The Review

Cantor Fitzgerald quietly shed 24% of its staff in London
by / on 06/09/2017 at 10:00 / in The Review

Cantor Fitzgerald quietly shed 24% of its staff in London

If you’re casting around looking for a horror story concerning what might happen to equities jobs after MiFID II or what becomes of employees in a merger or a simple case of extreme cost cutting, you could always look at Cantor Fitzgerald in London. Without anyone really noticing, it seems to have lost a large chunk of its registered staff. […]

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Morgan Stanley’s ex-head of France fixed income has joined a small asset manager
by / on 05/09/2017 at 11:45 / in The Review

Morgan Stanley’s ex-head of France fixed income has joined a small asset manager

The former head of fixed income for France at Morgan Stanley, who has been working as an advisor at Natixis as well as running his own cycling start-up for a year, has just re-emerged at a small asset manager. Sebastien Kessas, who worked for 20 years in investment banking across London and France – largely at Morgan Stanley – has […]

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Why portfolio traders are next in line for the chop
by / on 03/09/2017 at 23:30 / in The Review

Why portfolio traders are next in line for the chop

You wouldn’t want to be a portfolio trader now. So far, the portfolio traders (also known as program traders) who trade whole baskets of stocks have emerged unscathed from changes to market structure, but their days are surely numbered. In the decade that I’ve worked in electronic trading, I’ve seen equities sales and trading teams change beyond all recognition as electronic […]

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Berenberg has nabbed this top financials analyst from Goldman Sachs
by / on 03/09/2017 at 02:00 / in The Review

Berenberg has nabbed this top financials analyst from Goldman Sachs

Berenberg is busy hiring analysts from larger investment banks, taking advantage of their retreat from equity research as MiFID II looms. Its most recent recruit is Chris Turner, Goldman Sachs’ lead analyst for asset management and exchanges. Sources say Turner, an executive director in equity research at Goldman who built out the coverage of its diversified financial stocks – mainly […]

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Canary Wharf bar said to eject badly behaving interns as offers thin on the ground
by / on 01/09/2017 at 16:00 / in The Review

Canary Wharf bar said to eject badly behaving interns as offers thin on the ground

Boutique firms excepted, summer internships in the City of London are now over. Some interns got offers; some didn’t. Some interns have already gone on holiday to erase the stain of 80 hour weeks; others are hanging around trying to secure full time offers if they haven’t got one already, or to upgrade the ones they’ve got. Now that the […]

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Seven things to do now to get a new job on Wall Street in 2018
by / on 31/08/2017 at 11:15 / in The Review

Seven things to do now to get a new job on Wall Street in 2018

Are you planning to pursue a different job on Wall Street next year? Even if you plan to stick around at your current firm until you get your 2017 bonus next year, it’s best to get an early jump on preparing forca job search, which starts long before you send that first resume out. Step up your performance Late summer through […]

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Banks inch towards Big Brother. The Goldman Sachs odd couple
by / on 30/08/2017 at 13:00 / in The Review

Banks inch towards Big Brother. The Goldman Sachs odd couple

Call it efficiency, cost-cutting or a gradual shift towards the nanny state in investment banks, but more institutions are using devices to keep tabs on their employees. Matthew Westerman, the head of HSBC’s global banking division reportedly introduced a system last year that tracks how its bankers use their time and how many deals they bring in. Barclays has installed heat […]

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Right now, human traders have the edge over quants and algos
by / on 30/08/2017 at 09:00 / in The Review

Right now, human traders have the edge over quants and algos

It’s not easy being a trader in this day and age. Old-school trading pits have been cleared out. Electronic trading platforms powered by various types of artificial intelligence, including machine learning and artificial neural networks (ANN, also known as connectionist systems) are in ascendance, causing both buy-side and sell-side firms to employ fewer human traders. It’s stressful for traders when […]

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We’ve launched fintech firms in SG and HK. Here are 10 ways to get a job with us
by / on 29/08/2017 at 10:30 / in The Review

We’ve launched fintech firms in SG and HK. Here are 10 ways to get a job with us

Fintech CEOs are hiring in both Hong Kong and Singapore. But they are particular about the people they take on – new recruits can help make or break their fledgling businesses. Moreover, they need employees who will stick with their start-ups through tough times and are willing to take a pay cut, at least in the short term, to come […]

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With this attitude, your banking career will go far
by / on 28/08/2017 at 23:00 / in The Review

With this attitude, your banking career will go far

If you’re working hard in finance, maybe you feel a bit sorry for yourself? Maybe you feel like those 55-80 hour weeks aren’t worth the money? That you’d have been better off in fintech or consulting? Maybe you think…you’re a slave? Stop this now. You will get nowhere in finance laden with negativity. Finance isn’t for weaklings. The environment is tough, […]

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