eFinancialCareers » Why a Labour Government would have been bad for banking bonuses

Eisler Capital, the smallish multistrategy hedge fund with aspirations to be much bigger, is hiring people. But it probably won't be using search firm Monroe Partners to do it. Get Morning Cof...

https://www.efinancialcareers.com/news/hedge-fund-eisler-capital-is-in-a-dispute-with-a-hedge-fund-headhunter

These are different times at Carlyle Group. Not only is there a new CEO in the form of Goldman Sachs' ex-COO Harvey Schwartz , but there's a new pay set-up. And it's a set-up that seems to be a f...

https://www.efinancialcareers.com/news/carlyle-s-compensation-change-has-worked-well-for-its-private-equity-professionals

Banks are full of confusing terminology . Get Morning Coffee  ☕ in your inbox. Sign up here. If you’re thinking about applying for a job at one, you might have come across the front, ...

https://www.efinancialcareers.com/news/finance/front-office-middle-office-back-office-banking

Banks are full of confusing terminology . Get Morning Coffee  ☕ in your inbox. Sign up here. If you’re thinking about applying for a job at one, you might have come across the front, ...

https://www.efinancialcareers.com/news/front-office-middle-office-back-office-banking

Banks are full of confusing terminology . Get Morning Coffee  ☕ in your inbox. Sign up here. If you’re thinking about applying for a job at one, you might have come across the front, ...

https://www.efinancialcareers.com/news/2016/06/front-office-middle-office-back-office-banking

JPMorgan's electronic equities trading platform has become one of its big strengths. This might be why a former Goldman Sachs managing director who's spent the past few years touring hedge funds ...

https://www.efinancialcareers.com/news/jp-morgan-hired-hudson-river-s-head-of-client-market-making

Citi may be cutting jobs , but it's also said several times that it continues to invest in compliance and controls. This continued investment has not prevented it from cutting one of its most sen...

https://www.efinancialcareers.com/news/citi-quietly-parted-company-with-its-emea-chief-compliance-officer

As financial institutions pipeline their intern and graduate cohorts for 2024, they are looking for new ways to reach and engage with the next generation of talent. They are also facing strong co...

https://www.efinancialcareers.com/news/e-fc-student-and-graduate-fair-sc

Spare a thought for Ewen Stevenson.  After a successful career in investment banking, he decided that he wanted to build a CV that might take him to the very top of the industry.  So he joined ...

https://www.efinancialcareers.com/news/ewen-stevenson-hsbc

Nomura may not announce its bonuses until next week, but it seems that Instinet, the institutional agency broker which acts as Nomura equities trading arm, has announced today. There are complai...

https://www.efinancialcareers.com/news/people-are-saying-some-bad-things-about-instinet-bonuses

Citi may have finished part one of its mission to cut 20,000 jobs , but it's only cut 5,000 of them so far. Discounting the removal of another 5,000 jobs from whole business sales , it still has...

https://www.efinancialcareers.com/news/citi-cut-paul-brennan

What's an investment bank? If you ask the man or woman on the street, the vast majority of them will draw blanks – or be completely wrong. Get Morning Coffee  ☕ in your inbox. Sign up her...

https://www.efinancialcareers.com/news/what-is-an-investment-bank

How hard it is to get a job at fintech /neobanking firm Revolut?  Click here to sign up for our fintech newsletter  🤖 Last time we considered this issue, Revolut said it was hiring more...

https://www.efinancialcareers.com/news/applying-for-a-job-at-revolut

Beatriz Duarte is a Senior Associate in the Real Estate Acquisitions team at Blackstone in London. She joined the firm in October 2020 and prior to that, was an analyst in the Investment Banking ...

https://www.efinancialcareers.com/news/what-its-like-to-work-at-blackstone

As we reported yesterday, JPMorgan's new managing directors (MDs) have been announced. In the investment bank, their names are of particular importance.  Get Morning Coffee  ☕ in your inb...

https://www.efinancialcareers.com/news/jpmorgan-new-mds-2024

Something has changed in the mind of Noel Quinn, the man who HSBC didn't necessarily want to become the CEO, but who became the CEO anyway and then did a reasonable job driving through a restruct...

https://www.efinancialcareers.com/news/noel-quinn-is-leaving-hsbc-to-pursue-everyone-s-fantasy-career

Millennium, the world's largest multistrategy hedge fund, has a good lawyer.  Get Morning Coffee  ☕ in your inbox. Sign up here. Andrew Levander, a New York partner specializing in whit...

https://www.efinancialcareers.com/news/jane-street-vs-millennium

It's nearly 15 months since hedge fund Brevan Howard announced that it was opening an office in Abu Dhabi. Since that time, the fund has amassed 90 employees at its new UAE outpost, up from aro...

https://www.efinancialcareers.com/news/brevan-howard-abu-dhabi

Banks might have signaled some willingness to restart hiring in 2024, but that doesn’t mean that Canary Wharf and the City of London are awash with jobs. Recruitment consultant Morgan McKinl...

https://www.efinancialcareers.com/news/london-finance-jobs

JPMorgan has announced its new managing directors (MDs). However, unlike Goldman Sachs, JPMorgan does not share its new MDs publicly. The fortunate people won't officially assume their new jobs...

https://www.efinancialcareers.com/news/jpmorgan-managing-directors

When Barclays announced its results last week , they were not great. Fixed income sales and trading revenues at the British bank were down 21% year-on-year, compared to an increase of 7% at Deut...

https://www.efinancialcareers.com/news/barclays-says-it-needs-some-new-european-macro-traders

Amidst the furor over senior bankers being fired (they say unfairly ) for claiming medical expenses at Bank of Singapore, it's worth remembering that even well remunerated financial services pro...

https://www.efinancialcareers.com/news/goldman-sachs-london-bankers-paris-olympics

As we were first to report last week, Bank of Singapore has been cracking down on employees whom it says made fraudulent medical insurance claims. The bank is declining to comment on the issue, b...

https://www.efinancialcareers.com/news/bank-of-singapore-s-medical-benefits-issue-affected-hundreds-of-employees-fairly-or-not

The investment banking recruitment process has a lot of emphasis on target schools, grades, and interviews. We’ve had plenty of articles about how to ace those interviews (especially the tech...

https://www.efinancialcareers.com/news/personality-finance-bank-interview

The investment banking recruitment process has a lot of emphasis on target schools, grades, and interviews. We’ve had plenty of articles about how to ace those interviews (especially the tech...

https://www.efinancialcareers.com/news/how-to-get-a-banking-job

Starting a fintech isn’t the promised land that people think it might be, but there is at least one benefit: if it’s a good fintech, Deutsche Bank might offer you, the founder, a job. Get ...

https://www.efinancialcareers.com/news/deutsche-bank-hiring-fintech

As the saying has it, the graveyards are full of indispensable men. In the case of Masanori Mochida it was almost literally true; after twenty years as president of Goldman Sachs Japan and at t...

https://www.efinancialcareers.com/news/goldman-sachs-japan

As we reported last week, Peel Hunt, the UK mid-market investment bank, is cutting jobs. Some of those compelled to leave appear to have come as a surprise internally. Get Morning Coffee  ☕�...

https://www.efinancialcareers.com/news/peel-hunt-s-job-cuts-included-an-unexpected-victim

It's not just Deutsche Bank that's been practicing the art of adding staff to grow revenues. Lazard has embarked upon a similar path. Today's Lazard results, suggest it's working there too. Ge...

https://www.efinancialcareers.com/news/lazard-s-crazy-hiring-also-seems-to-be-paying-off

For a long time, the tale of two cities in finance was either between London and New York, or between Hong Kong and Singapore. But while those debates are still raging – and probably will neve...

https://www.efinancialcareers.com/news/dubai-vs-abu-dhabi-finance-career

It’s an unfortunate secret of the trading world that accounting for profitability is rathe more of an art than a science.  Trades happen as part of portfolios, they have funding costs and coll...

https://www.efinancialcareers.com/news/morning-coffee-the-young-hedge-fund-traders-who-made-150m-in-three-months-or-not

It’s an unfortunate secret of the trading world that accounting for profitability is rathe more of an art than a science.  Trades happen as part of portfolios, they have funding costs and coll...

https://www.efinancialcareers.com/news/jane-street-traders-millennium-profits

Barclays is supposed to be cutting £0.7bn of costs from its investment bank, but it hasn't made much progress yet. Today's first quarter results show operating costs in the business were just �...

https://www.efinancialcareers.com/news/barclays-feeble-quarter-is-a-reminder-of-the-restructuring-beast-in-the-background

If you're a bank wondering whether hiring new talent is a good move in a difficult market, Deutsche Bank's first quarter results today should lay your fears to rest. After some voracious hiring,...

https://www.efinancialcareers.com/news/deutsche-bank-s-big-hiring-has-borne-fruit-but-it-still-has-1bn-of-costs-to-cut

With Vis Raghavan due to turn up at Citi in early June, there are growing suspicions that all sorts of people leaving JPMorgan are heading to Citi to join him. Get Morning Coffee  ☕ in your...

https://www.efinancialcareers.com/news/citigroup-made-another-major-jp-morgan-hire-without-anyone-noticing

Deutsche Bank has hired a new head of US credit trading to replace Dan Crowley, who left in February. Get Morning Coffee  ☕ in your inbox. Sign up here. Edward Bayliss, the head of corpo...

https://www.efinancialcareers.com/news/deutsche-bank-hired-a-new-head-of-credit-trading-from-morgan-stanley

Boutique bank Evercore might have let some of its colossal compensation reputation tank in recent years , but that doesn’t mean it’s battening down the hatches. If anything, despite some flo...

https://www.efinancialcareers.com/news/evercore-2024-hiring

Something seems to be afoot in Singapore, where multiple sources say people have been dismissed from their banking jobs after being asked to repay medical insurance claims. Get Morning Coffee ...

https://www.efinancialcareers.com/news/singapore-bank-staff-say-they-ve-been-fired-after-medical-insurance-claims

As Citi proceeds with its restructuring and 20,000 job cuts, all does not seem entirely well in the Malaga office where the US bank employs around 30 junior investment bankers who theoretically ...

https://www.efinancialcareers.com/news/citi-malaga-analysts

If you’re an employment law wonk, the big news this week is that the Federal Trade Commission has decided to ban the use of non-compete agreements. In doing so, it says it will increase worker...

https://www.efinancialcareers.com/news/non-compete-ban-banks-hedge-funds

French bank BNP Paribas paid the 877 highest earners in its corporate and investment bank a total of €1.1m ($1.2m) each last year, down from €1.2m in 2022.  Get Morning Coffee  ☕ in yo...

https://www.efinancialcareers.com/news/bnp-paribas-s-bonuses-for-its-high-earners-fell-a-mere-10-last-year

Jain Global, the hedge fund founded by Bobby Jain, the former Millennium co-chief investment officer, is still hiring ahead of its launch in July. Its latest portfolio management recruits inclu...

https://www.efinancialcareers.com/news/the-hot-new-hedge-fund-of-2024-hired-a-morgan-stanley-trader-in-frankfurt

Leaving your (sometimes) stable banking job for the world of crypto can be a massive risk. For ex-Morgan Stanley MD Kyle Downey , it looks like the risk has just paid off; the crypto firm he co-f...

https://www.efinancialcareers.com/news/a-morgan-stanley-md-who-left-in-21-just-made-money-in-crypto

One of the longest-lasting effects of the Covid pandemic – and more specifically, the subsequent lockdowns – is the emergence of hybrid working arrangements. Although these arrangements are b...

https://www.efinancialcareers.com/news/best-jobs-for-work-from-home

If there's one bank that's been consistently bullish about recruitment, it's Alantra , the mid-market Spanish investment bank that's been expanding for the past few years. More recently, however,...

https://www.efinancialcareers.com/news/bank-cuts-the-safest-jobs-in-europe-after-a-multi-year-hiring-spree

UI and UX designers and researchers have seen their stock rise in recent years, and London looks like a key source of talent. JPMorgan has been buffing its UX division in the capital, hiring al...

https://www.efinancialcareers.com/news/jp-morgan-is-hiring-fintech-and-goldman-sachs-alums-for-its-ux-team-in-london

When Barclays announced its fourth quarter results in February, it also unveiled a programme of cost-cutting.  Get Morning Coffee  ☕ in your inbox. Sign up here. Barclays' cost-cutting...

https://www.efinancialcareers.com/news/barclays-bankers-and-traders-are-living-in-fear-of-early-may

Citigroup is making some effort to get to grips with the allegedly poor culture in its equities sales and trading business. Not only has the new good guy head of the whole markets business Andr...

https://www.efinancialcareers.com/news/citi-equities-culture-ardith-lindsey

If you're looking for a new buy-side job in New York City, then 26North, the alternative asset management firm launched by Apollo co-founder Josh Harris in 2022, seems to be hiring.  Get Morni...

https://www.efinancialcareers.com/news/workaholic-ex-apollo-boss-is-doing-some-heavy-hiring-for-his-new-platform

Qube Research Technologies has been not-so-slowly and steadily bolstering its ranks. An area of note is Hong Kong, where we previously reported it hiring from Citadel Securities. It's not done...

https://www.efinancialcareers.com/news/this-quant-hedge-fund-has-a-thing-for-ex-jp-morgan-v-ps-in-hong-kong

As we reported last month, the biggest multistrategy hedge funds hired over 1,600 new investment staff last year, with some of them on immensely generous pay packages. But the deeper we get i...

https://www.efinancialcareers.com/news/the-top-tier-people-are-not-going-to-the-multistrategy-hedge-funds

Stripe has its fair share of people who would prefer to work remotely, most notably the CEO. In the world of fintech startups, however, it's a luxury not all can afford. In a recent fireside ch...

https://www.efinancialcareers.com/news/stripe-remote-work-patrick-collison

I'm a product manager . I spent the past decade pursuing a career in financial services and worked in various leading banks in London. However, I now switched into another sector and I won't be ...

https://www.efinancialcareers.com/news/product-manager-job-bank

Japanese banks are preparing to announce bonuses soon and while nothing has been announced yet, one barometer is certainly showing signs of optimism – Japanese banks are hiring. Get Morning ...

https://www.efinancialcareers.com/news/mufg-hiring-singapore-hsbc

If you work for a US investment bank , your 2023 bonus is a thing of the past. If you work for a Japanese investment bank, it is a thing of the future. Japanese bank bonus season is coming, soo...

https://www.efinancialcareers.com/news/japanese-bank-bonuses

How long before Goldman Sachs ' CEO David Solomon starts DJing again? Following the 28% increase in Goldman Sachs' Q1 profits and the resurgence of its core trading and investment banking busine...

https://www.efinancialcareers.com/news/david-solomon-goldman-sachs-back

How long before Goldman Sachs ' CEO David Solomon starts DJing again? Following the 28% increase in Goldman Sachs' Q1 profits and the resurgence of its core trading and investment banking busine...

https://www.efinancialcareers.com/news/david-solomon-goldman-sachs-parties

I read last week's article by Athena Dawson about being unfairly fired by a bank for alleged poor performance, and I'd like to clarify that this happens a lot in financial services. But there ar...

https://www.efinancialcareers.com/news/poor-performance-unfairly-fired

Demotions might not be common in the competitive and high-stakes world that is sales & trading , but there are some people that have not only been through the ordeal but survived it (as opposed t...

https://www.efinancialcareers.com/news/bank-trading-demotion

It's not easy to get one of the hyper-competitive jobs at hedge fund Citadel or electronic market making firm Citadel Securities: only 0.5% of people applying for internships are accepted. But...

https://www.efinancialcareers.com/news/citadel-securities-intern

Quantitative researchers leveraging AI are hot property in financial services, with top firms capable of forking out up to $430k for fresh graduates. There are lots of pitfalls, however, both wh...

https://www.efinancialcareers.com/news/the-24-year-old-ai-quants-on-350k-might-be-making-a-big-mistake

George Klavdianos is back. After leaving Balyasny's London office in December following reports of a $100m loss in a trading book he was leading, Klavdianos has resurfaced in a bigger fund and m...

https://www.efinancialcareers.com/news/hedge-fund-millennium-hired-balyasny-london-portfolio-manager-who-left-after-100m-loss

If you have a banking job where you can work from home two or maybe even three days a week, consider yourself fortunate. Such perks are disappearing as senior bankers flex their belief that offic...

https://www.efinancialcareers.com/news/return-to-office-bankers

Hedge fund Brevan Howard is making another round of job cuts, but some of its 1,000 employees are more susceptible to dismissal than others. Get Morning Coffee  ☕ in your inbox. Sign up he...

https://www.efinancialcareers.com/news/brevan-howard-mostly-cut-portfolio-managers-from-this-team

Tim Gately, the former head of US equities sales at Citi was let go in January . Sources say he's just got a new job, but it's not in equities. Get Morning Coffee  ☕ in your inbox. Sign up ...

https://www.efinancialcareers.com/news/tim-gately-citi-mufj

The programming language Rust has been on the verge of big breakthrough for years now and, in the world of big tech, that breakthrough might be just around the corner. Lars Bergstrom, a director...

https://www.efinancialcareers.com/news/rust-vs-c-plus-plus-financial-services-low-latency

If you're Jane Street, it makes sense to keep hiring. The trading results leaked by the electronic trading firm as it seeks to raise $1.4bn through a bond issue, reveal that it employed 2,631 pe...

https://www.efinancialcareers.com/news/jane-street-still-expanding-fast-as-the-average-employee-makes-1m-in-profit

Things are not necessarily going well at Peel Hunt, the UK banker to British mid-cap firms. Chief executive Steve Fine has been describing the market as "hollowed out" with no sign of recovery i...

https://www.efinancialcareers.com/news/peel-hunt-job-cuts

For Credit Suisse’s people who might be staring down the barrel of another round of job cuts from new owner UBS, there's an option to escape purgatory – take a step down the ladder you’ve...

https://www.efinancialcareers.com/news/demoted-from-banking-job

As the AI talent market continues to heat up, senior employees become easier to hire... but also easier to lose. Goldman Sachs has just brought in a senior AI engineer with hedge fund experience...

https://www.efinancialcareers.com/news/goldman-sachs-and-jp-morgan-are-making-senior-changes-to-their-ai-teams

UBS is making another round of job cuts, but some people there seem more at risk than others.  Get Morning Coffee  ☕ in your inbox. Sign up here. Bloomberg reported today that UBS is pr...

https://www.efinancialcareers.com/news/ubs-s-cuts-seem-to-mostly-involve-people-from-credit-suisse

It’s a shame that bankers’ gossipy nature tends to desert them when talking publicly about personnel matters, because it means that some of the most dramatic moments in the industry hardly ev...

https://www.efinancialcareers.com/news/jefferies-clawback-guaranteed-bonus

Most big US banks have now reported their results for the first quarter, and they weren't at all bad. Get Morning Coffee  ☕ in your inbox. Sign up here. If you're a candidate looking for...

https://www.efinancialcareers.com/news/banks-hiring-2024

Alphadyne Capital Management, founded by ex-Goldman Sachs partner Philippe Khuong-Huu, is known for having good culture, management, and being an all-round nice place to work . One of the execut...

https://www.efinancialcareers.com/news/cto-of-the-nicest-hedge-fund-takes-an-executive-role-at-schonfeld

If you're wondering which coding language to learn for a software engineering job in banking, Goldman Sachs' CIO Marco Argenti seems to be aligning himself to the people who suggest an advanced ...

https://www.efinancialcareers.com/news/english-as-a-coding-language-llm

Getting into an investment bank is, with a lot of understatement, pretty tough. Get Morning Coffee  ☕ in your inbox. Sign up here. More accurately, it’ll be the toughest thing you ever...

https://www.efinancialcareers.com/news/finance/how-to-get-a-job-in-banking

Getting into an investment bank is, with a lot of understatement, pretty tough. Get Morning Coffee  ☕ in your inbox. Sign up here. More accurately, it’ll be the toughest thing you ever...

https://www.efinancialcareers.com/news/how-to-get-a-job-in-banking

As fintech funding dries up and opportunities to cash out stock payments grow fewer and further between, joining a publicly traded fintech, or one on the verge of an IPO, is an even more attract...

https://www.efinancialcareers.com/news/zopa-ceo-hits-out-at-unicorn-and-ipo-obsession

US banks may be cutting investment bankers in Hong Kong, but JPMorgan needs a new technology managing director there.  Get Morning Coffee  ☕ in your inbox. Sign up here. Steve Brooks, ...

https://www.efinancialcareers.com/news/jp-morgan-has-a-big-technology-vacancy-in-hong-kong-after-an-md-left-in-january

Morgan Stanley CEO Ted Pick may be feeling bullish about investment banking revenues globally , but he doesn't seem to feel too positive about Hong Kong and China. Bloomberg is reporting this mo...

https://www.efinancialcareers.com/news/hong-kong-banking-jobs-meltdown-as-hsbc-and-morgan-stanley-cut-heads

There are various things that can make a banking job stressful. - Huge sums of money being at stake, with nobody else to blame if things go wrong.  Being dependent on key decisions which you ha...

https://www.efinancialcareers.com/news/jessica-pulay

When Lily-Rose Bury got a job on German bank Berenberg's graduate programme in London in October 2021, she said she was "delighted" and "thankful." Bury joined the bank during COVID after gradu...

https://www.efinancialcareers.com/news/banking-analyst-died-cancer

It might be a riskier time to work in fintech, but that hasn't stopped former managing directors (MDs) in banks from moving there. This week, two former JPMorgan MDs have become chief product off...

https://www.efinancialcareers.com/news/the-former-jp-morgan-m-ds-becoming-product-executives-in-fintech

Morgan Stanley's new CEO Ted Pick has a reputation for fragrant phrasing, and speaking today he used it to strong effect in the bank's investor call to accompany its first quarter results.   ...

https://www.efinancialcareers.com/news/morgan-stanley-will-be-opportunistically-hiring-bankers-as-pot-pourri-of-deals-returns

I am looking for some advice. I graduated two years ago from a top British university and I work in fixed income platform sales for a US investment bank. The job is not what I had expected. Ge...

https://www.efinancialcareers.com/news/please-help-my-junior-fixed-income-sales-job-is-incredibly-dull

As Citi extracts 20,000 jobs , people there are leaving. Some of those people are in revenue-generating sales and trading roles, even though the bank says it's mostly about extracting deadweight...

https://www.efinancialcareers.com/news/a-veteran-citi-md-in-new-york-was-rescued-by-a-japanese-bank

Bank of America’s fixed income traders were the darlings of 2023 (if you excuse a tough Q4 ), but the bank’s Q1 results suggest that they might not necessarily repeat that feat in 2024. Get...

https://www.efinancialcareers.com/news/bank-of-america-trading-revenue

Monzo co-founder Jonas Templestein unveiled his new AI startup Nustom last month, which aims to facilitate software development from people without technical backgrounds. Its founding team was ...

https://www.efinancialcareers.com/news/ex-monzo-tech-exec-joins-co-founder-s-open-ai-backed-coding-startup

It's results season for US banks and after Citi , JPMorgan and Goldman , today we have Bank of America and Morgan Stanley.  Get Morning Coffee  ☕ in your inbox. Sign up here. As the ch...

https://www.efinancialcareers.com/news/morgan-stanley-results

Tristan Knight, the global head of equities trading, prime and clearing technology, is no more. Knight left the bank this month, according to his LinkedIn profile, although sources inform us that...

https://www.efinancialcareers.com/news/the-man-who-upgraded-citi-s-equities-it-has-officially-left-the-bank

With the UK decentralizing its regulatory system, there's an opportunity for the decentralized sector of blockchain and crypto to have its new focal point. At the 2024 Innovate Finance Global Su...

https://www.efinancialcareers.com/news/vc-partner-says-uk-crypto-hiring-will-grow-blockchain-com-ceo-is-less-bullish

Goldman Sachs CEO David Solomon has always been optimistic that investment banking revenues would come back again. Solomon's past optimism was, however, based upon the premise that the energy tr...

https://www.efinancialcareers.com/news/goldman-sachs-ai-drive-dealmaking

I work for a US investment bank that says it's not making layoffs. Despite this, I have been let go. Get Morning Coffee  ☕ in your inbox. Sign up here.     The bank says it's lettin...

https://www.efinancialcareers.com/news/i-was-let-go-without-warning-and-the-bank-disguised-it-as-underperformance

At the Innovate Finance Global Summit, a panel of CEOs from some of the UKs major fintechs discussed the fintech landscape. While there was much praise for the talent market, there was also an ...

https://www.efinancialcareers.com/news/revolut-and-other-fintech-ce-os-uk-talent-has-a-productivity-problem

Graham Ambrose is a managing director in Goldman Sachs ' equity franchise sales team in London. As of today, he has also come out as a fitness influencer, although he's been building up to it for...

https://www.efinancialcareers.com/news/graham-ambrose-goldman-sachs-instagram

Fintech stalwart Robinhood is branching out beyond its US base in 2024 as it expands into the UK. At the 2024 Innovate Finance Global Summit, Robinhood UK president Jordan Sinclair has provided...

https://www.efinancialcareers.com/news/robinhood-has-filled-its-london-office-ahead-of-its-uk-launch

Following on from Citi and JPMorgan , Goldman Sachs today announced its first quarter results. They're pretty good. As the chart below shows, Goldman outperformed its rivals in M&A and equities...

https://www.efinancialcareers.com/news/goldman-sachs-results-fewer-people-higher-pay

Running a profitable fintech can be a pretty intensive job, especially in 2024. At today's 2024 Innovate Finance Global Summit, OakNorth CEO Rishi Khosla spoke about how he stays healthy and pr...

https://www.efinancialcareers.com/news/oaknorth-ceo-sleep-working-hours

Running a profitable fintech can be a pretty intensive job, especially in 2024. At today's 2024 Innovate Finance Global Summit, OakNorth CEO Rishi Khosla spoke about how he stays healthy and pr...

https://www.efinancialcareers.com/news/uk-fintech-ceo-celebrating-15-hour-days-for-employees-relishes-his-extra-sleep

The countdown is on at Citigroup. In less than two months' time, Vis Raghavan , whom JPMorgan had only recently promoted as head of its investment bank, is joining Citi as head of all banking.  ...

https://www.efinancialcareers.com/news/vis-raghavan-citi-june

Citadel Securities is known for having non-competes longer than the norm; managing director and co-head of technology Joshua Fisher has been subject to one since leaving the firm in March 2022,...

https://www.efinancialcareers.com/news/citadel-securities-technology-head-resurfaces-after-2-years-at-hft-firm

As electronic trading employers go, Jane Street is relatively chill. As we noted recently, it doesn't impose non-competes to prevent its people joining other firms when they leave. In its own wo...

https://www.efinancialcareers.com/news/jane-street-millennium

As we reiterate here often, getting a job at hedge fund Citadel or electronic market making firm Citadel Securities, is hard. Fewer than 1% of people who apply are successful. But there are way...

https://www.efinancialcareers.com/news/citadel-olympiad

What kind of person has been eliminated from Citigroup in the 7,000 net job cuts from the bank in the first quarter? 🤔  Get Morning Coffee  ☕ in your inbox. Sign up here. It seems ...

https://www.efinancialcareers.com/news/citi-s-7-000-laid-off-staff-were-paid-an-average-of-214k-each

In spite of its broader cuts, Citi has consistently been one of the biggest hirers of technologists over the past year. In its Q1 results today, however, it revealed spending on 'technology/com...

https://www.efinancialcareers.com/news/citi-tech-transformation-is-progressing-which-could-be-bad-news-for-citi-devs

The executive arm of Stripe 's UK division has been going through some big changes. At the start of the year, UK CEO Max Roberts left for tech firm IFS; now, this month, Companies House filings s...

https://www.efinancialcareers.com/news/two-of-stripe-s-uk-ct-os-leave-on-the-same-day

Citi has finished stage one of its 20,000 job cuts and it seems to have been more zealous than planned.  Get Morning Coffee  ☕ in your inbox. Sign up here. Citi CEO Jane Fraser said tod...

https://www.efinancialcareers.com/news/citi-has-cut-7-000-people-so-far-which-is-2-000-more-than-expected

JPMorgan’s Q1 results are out , and while the Corporate and Investment Bank (CIB)’s revenue figures went on a bit of a rollercoaster, one thing was more interesting than any revenue figure: t...

https://www.efinancialcareers.com/news/jpmorgan-headcount-falling

After a disappointing year for technology pay in finance in 2022, it seems that last year marked a return to form. Our salary and bonus report, based on our compensation survey which had 6,000 r...

https://www.efinancialcareers.com/news/engineer-jobs-banking-working-hours-and-pay

After a disappointing year for technology pay in finance in 2022, it seems that last year marked a return to form. Our salary and bonus report, based on our compensation survey which had 6,000 r...

https://www.efinancialcareers.com/news/2023/05/engineer-jobs-banking-working-hours-and-pay

As we reported yesterday , there are suspicions that now that Vis Raghavan and Achintya Mangla have left JPMorgan's investment banking business broadly and equity capital markets (ECM) business...

https://www.efinancialcareers.com/news/rumours-of-mass-resignations-on-jp-morgan-s-ecm-desk-may-be-premature

When ChatGPT first came out, a lot of people in the investment banking industry felt that one of the most human and relatable things about it was its tendency to make something up when it didn’...

https://www.efinancialcareers.com/news/morgan-stanley-ai

Citi presumably wanted to keep Matt Fink.  Get Morning Coffee  ☕ in your inbox. Sign up here. Fink was Citi's New York-based co-head of leveraged credit sales. Citi promoted him to that...

https://www.efinancialcareers.com/news/a-citi-md-who-was-promoted-in-december-found-a-new-job

In the world of banking, AI looks like many to be a harbinger of doom for certain jobs. Across the road, at trading firms like Ken Griffin 's Citadel Securities , the opposite is true. Costas Be...

https://www.efinancialcareers.com/news/ai-quants-citadel-securities

It's not just banks and hedge funds hiring people to work with generative AI. As part of $45bn payments fintech Adyen's US expansion, it has hired a new VP of product to work with the technology ...

https://www.efinancialcareers.com/news/generative-ai-in-fintech-adyen

Vis Raghavan may not have been the most popular person at JPMorgan, but he had his chums there. And now that he's gone to Citi , people at JPMorgan are wondering who might join him. Get Morning...

https://www.efinancialcareers.com/news/jp-morgan-bankers-are-wondering-who-else-might-follow-vis-raghavan-to-citi

Women don’t have a square deal in banking , as (hopefully) no one in the industry needs to be told. Get Morning Coffee  ☕ in your inbox. Sign up here. Women in banking do, however, hav...

https://www.efinancialcareers.com/news/working-hours-banking-women

The competition in the payments technology space is heating up. While payments teams at fintechs like Wise and Revolut are growing, banks are hiring developers with payments expertise too. Sudd...

https://www.efinancialcareers.com/news/how-to-get-a-job-in-payments-banking-fintech

So, a female banker is losing her job for having an affair with a junior colleague? It's the kind of salacious revelation that grabs attention, but men in banking have affairs with female junior...

https://www.efinancialcareers.com/news/banks-are-full-of-psychopathic-50-year-old-men-predating-upon-women-in-their-20s

Dymon Asia Capital , the Singapore-based hedge fund , was opening a new office in Mumbai last time we checked. It’s been a while, however. Dymon already has offices in Hong Kong, Shanghai, Toky...

https://www.efinancialcareers.com/news/singapore-hedge-fund-hiring-dymon

There are some things people can say which are presumably meant to sound reassuring but just aren’t. An example familiar to bankers might be “there are no planned redundancies at present” o...

https://www.efinancialcareers.com/news/analyst-jobs-investment-banking-ai

Debt Capital Markets (DCM) has seen better years. Although 2023 was a slightly better year than 2022 per Dealogic, it still was a far cry from the glory days of… Erm, 2021. On the GlobalCa...

https://www.efinancialcareers.com/news/syndicated-loans-dcm-jobs

For a moment, it seemed that Pawan Passi, Morgan Stanley's 40-year-old former head of the syndicate desk, had come unstuck after being charged by the SEC with "fraudulent conduct" relating to hi...

https://www.efinancialcareers.com/news/pawan-passi-morgan-stanley

Commodities traders may have ranked bottom for trading pay by asset class in our recent compensation survey , but this may understate the reality. As commodities trading profits boom, headhunte...

https://www.efinancialcareers.com/news/commodities-trading-jobs-pay

What’s the difference between two investment banks? Get Morning Coffee  ☕ in your inbox. Sign up here. If you ask sane people, they’ll talk about work-life balance . If you ask an in...

https://www.efinancialcareers.com/news/best-pay-investment-bank

A cluster of former Credit Suisse managing directors and directors from a risk management team have reconvened at their own consulting firm instead of joining UBS. Get Morning Coffee  ☕ in...

https://www.efinancialcareers.com/news/some-senior-credit-suisse-people-regrouped-at-their-own-london-consultancy

Google alumni have been pretty welcome on the buy-side recently. Hedge funds have been recruiting AI experts and architects , but in high frequency trading , Google's ex-software engineers may ...

https://www.efinancialcareers.com/news/hft-firm-s-shiny-london-office-tempts-away-google-engineer-of-17-years

APAC’s bankers, on paper, had a pretty flat year for bonuses, our 2024 salary and bonus report showed, but those numbers hide a story of two very different cities. Get Morning Coffee  ☕ ...

https://www.efinancialcareers.com/news/hong-kong-versus-singapore-banking-pay

Some good things are happening at Citigroup. The first phase of the 20,000 job cuts is over, the share price is primed to soar according to portfolio managers who think hitting the 11-12% return...

https://www.efinancialcareers.com/news/citigroup-discontent

Not all traders are paid the same. If you aspire to some of the highest and best paid trading jobs in banks, it's partly about the products you trade. And as our recent salary and bonus survey m...

https://www.efinancialcareers.com/news/highest-paid-traders

Forbes Magazine's annual 30 under 30 list is out, and the bulk of the finance section is devoted to fintech entrepreneurs. There are a few people from big financial institutions, however, and on...

https://www.efinancialcareers.com/news/up-and-coming-28-year-olds-jpmorgan

As we noted the other day, Citadel's intention to move to a new Miami office is now nearly two years old, but the relocation of Citadel staff is still in progress. As the firm prepares to have ...

https://www.efinancialcareers.com/news/citadel-miami-office

Citi may be cutting jobs, but as we noted yesterday , it also has a few gaps to fill in its London European government bond trading team. It's quietly hired Michele Beretta , Deutsche Bank's priz...

https://www.efinancialcareers.com/news/now-citi-hired-a-senior-rate-trader-from-morgan-stanley

Payments fintech Wise is having a good year: a 15% rise in stock prices since January marks its return to the $10bn club. In its London HQ, it has been busy hiring in technology, and non technol...

https://www.efinancialcareers.com/news/leaving-revolut-for-wise-binance-morgan-stanley

If you're considering which area of the buy-side to move into after your banking career, our 2024 salary and bonus report has some pointers.  Get Morning Coffee  ☕ in your inbox. Sign up ...

https://www.efinancialcareers.com/news/private-equity-vs-hedge-fund-jobs

JPMorgan is well known as one of the biggest employers of AI talent. In yesterday's annual letter to shareholders, JPMorgan CEO Jamie Dimon explained why.  Click here to sign up to our technol...

https://www.efinancialcareers.com/news/jpmorgan-ceo-jamie-dimon-generative-ai

HSBC is hiring new investment bankers . It wants 200 of them, and it's particularly interested in if they're specialists in technology, healthcare or climate technology investment, are based in t...

https://www.efinancialcareers.com/news/hsbc-work-from-home

I spent two decades working on the trading floor of a major US investment bank, and towards the end of that period I was a major cocaine addict. No one knew.  Get Morning Coffee  ☕ in your...

https://www.efinancialcareers.com/news/bankers-traders-cocaine

Madjid Touabi had a good run at JPMorgan, but now it's over.  Get Morning Coffee  ☕ in your inbox. Sign up here. Touabi, who had been with JPMorgan since at least 2007 according to the...

https://www.efinancialcareers.com/news/jpmorgan-madjid-touabi

If you're a European government bond (EGB) trader, and you're wondering where to apply your talents, Citi might want to hear from you. Citi has lost at least six EGB traders in the past 18 months...

https://www.efinancialcareers.com/news/citi-european-government-bond-trader

If you’re a first-year university student interested in working in financial services (in an investment bank especially), you should really have just completed a spring week. Get Morning Co...

https://www.efinancialcareers.com/news/spring-week-bank

It’s well known that no one in banking is happy with their pay , no matter how many zeroes you add to the end of their paycheck. But people at some banks were happier than others. Get Mornin...

https://www.efinancialcareers.com/news/highest-paying-banks

It’s well known that no one in banking is happy with their pay , no matter how many zeroes you add to the end of their paycheck. But people at some banks were happier than others. Get Mornin...

https://www.efinancialcareers.com/news/pay-satisfaction-banks

Is David Solomon , CEO of Goldman Sachs , paid fairly? It's a question worth asking because when Solomon's pay sparkled 24% higher to $31m following a bonus round in which other Goldman people ...

https://www.efinancialcareers.com/news/david-solomon-pay-goldman-sachs

It's often a feature of financial services careers that you encounter the same people at different employers. Matt Dratch, a macro portfolio manager at hedge fund ExodusPoint worked with Richard...

https://www.efinancialcareers.com/news/hedge-fund-manager-laments-death-of-kindest-and-gentlest-analyst-hired-14-months-ago

As Citigroup goes through the process of extracting 20,000 jobs , it's been given a steer by Boston Consulting Group (BCG), whom insiders say has spent the past six months or so examining slides ...

https://www.efinancialcareers.com/news/citi-bankers-may-be-interested-in-bcg-s-guide-to-the-best-banking-jobs-to-2027

As we explained here a few days ago, it's probably worth taking the CFA Level 1 exams if you're a student hoping to get a job in banking. But be warned, that even if you pass the notoriously di...

https://www.efinancialcareers.com/news/cfa-pass-practical-skills-modules

Getting a job at London digibank Revolut is no easy feat, but it pays to know what to expect before applying. In a recent conference, livestreamed by the fintech , a senior recruitment manager...

https://www.efinancialcareers.com/news/revolut-reveals-its-five-stage-interview-process-for-software-engineers

The advent of AI has caused a fierce debate over the future of tech jobs in finance . While most of it is around the relevance of coding as a skill, there are a lot of lingering questions over w...

https://www.efinancialcareers.com/news/best-degree-for-hedge-fund-job

If there’s one thing that finance is known for, it’s the extravagant pay packages . If there’s two things that finance is known for, it’s the pay packages – and the grueling work hours....

https://www.efinancialcareers.com/news/2021/12/banking-jobs-with-the-best-lifestyle

If there’s one thing that finance is known for, it’s the extravagant pay packages . If there’s two things that finance is known for, it’s the pay packages – and the grueling work hours....

https://www.efinancialcareers.com/news/banking-jobs-with-the-best-lifestyle

If there’s one thing that finance is known for, it’s the extravagant pay packages . If there’s two things that finance is known for, it’s the pay packages – and the grueling work hours....

https://www.efinancialcareers.com/news/finance/banking-jobs-with-the-best-lifestyle

The older you get, the more money you make. Simple, right? Eh – not really. Our 2024 financial services salary and bonus report offers an interesting insight into the way your compensation c...

https://www.efinancialcareers.com/news/banking-salary-bonus-how-old

Given that the average household income in the UK is £35k ($44k), sympathy for the families of financial services professionals struggling by on £200k is going to be thin on the ground. But acc...

https://www.efinancialcareers.com/news/london-banker-s-wife-says-her-family-income-of-200k-makes-childcare-a-struggle

Given that the average household income in the UK is £35k ($44k), sympathy for the families of financial services professionals struggling by on £200k is going to be thin on the ground. But acc...

https://www.efinancialcareers.com/news/childcare-costs-london-banker

Achintya Mangla didn't stay long in New York. After moving from London to JPM's New York headquarters to become global head of equity capital markets in September 2022, the bank today waved him ...

https://www.efinancialcareers.com/news/achintya-mangla

Achintya Mangla didn't stay long in New York. After moving from London to JPM's New York headquarters to become global head of equity capital markets in September 2022, the bank today waved him ...

https://www.efinancialcareers.com/news/jp-morgan-seems-to-have-sacked-its-ecm-head-after-moving-him-from-london-to-new-york

I worked with Gary Stevenson, the ex-Citigroup trader , YouTube anti-inequality campaigner and author who now claims he was the best trader in the world and who spends his time campaigning for a ...

https://www.efinancialcareers.com/news/gary-stevenson-citi

So, you want to work on the buy-side. Good for you. But so does everyone else. You need to differentiate yourself. Get Morning Coffee  ☕ in your inbox. Sign up here. The buy-side is a br...

https://www.efinancialcareers.com/news/2018/05/15-buy-side-interview-questions-need-know

So, you want to work on the buy-side. Good for you. But so does everyone else. You need to differentiate yourself. Get Morning Coffee  ☕ in your inbox. Sign up here. The buy-side is a br...

https://www.efinancialcareers.com/news/10-buy-side-interview-questions-need-know

If you thought men being paid more than women in banking is becoming a thing of the past, then today's revelation that the gender pay gap at Goldman Sachs has in fact expanded to its widest level...

https://www.efinancialcareers.com/news/gender-pay-gap-banking

ClearBank, a London payments fintech founded by 'the inventor of e-commerce' Nick Ogden, had a very good 2023; its recently released annual report shows that revenues at the firm almost doubled...

https://www.efinancialcareers.com/news/clearbank-pay-fintech

Citadel Securities' new credit trading business has been looking to banks first and foremost for talent. While those have mostly been sales people, its newest recruit heading up the systematic t...

https://www.efinancialcareers.com/news/jane-street-to-citadel-securities-felix-mcpeake

Both Citi and Barclays may have been seen recently trimming headcount across their investment banks, but Barclays is also hiring. Its new recruits include a Morten Eikebu, who is fresh from a 15 ...

https://www.efinancialcareers.com/news/barclays-hired-a-citi-managing-director-for-its-london-banking-team

There are a number of reasons why London bankers never got particularly excited about the post Brexit decision to remove the European regulation which capped bonuses at two times basic salary.  ...

https://www.efinancialcareers.com/news/barclays-banker-salary

There was a time when the Goldman Sachs dress code allowed for all kinds of micro and macro self-expressions. There was denim , there were colored socks , there were Yeezy trainers. Get Morning...

https://www.efinancialcareers.com/news/goldman-sachs-dress-code

Product manager Lily Joly last worked at 'Meta' when it was still just 'Facebook'. She left in 2018 and has held a number of senior product roles elsewhere, including at Stripe , but has just lef...

https://www.efinancialcareers.com/news/stripe-to-meta-fintech-product

If you're looking for a high-paying data science role in financial services , not all jobs are equal. Hedge funds and trading firms tend to be the best places to work, but is there still poten...

https://www.efinancialcareers.com/news/the-highest-paying-data-science-jobs-in-finance

If you're looking for a high-paying data science role in financial services , not all jobs are equal. Hedge funds and trading firms tend to be the best places to work, but is there still poten...

https://www.efinancialcareers.com/news/2021/02/the-highest-paying-data-science-jobs-in-finance

If you wanted to get paid as an investment banker for the past year, some sector teams seem to have been a better bet than others. New research from US recruitment firm Prospect Rock Partners su...

https://www.efinancialcareers.com/news/the-highest-paid-bankers-work-in-these-sector-teams

If you're an investment banker who's been waiting for deals and hiring to revive so that you can find a new job, your time may soon come. Figures from Dealogic indicate that the first quarter of ...

https://www.efinancialcareers.com/news/investment-banking-fees-and-jobs-may-be-reviving-but-not-everywhere

I work in tech for a major European bank. This year it made the 'best' decision for itself: to provide tech employees with a 0% raise in many countries. Click here to sign up to our technology...

https://www.efinancialcareers.com/news/tech-pay-banking-inflation-hybrid-work

Working in finance isn't just about the money. Get Morning Coffee  ☕ in your inbox. Sign up here. It mostly is, though. It's hard to convince people to sign up for the grueling working h...

https://www.efinancialcareers.com/news/best-paying-jobs-banking-finance

Bonus day is always a period of high emotions, and sometimes these come out as undignified behaviour .  Bad language, slammed doors and even smashed phones are all pretty common responses to a n...

https://www.efinancialcareers.com/news/traders-bonuses

Partners at Goldman Sachs don't always last long, but Kaushik Murali seems to have lasted a shorter time than most. Despite only having been promoted in 2020, sources say he's just resigned.  ...

https://www.efinancialcareers.com/news/goldman-sachs-head-of-macro-us-credit-and-leveraged-finance-trading-just-resigned

When Ardith Lindsey, the former Citigroup managing director, released her complaint against the bank last year, claiming that an abusive relationship with a senior colleague had left her with PT...

https://www.efinancialcareers.com/news/citi-equities-insiders-on-the-real-problem-london-management-poor-promotions

The CFA® program isn’t what it once was. But that doesn’t mean that people aren’t pursuing the CFA charter – and those people are getting younger and younger. Get Morning Coffee  ☕...

https://www.efinancialcareers.com/news/doing-cfa-level-i-student

Investment banks may be pruning and shrinking their headcount, but the biggest multistrategy hedge funds are still out there, hiring.  Get Morning Coffee  ☕ in your inbox. Sign up here. ...

https://www.efinancialcareers.com/news/biggest-multistrategy-hedge-funds

As crypto's prominence resurges and trading volumes are testing the limits of the existing infrastructure, major trading firms are continuing to hire engineers in the space. In London, one of th...

https://www.efinancialcareers.com/news/revolut-crypto-to-hedge-fund-hft

It may not be easy surviving and thriving at a hedge fund , but if you're going to leave a comparatively cosy banking job for a fund, there's one that's supposed to be nicer than others: Veritio...

https://www.efinancialcareers.com/news/ubs-s-co-head-of-global-rates-trading-went-to-the-friendliest-hedge-fund

How long does it take before driving hours into work becomes intolerable, and you return to the city for a stiflingly short commute on public transport? The Financial Times has unearthed various...

https://www.efinancialcareers.com/news/morning-coffee-the-38-year-old-banker-commuting-7-hours-a-day-for-a-better-life-citi-s-unlikely-protected-employees

How long does it take before driving hours into work becomes intolerable, and you return to the city for a stiflingly short commute on public transport? The Financial Times has unearthed various...

https://www.efinancialcareers.com/news/long-distance-commute-banking