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Morning Coffee: The richest people in finance are brilliantly eccentric. Key...
Some of the 300 people who work for quantitative hedge fund Renaissance Technologies are rich. Not just the garden variety managing-director-in-an-investment-bank sort rich, but very rich. Fly into...
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One of the most talented equity traders at SocGen has quit
Maxime Kahn, one of the top equity traders at SocGen has left the French bank after twenty years. His destination is unclear, but we strongly suspect he’s joining a hedge fund. Paris-based Kahn was...
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Former Citadel quant seeks equity researchers to get out into the real world
Mark Pacitti worked as a quant at both Citadel and Goldman Sachs, but is now getting away from spreadsheets and stats. Instead, he’s looking to hire equity researchers for his new independent research...
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Goldman Sachs partner suggests finance students are boring
Should you study finance or liberal arts if you want to get into Goldman Sachs? Jeff Goldenberg, a long-standing Goldman Sachs partner and head of portfolio strategy in Goldman’s private wealth...
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PwC is hiring for assurance, but doesn’t just want accountants
Most roles in Big Four accounting firms require a Certified Public Accountant (CPA) or other accounting qualification, but this isn’t the limit of the skills you need. Like investment banks and every...
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Particle physicist from the Large Hadron Collider turned Goldman Sachs trader...
If you’ve previously worked as a researcher for the world’s most powerful particle accelerator at CERN in Switzerland, maybe the structured products division of an investment bank doesn’t seem like...
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The top universities for technology jobs at banks in the UK
When banks in the UK want students for their technology analyst programmes in the UK, where do they turn? Not, seemingly, to exactly the same universities they recruit their front office analysts from....
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Thinking of blowing the whistle on your bank? Here are six factors to consider
The decision of whether or not to blow the whistle on your employer if you’ve witnessed a compliance infraction or violation of securities law is not an easy one. While it may be the right thing to do,...
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Morning Coffee: The optimal time to earn big money in investment banking....
Just because you’re earning £500k ($620k) as an investment banker, doesn’t mean that you’re rich. It doesn’t even mean that you’re particularly comfortable. At least that’s the conclusion of a survey...
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8 things I wish I knew before I lost my banking job
I used to work in ‘banking’. Before I lost my job with a top European bank two years ago, I spent 20 years trading cash equities. I’ve worked across the cash world: algorithmic trading, client...
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New UK hedge fund launch attracts senior traders from Spain
If there are two certainties about the London financial services market right now it’s that few hedge funds are launching in the UK and that professionals are more likely to leave the City than arrive...
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UBS’s head of EMEA FX, rates, credit structuring has quietly left the bank
Alexis Besse is no more. The head of EMEA fixed income structuring at UBS has sloped off to do something completely different. No announcements, no fanfare; he’s gone. Like many before him, Besse is...
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How to get post-interview feedback when you didn’t get the job
The best-case scenario is when you leave a job interview feeling like you knocked it out of the park and that impression is validated by a prompt follow-up from the recruiter or hiring manager to...
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Ex-Morgan Stanley MD says that investment banks are now realising the power...
Quants in investment banking need to realise that there are more opportunities available to them than they think. Jamie Walton, the former head of FX quants at Morgan Stanley, says investment banks are...
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Autumn Statement means bankers will want bikes for bonuses
Everyone knows that a (usually middle aged male) banker likes a bike. Just ask Tanneguy Marie De Carne, SocGen’s London-based global head of high yield capital markets, who got into a high speed chase...
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Goldman Sachs’ traders’ cunning Thanksgiving plan
Usually, the Friday after Thanksgiving is reserved for analyst and associates. While managing directors and VPs fly home to spend the occasion with their families, banks’ most junior staff are left to...
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Here are the salaries and bonuses at hedge funds in the U.S.
Hedge fund performance has been disappointing and many are under pressure to cut fees, but if you assume that means hedge fund compensation is down this year, then you’d be wrong. In fact, pay is up...
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Morning Coffee: “I tried to stop my bank hiring from the upper middle...
Investment banks like to hire from the established ‘elites.’ We know this because of figures from Financial News showing that 33% of UK ‘bankers’ were privately educated even though this falls to 7%...
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Nomura salesman at the heart of Invexstar case has moved to Italy for a new...
A Nomura rates salesman who successfully sued the investment bank for unfair dismissal over a series of soured deals that led to its biggest ever single trading loss, has now moved to Italy for a new...
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A chart explaining why bankers must earn less or work more
When UK Chancellor Philip Hammond delivered his Autumn Statement yesterday, he highlighted the sorry state of productivity in the UK. “In the real world, it takes a German worker 4 days to produce what...
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