The Review

6 essential qualities a banker needs in a spouse
by / on 30/03/2015 at 11:28 / in The Review

6 essential qualities a banker needs in a spouse

You want to work in financial services, but you also want a meaningful relationship. Maybe you even want a family. Maybe you even want a spouse who will help you with that family. Given that banking careers and relationships are notoriously antithetical, you’ll need to choose your spouse carefully. We spoke to NottingHillYummyMummy (NHYM) a banker’s spouse and blogger.This is […]

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Lazard’s London office hasn’t promoted any MDs since 2012. Here’s why
by / on 26/03/2015 at 12:51 / in The Review

Lazard’s London office hasn’t promoted any MDs since 2012. Here’s why

If you’re working for an investment bank and are unhappy with the pace at which you’re being promoted, be thankful you don’t work for Lazard in London. The UK-based business of the independent investment bank hasn’t made any promotions for three years. There is, however, a reason for this. “We haven’t made any internal promotions in London to Managing Director […]

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So you still want a guaranteed bonus to change jobs on Wall Street, or in the City of London?
by / on 25/03/2015 at 12:27 / in The Review

So you still want a guaranteed bonus to change jobs on Wall Street, or in the City of London?

Guaranteed bonuses still exist. Just look at the compensation reports of Credit Suisse or UBS: both are still paying people defined bonuses to switch employers. But guarantees are not what they were. Back in 2007, it wasn’t unheard of for banks to dangle two-year guaranteed bonuses as an incentive for people to join them. Eight years on, Jeanne Branthover, global financial […]

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Why one trader quit Citigroup to start the ‘eBay’ of bond markets
by / on 25/03/2015 at 00:51 / in The Review

Why one trader quit Citigroup to start the ‘eBay’ of bond markets

Paul Reynolds quit Citigroup in 2012 after nearly 30 years as a fixed income trader, but in contrast to the banks’ focus on elite graduates these days, he only went into finance in the first place because his studies were scuppered by ill health. Hit by ME as a teenager, he failed to get into university and his dream of […]

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Deutsche Bank now has 2,057 investment bankers earning an average of €1m
by / on 24/03/2015 at 13:26 / in The Review

Deutsche Bank now has 2,057 investment bankers earning an average of €1m

Deutsche Bank’s investment bank is now awash with ‘material-risk-takers’ (MRTs) – employees who fall under the most onerous regulatory pay restrictions – and they’re expensive. A 124% increase in regulated employees across the bank has resulted in 2,057 such individuals from its investment bank earning an average of €1m each. Deutsche Bank’s 2014 annual report reveals that there are now […]

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The 10 best banking jobs you’ve never heard of
by / on 23/03/2015 at 18:38 / in The Review

The 10 best banking jobs you’ve never heard of

‘Trading jobs’ are good if you aspire to make money. M&A jobs are good if you aspire to have no sleep. Compliance jobs are good if you aspire to become extremely stressed. But what about the banking jobs that fly beneath the radar? What about the exciting roles that you haven’t heard of – yet? If you’re looking for a […]

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The crafty yet brutal way bankers share bonus numbers
by / on 23/03/2015 at 11:05 / in The Review

The crafty yet brutal way bankers share bonus numbers

Bonus day can be very awkward. Some hit the jackpot, many are disappointed and others even get the dreaded zero-bonus, which means their time is likely numbered. But, as we’ve reported previously, it’s bad form to talk about your bonus. In fact, seniors recommend that you shouldn’t even show any emotion. However, some junior bankers have discovered a way of […]

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Top UK hedge fund also appears to have rolled out a LinkedIn ban
by / on 19/03/2015 at 12:38 / in The Review

Top UK hedge fund also appears to have rolled out a LinkedIn ban

There’s no shortage of career advice on how to present yourself on LinkedIn to potential employers. Endorsements, top skills and a general polished ‘personal brand’ are all key to attracting the attention of recruiters. But what if your current employer forbids you from selling yourself. As we’ve mentioned previously, J.P. Morgan has banned its technology team from displaying all but […]

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Carlyle’s Sarkozy Eyes European Shadow Banking Spoils
by / on 17/03/2015 at 11:05 / in The Review

Carlyle’s Sarkozy Eyes European Shadow Banking Spoils

Carlyle Group is looking to capitalize on the growth of Europe’s shadow banking system, according to the head of the U.S. private equity giant’s financial services team, which Tuesday agreed to its first deal on the continent. “What we see as being very much of a trend that we’d very much like to capitalize on is the development and growth […]

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This is the book Goldman Sachs bankers are reading to become better parents
by / on 14/03/2015 at 22:21 / in The Review

This is the book Goldman Sachs bankers are reading to become better parents

In theory, the privileged children of investment bankers and finance professionals should grow up to be successful, well-rounded, happy people. In fact, this isn’t always the case. Goldman Sachs has, bravely, decided to help its employees tackle the issue. In a tweet this week, the firm said it had brought in Dr Madeline Levine to talk to staff in its Hong Kong office […]

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