The Review

How COO became the best job in banks’ markets businesses
by / on 17/11/2017 at 11:00 / in The Review

How COO became the best job in banks’ markets businesses

If you wanted the top job in an investment bank’s markets business in the past, you worked your way up in either sales or in trading. Nowadays, you might want to take the operational route instead. As banks shake up their sales and trading businesses to take account of MiFID II and other regulatory initiatives, chief operating officers (COOs) of […]

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Goldman Sachs has created an elite tech team to tackle AI, big projects
by / on 16/11/2017 at 23:13 / in The Review

Goldman Sachs has created an elite tech team to tackle AI, big projects

Technology is central to Goldman Sachs’ business, particularly now that former chief information officer Marty Chavez has moved across to the CFO job, and it’s just created a crack-team to work on big strategic projects that will stretch across the organisation. The newly-created research and development team, headed by Neema Raphael, who joined Goldman Sachs as an analyst in 2003 and was promoted to MD […]

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Meet six Hong Kong bankers shaking up Asia’s hottest sector
by / on 16/11/2017 at 13:00 / in The Review

Meet six Hong Kong bankers shaking up Asia’s hottest sector

Senior technology media and telecoms (TMT) bankers are in high demand in Hong Kong this year (both banks and technology companies are hiring them), even as MDs and directors covering other industries have been cut back. Technology led all Asia Pacific (ex-Japan) sectors in IPO volume during the first nine months of 2017, raising $8.8bn via 136 deals, according to Dealogic. […]

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Inside the new hottest investment banking jobs in the U.S.
by / on 15/11/2017 at 19:00 / in The Review

Inside the new hottest investment banking jobs in the U.S.

Bulge bracket investment banks are ramping up in unlikely destinations across the U.S. Away from their traditional Wall Street homes, deal-makers are moving to the likes of Atlanta, Dallas, Seattle and Toronto to capitalise on a growing revenue stream of middle market business. To varying degrees, Wells Fargo Securities, Citigroup, Morgan Stanley, J.P. Morgan and Bank of America Merrill Lynch are all […]

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I’m still a finance student, but I’ve launched a Hong Kong blockchain start-up
by / on 15/11/2017 at 12:30 / in The Review

I’m still a finance student, but I’ve launched a Hong Kong blockchain start-up

Most fintech entrepreneurs decide to go it alone only after clocking up several years in big banks; Hung Lok Bun chose a more rapid path. He’s launched a blockchain company, learned from his initial mistakes, and refocused his firm into a new field…and he’s done all that while still a student. Hung, who’s in his final year of an undergraduate […]

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Bank of America and Goldman Sachs are now chasing the same bankers
by / on 15/11/2017 at 11:45 / in The Review

Bank of America and Goldman Sachs are now chasing the same bankers

If you live in the UK, you may be familiar with the phrase, “a local shop for local people,” from the surreal BBC comedy series, The League of Gentleman. If you live in the U.S., you may want to familiarize themselves with the phrase (if not the program): it’s the latest big idea, applied in an investment banking context. Following […]

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The toughest place to be a hot young thing in finance. Marty Chavez tackles banker bashing
by / on 15/11/2017 at 00:30 / in The Review

The toughest place to be a hot young thing in finance. Marty Chavez tackles banker bashing

Every year, Forbes produces its 30 under 30 list for the financial sector, and has high-achieving, competitive 20-somethings across Wall Street and the City grinding their teeth with envy. 2015 was the year fintech broke, so the 2016 ranking was dominated by people who had unleashed a hot new start-up backed by hundreds of millions in venture capital backing. There’s […]

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The 10 most impressive new managing directors at Goldman Sachs
by / on 14/11/2017 at 19:00 / in The Review

The 10 most impressive new managing directors at Goldman Sachs

Last week. Goldman Sachs promoted its largest ever number of managing directors: 509 people were elevated to the level below partner. All of them are special, but some – by virtue of the speed of their promotion and the business areas they work in – seem a little more special than others. We’ve suggested 10 of the most interesting and impressive […]

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10 things to know about global banks’ new Asian hiring spree
by / on 14/11/2017 at 10:00 / in The Review

10 things to know about global banks’ new Asian hiring spree

Global banks will step up their hiring in China following Beijing’s landmark decision last week to allow them majority stakes in joint ventures with mainland securities companies. But don’t expect the new jobs to be advertised any time soon, say recruiters. Western banks have long complained that current laws, which limit them to owning 49% of their JVs, thwart their […]

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Expansionary hedge fund pinches ex-BAML trader en route to Deutsche Bank
by / on 13/11/2017 at 19:30 / in The Review

Expansionary hedge fund pinches ex-BAML trader en route to Deutsche Bank

Hedge fund hiring is alive and well. Just ask Cross Ocean Partners, a U.S. credit hedge fund which is busily building its London presence, and diverting traders hopping between banks into its West London office. Cross Ocean’s latest hire is Gary Erskine, a former director in global loans and special situations at Bank of America Merrill Lynch. Headhunters say Erskine […]

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