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Irma just closed Deutsche Bank’s massive Jacksonville office
When Deutsche Bank opened its office in Jacksonville Florida in 2008, it seemed like a good idea. After all, the state has some great universities, a low cost of living and pay that’s 30% below New...
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I left Goldman Sachs for a three-man start-up in 2003. It was the right decision
When Mark Traudt quit Goldman Sachs for a fintech start-up in 2003, he was something of an exception. Banks might be now battling with Silicon Valley and a raft of disruptive companies for talent, but...
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Morning Coffee: Is this why Edith Cooper is leaving Goldman Sachs? The...
It’s the end of an era. After 21 years and innumerable interviews on getting a job at Goldman Sachs, Edith Cooper, Goldman’s erstwhile head of HR, is leaving the firm. As the Wall Street Journal points...
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A top UBS researcher launched a curious side-business
These are tough times in equity research. With MiFID II fast approaching, researchers are nearing the time when they will need to charge for their output and justify their existence through the sale of...
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Michael Hintze’s CQS has been increasing pay despite recent staff cuts
Staff numbers have continued to fall at Michael Hintze’s hedge fund CQS, but 2016 was still a bumper year for pay at the firm. This year looks like being decidedly leaner. CQS has just released its...
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Barclays hired a Citi MD for its U.S. prime brokerage business
Prime brokerage hiring is hot on Wall Street this year. As we reported in August, Canadian banks have been particularly eager to bolster their U.S. pb presence, as has Cantor under Anshu Jain. In fact,...
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10 reasons to join Goldman Sachs as it rebuilds in FICC, by Harvey Schwartz
Today’s the day. After a succession of miserable quarters in fixed income sales and trading which Goldman Sachs was “not satisfied with”, ex-CFO and current COO Harvey Schwartz made his presentation...
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Senior investment banker quits for corporate development role at Blackberry
Blackberrys used to be ubiquitous in investment banking. The smart phone ensured that bankers could never escape the office, tied constantly to ‘crackberrys’, sleeping fitfully with them on their...
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UBS pulls MD-level rates trader from Jefferies
With fixed income currencies and commodities recruitment picking up to pre-crisis heights on Wall Street, UBS is getting in on the rush for top rates traders. Daniel Brierley, who has spent the past...
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JPMorgan is raiding Goldman Sachs’ U.S equities business
When Goldman CFO Harvey Schwartz made his presentation at the Barclays’ Financial Services Conference today, he said the firm plans to increase equities sales and trading revenues by $500m over the...
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Eight deadly sins to avoid when creating a banking cover letter
Cover letters need to do three things: prove you can do the job, differentiate you from other candidates and not attach a red flag to your application. Sadly, the third component is just as critical as...
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Get angry. Get frustrated. It could make you perform better at work
Most of us, if asked, would opt for a harmonious office environment. Few of us regularly display anger or suspicion in the workplace, choosing instead to hide any negative feelings lest they damage our...
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Morning Coffee: How to get fired by Jamie Dimon. Obscure M&A jobs at Goldman...
You can’t move for bitcoin millionaires these days, or 20-somethings aching to tell you how they made a fortune with the cryptocurrency simply by sitting in their dorm – and how you can do the same. If...
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Young British banker? You’re gonna have to up your game
When Philip Augar got his first job in the City of London, it was 1978. He’d just graduated (admittedly from Cambridge) and was wondering about becoming an academic historian – except there were no...
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The popular head of electronic products just left Credit Suisse
Change is afoot at Credit Suisse. On one hand, it’s hiring under new global head of equities, Mike Stewart. On the other, it’s bigging-up systematic trading as a way of increasing revenues at...
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The head of global markets at Sberbank has moved to London for an MD job at HSBC
There’s a revival in rates recruitment in London investment banks, and competition is heating up. Banks are hiring from the buy-side and people who left the market years ago to fill senior roles. And,...
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Wall Street pay negotiations are changing. This is what you need to know
On Wall Street, pay negotiations going into a new job are an art form – a cat and mouse game where an employer tries to low ball and the lead candidate tries to inflate their worth as much as possible....
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Hedge fund Capula’s CEO Steve Gregornik has left, as it moves into plush new...
Steven Gregornik, a partner and chief executive officer at Capula Investment Management in London, has become the latest senior figure to depart from the $10.2bn hedge fund this year. Gregornik has...
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J.P Morgan wants its senior technologists to come back again
Technology is a big deal in J.P. Morgan’s corporate and investment bank (CIB). The division employs around 10,000 technologists and just hired a new chief technologist in the form of Mike Grimaldi, the...
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UBS is building a new restructuring team in New York
UBS appears to be hedging its bets on the U.S. economy. Despite a bumper year for M&A deals in the Americas, the Swiss bank has started building a new restructuring team. UBS has just hired Lloyd...
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