Latest articles
Expats bid farewell to top jobs at the big four audit firms in China
Talent localisation in China has been given a boost with the recent regulatory changes announced by the Ministry of Finance last week. By the end of this year, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers – which operate as joint ventures on the mainland – have to hand over control of their operations to their [...]
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Daily Dispatches: Suitors galore for BofA’s private banking assets; Credit Suisse loses top banker to Temasek
The Royal Bank of Canada, Credit Suisse and Julius Baer are all keen on buying Bank of America’s non-US wealth management business.(Reuters) The global head of Credit Suisse’s mergers business, Boon Sim, has left to head up the North American operations of Singapore-based investment firm Temasek Holdings. (The Wall Street Journal) The new owner of [...]
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Goldman’s global head of growth markets succinctly explains how investment bankers can ensure they’re never without work in future
Goldman Sachs has been making videos and placing them on YouTube. They don’t appear particularly popular: some only have a handful of hits. Some appear to have none at all. However, this one, featuring J. Michael Evans, its global head of ‘Growth Markets’, deserves some attention. In it, J. Michael volunteers a perspective on what [...]
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Being a boss of 2,000: Stewart Carmichael, MD and CTO, investment bank, Asia Pacific, J.P. Morgan, discusses retention, his career challenges and life as a “gypsy”
Q: Was banking what you always envisioned yourself doing? No it wasn’t, I originally joined a technology firm because I was looking to leverage on the education I had in computer science. Twenty five years ago, there wasn’t as much awareness of financial services, which is much more mainstream now. I worked for a couple [...]
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Daily Dispatches: ANZ readies for massive Chinese growth; Macquarie cuts fixed-income jobs in Singapore
ANZ will be pumping A$300m into China – growing its current six branches to 20 in the next five to 10 years. Australia’s third largest lender isn’t the only one with growth ambitions, DBS and HSBC are also looking to expand on the mainland. (Bloomberg) Macquarie Group has shed six positions in its Asia fixed-income [...]
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Ask the expert: Put your CFA questions to Neil Govier, 7City’s Singapore MD
We are speaking to financial training firm 7City’s managing director for Singapore, Neil Govier, later this month. But before we go, we’d like you to tell us your most pressing questions about the CFA, so we can ask them on your behalf. Whether this relates to the sort of career opportunities the qualification opens you up [...]
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Daily Dispatches: Boss of J.P. Morgan’s errant employee quits
There has been one resignation at JPMorgan Chase after the US$2bn trading blunder, another two are expected to follow. Ina Drew, its chief investment officer and one of the firm’s highest ranking female employees, has resigned after more than 30 years. (Daily Mail) Julius Baer is taking cost-cutting steps after its cost-income ratio rose above [...]
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Banking techies face up to the new reality of short-term “milestone” roles
“Milestones” seems to be the buzz word in finance tech recruitment these days. While budgets for IT projects were previously approved for the entire year, purse strings are increasingly being released only after certain key milestones have been completed. Although this provides firms with the flexibility to scale up or down within a quarter, the [...]
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Daily Dispatches: Frustration in the ranks at J.P. Morgan
J.P. Morgan’s trading debacle is causing employees to worry it will unfairly tarnish their reputations, while deepening concerns at rival financial firms about tougher regulations and potential rating downgrades. On Friday, J.P. Morgan sent a memo to employees with advice on how to respond to questions from clients and customers about the mess in the [...]
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Candidate Blog: Bonuses are rubbish and bankers contribute nothing to society – no wonder so many people are questioning their careers
Once upon a time, as a fresh graduate eager to make it big I remember two areas everyone wanted to get into: management consulting and investment banking. The former wasn’t for me – I knew I wanted to be a banker, with a capital B. Professional, respected, glamorous and of course well paid; it was [...]
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