Latest articles
News & AnalysisWhen bankers get Godly: the spiritual side of finance
Investment bankers and God don’t have a great history. Lloyd Blankfein was much maligned after famously claiming to be doing God’s work in a Sunday Times article of 2009. The Bible famously says rich men have as much chance of getting to heaven as camels have of squeezing through the eyes of needles. And more […]
...Read more
It’s still tough for autistic people to break into finance
Quantitative hedge funds, derivatives desks and the programming teams of investment banks have supposedly long provided happy homes to people with autism, which are able to put their systematic mindsets to good use. However, the announcement from SAP that it intends to hire 640 people with autism to programme and test its products highlights an […]
...Read more
Meet the ex-head of UBS credit trading prowling for the next Tumblr
Until March 2013, Damien Regent was a fairly typical investment banker. Up at dawn, he worked 12 hour days as UBS’s co-head of financial credit trading in London. Two months ago, all that changed. Unleashed from UBS following the bank’s decision to pull back from fixed income, Regent has reinvented himself as an angel investor. […]
...Read more
Stressed out bankers are underpaid and overworked
Shrinking pay packets are the primary sources of stress in the banking sector as financial professionals face longer hours and unachievable deadlines without the prospect of a big bonus at the end of it all. An average of 68% of the 3,400 banking professionals in the UK, US, Middle East, France and Germany responding to […]
...Read more
Careers advice from Aberdeen’s Martin Gilbert
Martin Gilbert, CEO of Aberdeen Asset Management, has been at the helm for 27 years, so the question of his retirement is one he’s often asked. Until recently, his response was to say that he’d step down when Alex Ferguson leaves Manchester United, but he’s been quick to back-track. “It was a terrible blunder to […]
...Read more
Ex-Merrill Lynch big hitter Crocker leaves Abu Dhabi Islamic Bank
Stuart Crocker, global head of private banking and wealth management at Abu Dhabi Islamic Bank and Merrill Lynch veteran, has left the bank, according to sources close to the situation. In the battle for the vast, and growing, pool of Middle Eastern wealth, regional private banks were supposed to be making a challenge to the […]
...Read more
Equities upset at Nomura as laid off banker gets miraculously rehired
Nomura’s equities business has not been a happy place to be. As we were first to report in March, the Japanese bank cut around 20 senior equity research staff shortly before bonuses were due to be paid. Now, it seems one of them has been reinstated. Headhunters said Nick Coulter, a food retail analyst, who […]
...Read more
Twenty two people who can get you a job in banking
If you want a job in banking, you will need to network. A failure to properly engage and to direct applications to named individuals is one reason why your attempts to land a job in banking may fail. With this in mind, we’ve provided a non-comprehensive, non-alphabetical, sort of off-the-cuff list of some of the […]
...Read more
CFA Institute’s six steps to fix the global financial system
How do you even begin to fix a financial crisis that cost at least US$12 trillion and wiped out 20 million jobs? This is the task that the Chartered Financial Analyst (CFA) Institute has taken on, unveiling a a six-step solution drawn up by an advisory committee under the the leadership of Professor John Kay, visiting Professor of […]
...Read more
FCA chief: The EU bonus cap is not a good idea. The rise of the ethical banker
The EU bonus cap will do little to rein in pay or reduce the poor behaviour of investment bankers believes Martin Wheatley, the chief executive of the newly created Financial Conduct Authority. Speaking at the London Business School Global Leadership Summit in the City today, Wheatley said that capping banker bonuses to 100% of salary […]
...Read more