to be straightforward. Earn your stripes on the trading floor of an investment bank – ideally in a proprietary trading role – develop a demonstrable ‘track record’ and...
View ArticleBanking layoffs a “little trickle,” despite noises from Deutsche and Credit...
Should you fear the final months of this year? After all, they’re supposed to be the time that Brexit-related layoffs start seriously manifesting themselves in London. They’re also when banks’ cost...
View ArticleMore investment banks are quietly hiring equity researchers
While investment banks across the City are reassessing their headcount or freezing recruitment as the fallout from the Brexit vote and difficult operating environment, equity research remains a key...
View Article7 things you can learn from Citi’s 2016 analyst class on Wall Street
Whether you’ve recently wrapped a summer analyst program or internship or are positioning yourself for one next summer, that avenue is your best bet to land a job as a full-time investment banking...
View ArticleBanks are letting go of juniors for alleged expenses abuses
Banks might be holding back on layoffs in their London IBD teams, but this doesn’t mean their juniors are automatically safe. Recruiters say the past few months have seen a spate of exits after...
View ArticleA Goldman Sachs MD explains why Italians make great bankers
When we looked at the nationalities of an admittedly small, but nonetheless representative, sample of this year’s analyst classes in the City of London last week, one thing stood out: the Italians. By...
View Article