The Review

How to dress for success at Goldman Sachs
by / on 14/05/2015 at 14:13 / in The Review

How to dress for success at Goldman Sachs

You work for Goldman Sachs’ deal-making team, so should you follow the example of CEO Lloyd Blankfein and grow a ‘nuzzly’ beard? How about going ‘off piste’ like president and CFO Gary Cohn, and wear an orange tie with green diagonal stripes? Is there such a thing as a Goldman Sachs uniform? Forget Ferragamo loafers – the ‘ultimate status symbol’ […]

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Why people quit finance jobs before they’re 30 – the 7 year itch
by / on 13/05/2015 at 18:32 / in The Review

Why people quit finance jobs before they’re 30 – the 7 year itch

There’s a good reason to cling to your banking job, however exhausting and excoriating, until you’re at least 32: the big money in banking comes with time. By working in the financial services industry until your early 30s, you could set yourself up for life. Why then, do so many people quit before that? “In my case, I’d been interested […]

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Top 5 Hedge Fund Earners
by / on 13/05/2015 at 00:07 / in The Review

Top 5 Hedge Fund Earners

The top 25 hedge fund managers reaped $11.62 billion in compensation in 2014, according to an annual ranking by Institutional Investor’s Alpha magazine. The pay estimates are based on the value of each manager’s stake in his firm and the fees charged. Investors in hedge funds generally pay an annual management fee of 2 percent of the total assets under […]

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Equities hiring resurgent in Hong Kong
by / on 12/05/2015 at 13:45 / in The Review

Equities hiring resurgent in Hong Kong

More equities trading jobs are opening up at global banks in Hong Kong, but only elite performers with mainland market knowledge need apply. After a slow start to the year the hiring market in equities has become more buoyant since Easter, says Sinan Atahan, Asia head of finance and trading recruitment at recruiters Spencer-Ogden in Hong Kong. “The Shanghai-Hong Stock Connect has finally taken off with the regulatory easing efforts […]

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Blackstone and KKR join race for GE unit
by / on 11/05/2015 at 14:49 / in The Review

Blackstone and KKR join race for GE unit

Blackstone, KKR, Apollo and Ares are among at least five groups expected to make an offer to acquire General Electric’s $16bn buyout-lending arm, said people familiar with the matter. The four private equity groups and SunTrust Banks are expected to make offers as early as Thursday when the first round of bids open, people close to the process said. GE’s […]

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Citigroup has poached Nomura global head of futures and options
by / on 08/05/2015 at 15:52 / in The Review

Citigroup has poached Nomura global head of futures and options

Citigroup has taken advantage of the exodus of senior traders at Nomura by hiring John Macpherson, the former global head of futures and options at the Japanese bank. Macpherson joined Citigroup in April in a similar role, according to sources close to the situation, following his departure from Nomura in February. He had been with Nomura a little over a […]

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The new springboard to a lucrative banking career in Hong Kong
by / on 05/05/2015 at 12:44 / in The Review

The new springboard to a lucrative banking career in Hong Kong

If you’re a mainland-based financial professional aspiring to work for a global bank in Hong Kong, the wealth management sector is increasingly becoming a good launch pad to make the move. Led by UBS, international private banks are trying to expand their ranks of onshore relationship managers (RMs) in China – and if you clinch one of these jobs now […]

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6 London postcodes that show you’ve made it in banking, and the bankers who live there
by / on 04/05/2015 at 13:22 / in The Review

6 London postcodes that show you’ve made it in banking, and the bankers who live there

If you’re a banker and you live in London you probably don’t want to live in Lewisham, Edmonton, Enfield or anywhere much beyond zone two unless it’s Richmond (zone 4) or Chiswick (zone 3). So, where should you reside when you’re not in the office? Which London postcodes say you’ve arrived as an investment banker in the City? If you […]

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How private equity firms are poaching from banks in China
by / on 30/04/2015 at 15:09 / in The Review

How private equity firms are poaching from banks in China

Private equity firms are poaching young analysts from investment banks the world over, but if you want a job in China, the key is experience. Private equity is not a training school for investment bankers wanting out of the sell-side, but it is increasingly attractive for bankers in Asia. “People are moving out of foreign banks to local private equity […]

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So you think you can get out of finance? An anthropologist says no
by / on 29/04/2015 at 14:06 / in The Review

So you think you can get out of finance? An anthropologist says no

If anyone outside banking knows about the banking mindset, it’s Joris Luyendijk. Between 2011 and 2013, the Dutch author and journalist spent two years interviewing ‘banking insiders’ for an anthropological blog on banking culture for the Guardian newspaper. Today, fresh from writing a book on that period, his observations are as pertinent as ever. “Working in banking is about submission,” says Luyendijk. “Front office […]

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