The Review

The new skills you now need to survive in private banking in Asia
by / on 10/11/2015 at 11:39 / in The Review

The new skills you now need to survive in private banking in Asia

As recently as five years ago most private bankers in Singapore and Hong Kong led a fairly comfortable existence – schmoozing clients while advising them on personal investments and family affairs. Now Asia’s millionaires and billionaires are starting to demand more sophisticated advice and the job of a relationship manager in the region is being transformed as a result. “Private […]

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The seven most annoying types of finance professionals in Singapore and Hong Kong
by / on 09/11/2015 at 12:18 / in The Review

The seven most annoying types of finance professionals in Singapore and Hong Kong

Recruiters in Hong Kong and Singapore are now busy meeting the financial professionals they hope to place into jobs when more vacancies open up next quarter. But as recruiters in the region prepare for a busy few months, they are also growing increasingly wary of job seekers they think are wasting their time. Here are the key types of candidates that […]

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Why portfolio managers in hedge funds are always well-paid
by / on 07/11/2015 at 19:37 / in The Review

Why portfolio managers in hedge funds are always well-paid

Imagine you’ve had a terrible year. Your fund is underwater, you’re lagging the competition and 2015 is turning into a year to forget. In such circumstances, any bonus payments should be minimal going on derisory, right? Well, not so if you’re a portfolio manager at a hedge fund. At medium-sized hedge funds where the average rate of return was close […]

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How to take maternity leave in investment banking, and still have something to come back to
by / on 06/11/2015 at 14:54 / in The Review

How to take maternity leave in investment banking, and still have something to come back to

Can you take serious time out of an investment banking career and still have a job at the end of it? In theory, yes – banks are compelled to offer maternity leave and most say they support sabbaticals. In reality, it’s more nuanced. Take the example of Matt Whitaker, former director of fixed income trading at RBC Capital Markets who […]

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Why it’s all downhill for traders after 30
by / on 05/11/2015 at 06:00 / in The Review

Why it’s all downhill for traders after 30

Trading is a young man’s game. At UBS, most people on the trading floor are under 30, and this is making CEO Andrea Orcel nervous. All the central figures spectacular recent scandals – rogue traders, flash crashes, Libor fixing – have been men in the comparatively early stages of their career. There’s a logic to this; while the investment banking divisions […]

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Hedge fund hitters underperform, in a big way
by / on 04/11/2015 at 11:01 / in The Review

Hedge fund hitters underperform, in a big way

For some large U.S. hedge funds, October may be replacing April as the proverbial cruelest month. Last month brought an 8.4 percent rally in the S&P, the best performance for that and other major indexes since 2011. Yet while average hedge-fund performance figures haven’t yet been tabulated, anecdotal evidence suggests that some major money managers struggled to even come close […]

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Stan Chart rolls back to 2008 as Asia bears brunt of 15,000 job cuts
by / on 04/11/2015 at 10:37 / in The Review

Stan Chart rolls back to 2008 as Asia bears brunt of 15,000 job cuts

Standard Chartered’s rapid Asian expansion over the past seven years is now suffering an ignominious reversal under plans revealed in its third quarter results today. Stan Chart, which makes most of its money and employs most of its staff in Asia, boasted a headcount of 70,000 back in 2008 and now employs some 86,000 people. Not for much longer. Under […]

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The small hedge fund quietly hiring from big banks
by / on 03/11/2015 at 12:19 / in The Review

The small hedge fund quietly hiring from big banks

Two years ago, when George Kounelakis departed Morgan Stanley to start event-driven hedge fund Ena Investment Capital, the plan was to hire more than 20 people. This appears to have stalled. For much of its existence, Ena Investment Management has had just three employees listed the Financial Conduct Authority – Kounelakis himself, Mark Field-Marsham, who worked with him previously in […]

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How to spend your bonus. Or not
by / on 02/11/2015 at 14:02 / in The Review

How to spend your bonus. Or not

The time was, before the financial crisis burst the bubble, that Aston Martin dealerships would rub their hands when bonus season approached. Or estate agents across London and New York would welcome an influx of bankers looking to buy a second home. In these straitened times, it’s a bit different. Not only have bonuses become more complex, but bankers are […]

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How to handle an interview for an ECM or DCM job
by / on 30/10/2015 at 13:45 / in The Review

How to handle an interview for an ECM or DCM job

Together with M&A, jobs in equity capital markets (ECM) and debt capital markets (DCM) are grouped together under the banner of the investment banking division (IBD). If you’re a junior preparing to attend a capital markets interview you can expect some standard questions common across IBD. You’ll also need to be ready to answer questions which are equity or debt specific. In […]

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