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Junior bankers caution against moving to private equity
If you’re an analyst or an associate in an investment banking division (IBD), you almost certainly want to move into private equity. Given private equity funds’ notoriously long interview processes,...
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Bank of America hires another tech MD away from Goldman Sachs
Investment banks have continued to battle for people to head up their technology functions throughout 2017, and Goldman Sachs has been the target in recent months. The latest MD to leave Goldman’s...
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How to spot the top technologists at Goldman Sachs and J.P. Morgan
When Goldman Sachs announced its new managing directors last month, there were plenty of technologists on the list. However, the Goldman technology staff who didn’t make the MD cut won’t be that cut...
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This expansionary $12bn hedge fund has hired Man AHL’s head of equities in...
The head of equities at Man AHL has left after nearly ten years at the hedge fund to join Balyasny Asset Management as it wraps up an expansive year with a quantitative portfolio manager hiring spree....
View ArticleWhy stressed, burned out bankers keep creating industry scandals
Stress is ubiquitous in financial services. The burnouts of Hector Sants at Barclays or Lloyds CEO António Horta-Osório are high profile examples of the pressures of working in demanding banking jobs....
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Standard Chartered has just hired a Goldman Sachs veteran in Hong Kong
Standard Chartered has beaten the post-bonus recruitment rush by hiring a senior banker from Goldman Sachs in Hong Kong. Jonathan Cher, formerly an executive director at Goldman Sachs, moved to Stan...
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Morning Coffee: Billionaire-maker day in Bitcoin madness. Analysts on the cheap
This may change by the time I’ve finished writing this sentence, but bitcoin ended at $16k yesterday, following wild swings that hit highs of $20k within 90 minutes on Coinbase Inc’s GDAX exchange....
View Article“Every time I’ve fired a banker in France, I’ve needed a body guard”
Firing people in France is a bit like that George Clooney movie Up In The Air, where he’s parachuted in to deliver the bad news, except with fewer tears and more wild gesticulation and the threat of...
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Bank of America and Citi’s MD promotions raise a few eyebrows
Goldman Sachs went first. Now Citi and Bank of America have made their own managing director promotions. And some people in their markets divisions are not happy with the outcomes. At Bank of America,...
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Deutsche Bank targets Citigroup again for its new co-head of equity...
Deutsche Bank has continued the build out of its equities business, following the appointment of new global head Peter Selman in November, by bringing in a new head of equity derivatives for the...
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J.P. Morgan’s head of data science and machine learning on the reality of his...
J.P. Morgan is one of the most advanced banks when it comes to data science and machine learning. It hired in Geoffrey Zweig from Microsoft in February 2017 as head of machine learning. It’s actually...
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Bank of America Merrill Lynch has hired another top technologist
Bank of America Merrill Lynch has landed another top technologist in New York as it continues to bring in senior hires before the end of the year. Following on from the appointment of Caroline Arnold,...
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How I made friends with the MDs at my bank
Yes, smoking is a dirty habit. It’s for addicts or nihilists, depending upon your perspective. But the more us dirty, nihilistic smokers are vilified, the more we pull together – and this has its...
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Morning Coffee: The looming Wall Street banker exodus. Barclays’ new...
Brexit isn’t just about a few thousand trading jobs making their way to continent. It also means that investment banks are questioning the wisdom of keeping jobs in high-cost centres like London, and...
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J.P. Morgan’s Daniel Ciment: Artificial intelligence won’t kill trading jobs
If you’re a trader who’s fearful that your entire species will be displaced by intelligent algorithms, don’t be. Daniel Ciment of J.P. Morgan says it won’t happen, and Ciment should know. Ciment is...
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One of Jefferies’ top technology bankers has quit for a small new investment...
The former head of media, communications and information services at Jefferies has ditched investment banking to join a small investment firm focused on technology. Alex Kelloff, a managing director at...
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The crucial difference between making MD at Barclays and Goldman Sachs
If you want to make MD in an investment bank, should you work for Barclays or for Goldman Sachs? Statistics released by each bank on this year’s MD promotions suggest it depends upon your career path....
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What to wear when you work for a bank in Frankfurt
If you’re contemplating a move from London to Frankfurt, you might think you’ll be able to get away with dressing in the same way. After all, the banking industry is fairly homogenous across Europe and...
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The path from poverty in South America to a career on Wall Street
My parents immigrated from Guyana in the early ’80s, both from poor farming families. My father worked to pay for his college education while being financially responsible for his parents and younger...
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Morning Coffee: The bubble could be about to burst for bankers at Barclays....
Barclays’ investment bankers have had a good time of it since the departure of their previous ex-retailing banking CEO Antony Jenkins and Jenkins’ replacement by Jes Staley, a red-blooded ex-J.P....
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