Wednesday, June 17, 2009

Investment Banks that are Hiring

I wanted to post this after coming across it this morning. I've taken it from The Deal:

Usually we tell you about the layoffs in the finance industry, but it looks like large and midsize financial services institutions are hiring again. Here are the latest reports and rumors.

In the U.S.:

* Goldman Sachs Group Inc. (NYSE:GS), Barclays plc's (NYSE:BCS) Barclays Capital, Credit Suisse Group (NYSE:CS), Nomura Holdings Inc. (NYSE:NMR), Standard Chartered plc (LON:STAN), HSBC Holdings plc (NYSE:HBC), Lloyds Banking Group plc (NYSE:LYG), Royal Bank of Scotland Group plc (NYSE:RBS) and UBS (NYSE:UBS) are seeking senior staff, according to eFinancial Careers.

* Wells Fargo & Co. (NYSE:WFC), J.P. Morgan Chase & Co. (NYSE:JPM) and TIAA-Cref are hiring private bankers, credit managers, financial advisers and financial analysts on WallStJobs.com, according to The Wall Street Journal.

* Westwood Capital has added co-heads of fixed-income advisory and trading, according to PRNewswire.

* Macquarie Group is hiring new bankers in its industrial and energy practices, according to DealBook.

In Europe:

* Greenhill & Co. (NYSE:GHL) is hiring consumer and retail bankers in London as part of an expansion, according to DealBook.

* Barclays is hiring in its European and Asian share trading operation and will expand its equities trading business by 300 by year's end, according to The Guardian.

In Australia:

* Caliburn Partnership, J.P Morgan, UBS and Credit Suisse are looking to hire. Chris Knoblanche, head of global banking at Citigroup Inc. (NYSE:C) in Australia and New Zealand, told The Guardian, "We are looking to build the team. We have recently hired two new managing directors within global banking."

According to The Economic Times in India:

* Morgan Stanley is hiring "very selectively in highly-specialised fields," including securities.
* Goldman Sachs is hiring eight to 10 senior positions.
* Bank of America Corp. (NYSE:BAC) is hiring in its private client and capital market business.
* RBS is making two senior-level and a few midlevel hires in its corporate investment banking business and in treasury.
* Nomura is looking for people for its capital market division.
* Barclays Wealth wants to increase "headcount by 20% every year for the next five years."

It looks like there's some opportunity out there. Good luck!

15 comments:

stock investing said...

There're plenty of investment banks that are hiring now and Nokamura are leading the trend.
As competition decreased many banks look to take advantage of the market and get more business from IPOs and stock markets.

Anonymous said...

Yes, there are plenty that are still hiring despite the economy. Go to www.InterviewCrusher.com for free interview questions and answers for investment banking and accounting questions to make sure you get the job!

Alens said...

It is still not confirmed as to how many investment banking jobs were lost in the downturn, but there are indications that more 2000 financial positions went down all across the country. Deutsche Bank is currently hiring 35 bankers, brokers and analysts across its business after gaining profit from the market share, mainly in equity capital markets during the past few months. This in effect has played a key role in leading the recovery process.
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mutual fund online said...

Thanks for these information. Hoping you will be there with more updates.

Alex said...

Thanks for the info. I found another great website where you can find out more info on several of these investment banks

jimlosche06 said...

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Middle Market Investment Bankers said...

Investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and acting as the client's agent in the issuance of securities. Hiring was a strict no for investment banks. Thanks a lot...

cottasofia said...

Till a few months ago, hiring was a strict for investment banks. On the contrary, they were scaling back staffing plans in India given the dearth of merger and acquisition activity and stagnant capital markets.

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QUALITY STOCKS UNDER 5 DOLLARS said...

Somebody is always hiring.

ibhacker476 said...

Every investor needs to be careful before investing and try to make sure that the person you are dealing with will be honest and can be trusted.

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