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Money Managers, Underwriters Prepping for Bountiful Bonuses
If you’re looking for job security and a growing paycheck, money management appears to be the place you want to be. Wall Streeters working at asset managers, hedge funds and firms concentrating on high net worth clients will see a 10% to 15% jump in incentivized compensation in 2013, according to a new study. The […]
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The seven mental disorders most prevalent in financial services
Financial services professionals are under pressure. In an environment where bankers are vilified, job prospects are increasingly limited and the prospect of redundancy looms large, mental health issues are becoming ever more common in the financial sector. In fact, according to research released this week from Legal & General, depression and anxiety in the financial […]
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Eight Ways to Maximize Your Relationships with Financial Recruiters
Financial services recruiters can be a great resource, but if you don’t pick the right ones or fail to work with them strategically, you’ll end banging your head against a wall and going home jobless. Here are some hints from recruiters themselves on how to get the most out of the relationship and make the […]
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Ageism as longest serving traders and salespeople leave Barclays?
True to its promise to disproportionately target its most senior staff for layoffs, it seems Barclays has been clearing out long serving rates traders and salespeople. “Barclays let go of a whole raft of senior people from its rates desk,” said one London-based headhunter, speaking on condition of anonymity. “They were mostly people who’d worked […]
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How to Get a Job in Wealth Management at Goldman Sachs
In late 2009, Goldman Sachs Chief Executive Lloyd Blankfein planted the company flag in a sector that wasn’t the firm’s main focus: wealth management. “That should be bigger than it is,” he said of the unit at the time. Goldman has been methodically adding people since, and has been crawling up the rankings. Goldman’s wealth […]
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Outrage as senior trader let go after a tiny $10m-$25m loss
In a sign that French banks are becoming extraordinarily risk averse, BNP Paribas is said to have let go of a senior trader after a loss that would barely merit a mention at rival banks. The Financial Times says that Lionel Crassier, the former head of U.S. equities for BNP Paribas, has left the French bank after […]
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Sneak Attack Blinds J.P. Morgan Shareholders Ahead of Dimon Vote
A firm you have probably never heard of, which does a job you probably didn’t think was necessary, may have just boosted J.P. Morgan Chief Executive Jamie Dimon’s chances of holding on to his role of chairman. New York-based Broadridge has, what is on the surface, a rather minor role in proxy decisions. It tallies […]
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Six ways multinationals can nurture Singaporean talent
Global companies in Singapore with aggressive ambitions for Asia have started ramping up internal programmes to advance the skills and experience of nationals. Success in Asia is increasingly being linked to the visible diversity of top executive leadership – and international banks have responded accordingly. The Tripartite Alliance for Fair Employment Practices (Tafep) recently published […]
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From geek to chic: collaborative CIOs surrender some control as they herald increasing influence
Gone are the days of the IT chief in wrinkle-free pants and a pen in his shirt pocket hiding somewhere in the crevices of your company. Today’s chief information officer is as well-heeled, articulate and confident when meeting clients and collaborating on company-wide strategy as the rest of the C-suite. These generously compensated and highly […]
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This Screenshot Typifies the Life of an Investment Banker
Investment bankers make plenty of money, but it often comes at a price, for the banker and their family. This screenshot, taken by an investment banking source at Barclays, paints this picture with clear strokes. The bank is hosting an upcoming event called “The Nanny Factor,” which will cover the “challenges and benefits” of someone […]
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