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An algo developer who joined Goldman Sachs a year ago just quit for Citi
In theory, Goldman Sachs should be trying its hardest to keep everyone on its strats team happy. After all, strats are one of its priorities – or were under outgoing CEO Lloyd Blankfein. It’s curious,...
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A Morgan Stanley MD quit to start a Zen quant fund, and people are following her
Former Morgan Stanley managing director Juhua Zhu has left the firm to found New York quant fund Argus Investment Management. Zhu has brought with her at least two former Morgan Stanley quants from its...
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Morning Coffee: Barclays looks at U.S. retail as alternative to investment...
They say that there’s never a bell rung at the top of the market, but there are some things which seem to happen about once every business cycle. A new record for the tallest building in the world,...
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The new most popular banking jobs in London are not what you think
Once upon a time, the most desirable jobs in banking and finance were investment roles in private equity funds and portfolio management jobs in hedge funds. Not any more. Today, some of the most...
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The stock pitch that landed a Wharton student a hedge fund interview
Several fintech companies and an app that hosts user debates recently partnered to launch a video-based challenge that pitted hopeful investment managers against one another in an online battle of...
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Why Ted Pick’s Morgan Stanley looks like the place to be
Much of the talk yesterday on Wall Street centered around the good timing of David Solomon, who was named Goldman Sachs’ new chief executive on the same day the bank reported strong quarterly results....
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Goldman Sachs traders fear lower pay under Solomon & Chavez, while Morgan...
David Solomon will be receiving a pay rise when he becomes CEO of Goldman Sachs. Currently paid $1.85m, Solomon will earn $2m a year when he assumes the leadership mantle on 1 October. Goldman’s...
View ArticleDeloitte is on the hunt for talent as it helps insurers prepare for IFRS 17....
Deloitte is looking to expand its Asia Pacific team to assist insurers as they gear up for the introduction of International Financial Reporting Standard 17 “Insurance Contracts” (IFRS 17). With just...
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Morning Coffee: Goldman Sachs, Morgan Stanley wrestle over bragging rights....
Investment bankers at Goldman Sachs and Morgan Stanley booked impressive revenue totals during the second quarter, particularly in merger and acquisitions and equity capital markets. The two banks were...
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I’m a banking intern and I have no social life
Summer internships usually feed 70%+ of full-time recruits into banks’ graduate programmes, and now that I’m into my fourth week here I can see why. Firstly, the hours are, of course, brutal but...
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Once-suspended and reinstated UBS trader makes his exit
A longtime UBS trader who was once suspended for over a year as part of the global probe into the manipulation of currency markets has left the bank. Michael Agaisse, UBS’s former head of FX and PM...
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More and more ex-Deutsche Bank people are finding jobs elsewhere
Deutsche Bank’s front office redundancies are – theoretically – over. This isn’t preventing the German bank from losing staff who choose to go of their own accords, while those who were ejected...
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The simple reason why no one wants to leave Blackstone
Private equity behemoth Blackstone just posted impressive second quarter results – the value of its portfolio increased by 9.5% over the past three months, up from 6.4% in Q1. The performance led to a...
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Morning Coffee: Sorry end for talented trader whose pay deal was the envy of...
There’s unlikely to be a trader anywhere who hasn’t heard of Christian Bittar. He, after all, is the ex-Deutsche Bank trader who made £90m ($117m) aged 38 in 2008 thanks to a famously generous...
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J.P. Morgan’s old head of AI is up to something interesting at Cerberus
J.P. Morgan’s machine learning team has had a busy year. Following the exit of various of its senior members, J.P. Morgan’s renowned Intelligent Solutions unit was disbanded and its remaining...
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How to ace a video interview at Goldman Sachs
Two years ago, Goldman Sachs made the decision to stop conducting interviews for undergraduate students on college campuses. Instead, the bank switched to video interviews for first-round candidates,...
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After a mixed second quarter, banks are trimming rates desks
2017 was a good year for banks’ macro desks, with various banks making big hires across rates sales and trading in London and New York. Will 2018 be the year jobs are cut again? Not necessarily, but...
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Junior banker? You’re not that rich
Last year, I was at a friend’s birthday party, who, like me, worked in investment banking. Unsurprisingly, most people at the party was working in the same space; many well-off, promising faces from...
View ArticleMy prep route to becoming a Fixed Income Analyst
Ian Chong, now a Fixed Income Analyst at REDD Intelligence, knew that having the right Master’s degree would be critical in determining the success of the career switch he was aiming for. Chong wanted...
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Morning Coffee: The awful reality of working for a private equity fund....
If you visit this site regularly, you will have already seen some cautionary tales of bankers who moved into private equity (PE) and who found the grass that was supposed to be greener to instead be...
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