The Review

A tough message for young bankers: You’re just cannon fodder
by / on 25/09/2017 at 15:00 / in The Review

A tough message for young bankers: You’re just cannon fodder

If you’ve left university and achieved a job at a top investment bank, you obviously know how to jump through hoops. You clearly got some good grades, went to some kind of big university, did all the right things. You probably feel like you’re special. But what if you’re not? What if you’re just an over-confident Millennial who’s passing through? I don’t want […]

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How to quit your banking job in Asia without losing face
by / on 25/09/2017 at 10:30 / in The Review

How to quit your banking job in Asia without losing face

Job hopping is still rife in Singapore and Hong Kong banking, but it pays to quit your role in the right way. The cities’ financial sectors aren’t large enough to guarantee that you won’t be working alongside your colleagues – or even your boss – in the future. “Always assume, especially in Asia, that one day you will again meet the […]

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Citi analyst confirms the best route into private equity in 2017
by / on 24/09/2017 at 06:00 / in The Review

Citi analyst confirms the best route into private equity in 2017

If you’re looking for a path into a London private equity job in 2017, there is one track that has been very well beaten: the heavily-stomped route into the private equity arms of Canadian pension funds. Based upon our own observations, three large Canadian pension funds (the Canadian Pension Plan, PSP Investments – the private debt fund of Canada’s Public […]

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Senior investment banker quits for corporate development role at Blackberry
by / on 14/09/2017 at 12:00 / in The Review

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 chests in case an ‘urgent’ email should arrive from an MD at 3am. Deutsche Bank’s decision to ditch Blackberry devices for its staff signals the end of an era. Blackberry no […]

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Young British banker? You’re gonna have to up your game
by / on 14/09/2017 at 11:30 / in The Review

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 opportunities; or maybe a teacher – except there were better candidates than he; so he settled on the City. Despite knowing nothing about finance and attending […]

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Never quit banking without first doing this. Morgan Stanley gets hip
by / on 14/09/2017 at 10:30 / in The Review

Never quit banking without first doing this. Morgan Stanley gets hip

It’s possible that people have got banking careers all wrong. That instead of being about getting trained at a prestigious and highly-remunerative name whilst earning CV points, they’re actually about meeting people. – Meeting people and getting the sort of pedigree that will later allow you to borrow huge sums of money from them and the institution. This has been […]

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Eight deadly sins to avoid when creating a banking cover letter
by / on 13/09/2017 at 10:41 / in The Review

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 the first two. When it comes to cover letters, there are catastrophic errors, like the student who spent his few paragraphs quantifying his ability to […]

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“Chinese banks dominate Hong Kong hiring. There’s no debate now”
by / on 11/09/2017 at 15:00 / in The Review

“Chinese banks dominate Hong Kong hiring. There’s no debate now”

I’ve been headhunting in Hong Kong banking for about 15 years having moved here from the UK. Aside from the immediate aftermath of the financial crisis, I haven’t come across a time where the big global banks were adding new headcount more slowly than they are today.   Yes, there is some hiring of Chinese coverage bankers, but much of it is to replace people who have left for the corporate […]

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Why senior bankers won’t help you out. How to change their minds
by / on 11/09/2017 at 12:30 / in The Review

Why senior bankers won’t help you out. How to change their minds

If you’re a student or junior banker who’s trying to make it on Wall Street, you need a mentor. Believe me: in my 17 years on Wall Street, I’ve come to truly appreciate what a powerful tool a mentor can be. A less experienced banker stands to gain a lot from absorbing the wisdom of a Wall Street veteran. I […]

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J.P. Morgan has made another big hire for its $20 trillion custody business
by / on 11/09/2017 at 12:15 / in The Review

J.P. Morgan has made another big hire for its $20 trillion custody business

Compared to other parts of its corporate and investment bank, J.P. Morgan’s global custody business doesn’t get a lot of attention. It’s huge – with $20 trillion in assets under custody – is growing and has been making some major hires. The latest senior recruit is Richard Gordon, who joined in a newly created role of global head of custody […]

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