Skip to main content

& Morgan Stanley reached the same conclusion about hiring. Why banker layoffs are about more than cost-cutting

 "At least seven more top Barclays bankers have resigned to join to UBS Group in the United States. They include: Laurence Braham, Richard Hardegree, Richard Casavechia, Ozzie Ramos, Jason Williams, Neil Meyer and Ken Tittle. (Reuters) 

Freya van Oorsouw, Credit Suisse's head of financial sponsors, is joining Deutsche Bank(Financial News)

BNP Paribas hired Credit Suisse's event driven team in London. (The Trade)  

Former Deutsche Bank and Morgan Stanley fixed income trader Beatriz Martin shrunk UBS's fixed income business for Sergio Ermotti in 2012. Now she's doing it again. (Reuters) 

Goldman Sachs is opening an Abu Dhabi office, which will initially focus on asset management. (Bloomberg) 

“I don’t have one friend in their 50s who has remained in their corporate jobs. These are women who have run companies, but they’re all doing other things now—sitting on boards, starting businesses and usually working from home.” (Bloomberg) 

Chris Hladczuk spent a year at Goldman Sachs and speaks of it often. "I love Goldman because it taught me how to win. It taught me to grind. And it taught me how to remain ridiculously calm during a crisis." (Business Insider)"

"The French don’t warm up to foreigners easily. It can be quite lonely. Paris is an incredible city. It’s a great place for a startup — if you’re French.” (Bloomberg) "

"Working from home encourages drug taking. Yeah, maybe my eyes are red, but no one can see that on Zoom." (Bloomberg) "

SOURCE:

https://www.efinancialcareers.com/news/2023/05/banking-jobs-paris

Comments

Popular posts from this blog

Overview of the threat to the banking industry, with examples from recent bank collapses and persistent future risks:

1. Increasing cyber-attacks targeting financial data:  Cyber-attacks like the 2017 Equifax breach (a) expose sensitive financial data, leading to significant financial and reputational damage. 2. Rising competition from fintech and non-traditional financial institutions: Companies like PayPal and Square are disrupting traditional banking by offering innovative financial services. (b) 3. Regulatory changes impacting operations and profitability: The Dodd-Frank Act imposed stricter regulations on banks, affecting their operations and profitability. (c) 4. Economic downturns affecting loan repayment and default rates: The 2008 financial crisis saw a spike in loan defaults, leading to the collapse of major banks like Lehman Brothers. 5. Interest rate volatility impacting margins: Rising interest rates in 2023 led to significant losses in banks' securities portfolios, contributing to the collapse of Silicon Valley Bank². 6. Technological disruptions in payment systems and banking te...

Man does not stand alone by A Cressy Marrison

The American scientist, A Cressy Morrison, Head of the Science Academy   in New York, says in his book "Man Does Not Stand Alone": Birds have the homing instinct. The robin that nested at your door may go south in the autumn, but will come back to his old nest the next spring. In September, flocks of many of our birds fly south,often over a thousand miles of open sea, but they do not lose their way. The homing pigeon, confused by new sounds on a long journey in a closed box, circles for a moment then heads almost unerringly for home. The bee finds its hive while the wind waving the grasses and trees blots out every visible guide to its whereabouts. This homing sense is slightly developed in man, but he supplements his meagre equipment with instruments of navigation.  We need this instinct and our brain provides the answer. The tiny insects must have microscopic eyes, how perfect we do not know, and the hawks, the eagle and the condor must have telescopic vision. Here...

Zionism and Post-Holocaust Christian Theology: A Jewish Perspective. Mark Braverman

     Introduction of Mark Braverman: Mark Braverman is a Jewish-American psychologist, theologian , and prominent voice in the interfaith justice movement for Palestine . Raised in a strong Zionist tradition , Braverman underwent a personal and moral transformation after witnessing the realities of the Israeli occupation . He is the Executive Director of Kairos USA , an organization that mobilizes American Christians to support Palestinian rights. Braverman focuses on the intersection of theology, justice, and the Israeli-Palestinian conflict. His work critiques both Jewish and Christian theological frameworks that support Zionism and calls for a prophetic response rooted in human rights and reconciliation. His major works include Fatal Embrace: Christians, Jews, and the Search for Peace in the Holy Land and numerous essays on interfaith theology and justice. Mark Braverman. Opening Note: In the wake of the Holocaust , Christian theology took a new direction — see...

Netherlands Moves to Block UN Palestine Expert, Accused of Shielding Israel from Criticism.

  The Dutch government's opposition to the renewal of Francesca Albanese's mandate as the UN Special Rapporteur on the situation of human rights in the Palestinian territories has drawn significant attention , particularly from human rights advocates and pro-Palestinian groups .  Below is a detailed overview of the situation: 1. Background on Francesca Albanese and Her Role - Francesca Albanese is an Italian international lawyer and scholar appointed as the UN Special Rapporteur for Palestine in 2022. - Her mandate involves monitoring and reporting on human rights violations in the occupied Palestinian territories ( West Bank, Gaza, East Jerusalem). - She has been vocal about Israel’s violations of international law, including settlement expansions, collective punishment, and apartheid policies. - Her reports often highlight accountability gaps and call for international action against Israeli policies . 2. Dutch Government’s Opposition - The Netherlands , unde...