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OppenheimerFunds: Demise of active management exaggerated, and we’re hiring
Tom Wilson, the head of talent acquisition at $240bn asset management firm OppenheimerFunds, has a curious analogy about the seemingly slow decline of active asset management. It’s a melting iceberg –...
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Goldman’s 2nd year technologists say they’ve seen no sign of this pay rise
Goldman Sachs is paying more to its brand new technology analysts in an attempt to compete with Silicon Valley. Bloomberg reported last month that the bank is now paying entry-level “engineers”...
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J.P. Morgan is appointing ex-GS Mike Grimaldi head of IB technology
Today is a big day for change at the top of the technology tree at J.P. Morgan. Lori Beer, the former chief information officer of J.P. Morgan’s corporate and investment bank has been promoted to group...
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Morning Coffee: Top hedge fund rewards curious personality traits. Why bond...
What kind of person do you need to be to get ahead in a major hedge fund? How about analytical and driven? Numerate and curious? Or “living in truth” and “assertive and open minded at the same time.”...
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Senior Credit Suisse FX salesman re-emerges to head trading firm Pictet Markets
A senior FX salesman at Credit Suisse, who has spent the past 20 years working for big investment banks in London, has quit to lead the trading arm of a $400bn asset manager. Enrico Casini, who was...
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Meet the new man in charge of thousands of technologists at Deutsche Bank
Scott Marcar is the new man in charge of thousands of technologists in Deutsche Bank’s corporate and investment bank. He’s just been promoted to chief information officer of the CIB, replacing Mike...
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Are you like the 20 year-olds who get jobs at Goldman Sachs? A test!
Goldman Sachs is going to start putting its prospective recruits through a personality test. Those who succeed will need to display personality traits similar to the high performers it’s hired already....
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Cantor Fitzgerald is still hiring senior fixed income staff in the U.S.
Cantor Fitzgerald may be cutting staff in London, but the new House of Jain is still hiring in the U.S. Anshu Jain, the former co-CEO of Deutsche Bank, joined Cantor as president in January, and the...
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Why senior bankers won’t help you out. How to change their minds
If you’re a student or junior banker who’s trying to make it on Wall Street, you need a mentor. Believe me: in my 17 years on Wall Street, I’ve come to truly appreciate what a powerful tool a mentor...
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Why this senior HSBC investment banker has just quit to run a cookie company
Three months ago, as head of HSBC’s consumer group for the Americas, Luis Galeano was overseeing 30 investment bankers. Now, having quit banking to lead a New York cookie company, he leads a team of...
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Deutsche Bank’s secret generosity to its longest-serving staff
Deutsche Bank’s retention bonuses from earlier this year aren’t going too well. You will recall that these special bonuses, paid to top DB staff to compensate for the annihilation of 2016 performance...
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“I was an Olympic athlete, now I help execute ANZ’s strategy across Asia”
Carli Renzi says ANZ started supporting her career aspirations even before she joined the firm. In late 2005 Renzi was looking for her first banking job as a graduate, but this wasn’t the only thing...
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Morning Coffee: The $200k jobs on offer after four months’ banking...
Breaking into private equity isn’t easy. Even if you’re a top-ranked investment banking analyst, only 3% of people applying to PE are ever invited to interview – a gruelling process that weeds out...
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J.P. Morgan has made another big hire for its $20 trillion custody business
Compared to other parts of its corporate and investment bank, J.P. Morgan’s global custody business doesn’t get a lot of attention. It’s huge – with $20 trillion in assets under custody – is growing...
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Citi’s credit MDs keep quitting for this brokerage firm that pays CASH
If you work in credit sales and trading, Citi is the place to be. While banks like Goldman Sachs rush to strengthen their trading relationships with corporate clients in the credit market, Citi already...
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Huge pay at this tiny boutique investment bank in London
Not many people work for Qatalyst Partners in London. The tech-focused boutique has just seven employees in the UK, and two senior executives, but despite this tiny heacount, it was unusually generous...
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Why you will find the best dressed bankers at BNP Paribas
If you work for Goldman Sachs, don’t necessarily expect to wear a suit. Goldman these days is more a chinos sort of place than a world of Ferragamo loafers and shirts with your initials embroidered on...
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The best way to prepare for the CFA without running out of time
Studying for the CFA exam, while balancing work and social life commitments, can be a juggling act. This is why Kaplan Early Start courses are proving so popular, allowing CFA candidates to better...
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Why a hard-science PhD is the best qualification for quants
While banks and hedge funds battle over the best quants, usually armed with a PhD in either maths or statistics, Desmond Lun, a professor at Rutgers University and the co-founder and chief investment...
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Why Goldman bankers want to work for Citi, by Citi
If you’re a regular reader of eFinancialCareers, you’ll already be familiar with our suggestion that Citi’s markets business is already many of the things that Goldman Sachs aspires to be and looks...
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