eFinancialCareers

Fancy escaping the City? Now might be the time to metamorphose into a private banker. Despite the gloom, millionaire households are increasing exponentially in the UK, and they’re not restricted to Chelsea and Fulham. The growing affluence of cities like Birmingham, Bristol, Manchester, Leeds and Newcastle has prompted private banks to open more regional offices, says Somerled Macdonald, a partner at executive search firm Redgrave Partners. Goldman, Kleinwort Benson, Coutts,... Read more

Spending on compliance is supposed to double by 2010. Does this mean banks are indulging in a frenzy of compliance hiring? Sadly not. Instead, it seems the emphasis is on either shifting people into compliance from other roles internally, or trying to make do until times improve. “The volume of roles is very similar to 2007 levels, however certain investment banks are offering roles to internal candidates more... Read more

Junior quants all want to work in credit derivatives, and it's pushing down their pay. According to a salary survey from recruitment firm Napier Scott, a credit derivatives quant at managing director level in a tier-one bank can now expect to take home a salary of around £140k plus a bonus of £865k. An equity derivatives quant at the same level will pocket a similar basic, but a more diminutive £840k bonus. However,... Read more

Markets may be sliding but for now at least, M&A and corporate finance salaries could still be rising. Recruiter Robert Walters says corporate finance salaries are up 40% year on year, with senior positions in the sector reputedly now commanding basic pay of £200k. And the outlook looks promising – Robert Walters says one US bank is looking to double its corporate finance headcount in London this year. The company also says... Read more