Job News & Advice

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

If you’re a senior investment banker looking for a new position, the United Arab Emirates is not necessarily the best place to apply – jobs have been cut, few new opportunities are presenting themselves and the anaemic fee pool has only been edging up for the past few years. There is one advantage to making […] ...Read more

One of the UK’s richest hedge fund managers took home $33.5m in a year when profits at his firm fell by nearly 50% and investors pulled out over performance concerns. Clive Capital, the commodities-focused hedge fund run by ex-Moore Capital trader Chris Levett, posted profits of $39.6m for the year ending February 2013, compared to […] ...Read more

French banks are not known for being super-generous to their investment bankers. Yes, some senior bankers at the top of the pile are said to earn gigantic amounts, but the average Parisian investment banker is likely to be less well off than his or her counterpart at a U.S. bank in the City of London. […] ...Read more

Nomura’s bonuses have now been announced. The bank isn’t commenting on its payments, but headhunters in London say the numbers were revealed earlier this week. There has apparently been some disappointment, and it seems that some interesting changes have been made. Headhunters said Nomura has reduced its deferral period. As we suggested a few weeks […] ...Read more

Hedge funds are taking punitive measures to rein in bonus payments, tying pay to longer-term performance and behaviour. SAC Capital Advisor’s move to clawback bonus payments from portfolio managers and analysts who fall foul of securities laws is still a rarity. However, with the Alternative Investment Fund Managers Directive (AIFMD) pushing for deferrals of up […] ...Read more

On an average compensation per head basis, Goldman Sachs is the best paying investment bank globally. In 2012, it paid its average global employee $400k. However, Goldman’s generosity to its employees all around the world is nothing compared to its generosity to employees in London. Last year, the average banker at Goldman Sachs International – […] ...Read more

Nomura is one of the last investment banks to announce bonuses - Macquarie and Royal Bank of Canada Capital markets notwithstanding. After reporting strong fourth quarter results today, insiders say that Nomura is due to announce bonuses to employees in the next few weeks. This is what Nomura-bankers and Nomura-watchers need to look out for: 1. Will equity […] ...Read more

Following today’s court decision, 23 bankers who previously worked for Dresdner in London are closer to receiving bonuses of more than €500k (£422k) each. Eight of them are due to receive bonuses of  €1m or more after Commerzbank lost its attempt to appeal against a previous court decision commanding it to pay the bonuses. The full details of the […] ...Read more

Vikram Pandit is deposed and gone. Michael Corbat is Citigroup’s new Wunderkind. And Citi is paying Corbat accordingly. Yesterday, more than 90% of Citi’s shareholders voted to endorse Citi’s new executive pay proposals. These included very generous compensation and allowances for Michael Corbat, who took over as Citi chief executive in October 2012. Details of […] ...Read more