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Why financial services will be just fine with hardly any human traders
About a decade ago, if you said that the trading floors on Wall Street were a good place to go for some peace and quiet, you would get some very strange looks. But in five or 10 more years, that will...
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Banks start to wonder whether MDs in M&A are really doing any work
That managing director in your office – the one who said he was out meeting clients all last week and the week before, and two weeks before that. Was he really meeting clients? Or was he actually...
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Hedge funds are cutting costs – what does this mean for you?
Hedge funds are in cost-cutting mode, whether you believe the current crisis hitting alternative investment managers is cyclical or secular. Not only are hedge funds struggling to pay their...
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Morning Coffee: Deutsche Bank’s cunning way to pay its bankers. Don’t let...
Deutsche Bank is cracking down on bonuses during times of strife. It’s forcing, or likely to force, its bankers to accept more their variable pay in shares from its non-core unit or – even worse – in...
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Deep thoughts on finance careers, from a man who retired at 35
If you wanted to draw the ideal ‘finance career arc’, it would be hard to come up with something more perfectly curved than the trajectory followed by Khemaridh (Khe) Hy, the recently former managing...
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This senior technologist has just left Goldman Sachs for J.P. Morgan
In the battle for senior technologists, Goldman Sachs has been a target for many other large investment banks. Another managing director has departed for a competitor, this time making the leap across...
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40-year Morgan Stanley vet dishes on the secrets to investment banking success
James Runde’s 40th anniversary at Morgan Stanley was in 2014 and marked the longest tenure of any investment banker at a single institution. The industry may have morphed significantly over that time,...
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Jose Mourinho’s lesson for Brexit bankers at Morgan Stanley
James Gorman has said the word(s). Morgan Stanley will need to have a new hub inside the European Union. Morgan Stanley employees and their families who are currently based in London will need to move....
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This M&A boutique is hiring heavily in London
While London-based banks trim M&A juniors and keep tabs on what their senior staff are doing, boutiques are still hiring. One boutique in particular is doing some biggish recruitment in the City:...
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These investment banking traders are leaving Capula Investment Management
Capula Investment Management is a hedge fund that likes to hire from investment banks. While others complain about the dearth of talent on the buy-side, Capula has continued to bring in senior traders...
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Those traders on Twitter? They’re in the toilets
Bankers don’t live in the real world. They earn more. They work more. And they have access to internet sites that everyone else takes for granted severely curtailed. It’s a bit like living in China,...
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Morning Coffee: 53 year-old head of HY arrested for unorthodox stress-relief....
Working in high yield can be stressful. If you’re a trader, you’re working in what can be highly illiquid markets. If you’re an originator, you’re battling a tide of falling new issuance. This might be...
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Jefferies has been poaching junior and mid-ranking bankers in London
As large investment banks hunker down after Brexit, it’s becoming increasingly clear that smaller firms are taking the opportunity to hire. Evercore is growing in London, and in recent weeks Jefferies...
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Deutsche Bank or Barclays? Or neither?
European investment banks are supposed to be worse places to work than U.S. investment banks now. While European banks battle challenging markets and low capital ratios, U.S. banks have already put...
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Six tips for spending the perfect amount of time on your job search
How much time should you spend searching for a job? Well, that depends. As simple a process as this sounds, there are variables depending on which financial sector you work in, your level of seniority...
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The 10 most desirable jobs in London and New York now
More people are venturing out into the job market currently – this is understandable. London is reeling from the post-Brexit uncertainty and New York’s financial sector is holding its breath for the...
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A champion speed skater and ex-investment banker is making noise on the buy side
Brett Hickey had set his sights on a speed-skating gold medal, not a career in financial services. He grew up in a small town in western Canada, where he started a clothing distribution business at age...
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A bankers’ Brexit? 3 charts showing who stands to lose the most
The British Labour party has stumbled into the feculant political mire that is the country’s Brexit negotiations. Following suggestions that Britain might pay the EU to permit the City continued access...
View ArticlePlayboy lifestyles for expat bankers “grind to a halt” in Hong Kong
The start of the Rurik Jutting trial this week has reopened debate not just about the horrific nature of his alleged crimes, but also about the way he lived while working as an expat banker in Hong...
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Morning Coffee: John Cryan gets honest about Deutsche Bank. Nomura’s job cuts...
Deutsche Banks’ third-quarter earnings were good, largely because of a 14% year-over-year rise in bond trading revenue. But during yesterday’s analyst call CEO John Cryan made it clear where the bank...
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