After 30+ years plus in global custody and middle-office operations, it seems to me ageism is still rife in financial services. Over the years, I’ve dealt successfully with various employment agencies as an employer. However, when the boot is on the other foot and people of my age are looking for a job, it’s a different story. Positions are advertised on various job sites which I know for a fact I... Read more
By Anonymous 29 May 2008 - 22 comments
In which Mr ABS lays his woes firmly at the door of the Government. Last week RBS announced it was letting 200 people go. Unlike other banks, it seems to have held on until the liquidity crisis got really bad before making serious redundancies. Citigroup and Lehman have had no such compunction – both have announced redundancies already and are sadly set to announce more in the weeks to come. Having been... Read more
By Anonymous 15 Apr 2008 - 8 comments
An (anonymous female) contributor explains why there aren't more women in hedge funds. I don't have a finance background – I grew up in the country and started out as a trader bidding grain before moving into financial arbitrage. From there I went to Goldman Sachs and Bear Stearns as a prop trader before setting up with a colleague in 1998: it was incredibly difficult to get people to put money... Read more
By Anonymous 22 Aug 2007 - 16 comments
Children and banking careers don't mix, according to one anonymous female banker. As the mother of two children I've had two periods of maternity leave in quick succession. In some ways it must have been a logistical nightmare finding cover – I was away for six months, back at work for nine or 10, and then away again for another six. Have I been unfairly treated as a result of taking time... Read more
By Anonymous 01 May 2007 - 6 comments