Discover your dream Career
For Recruiters

The News: Barclays Adding Heads

Think no one is hiring bankers these days? Then you haven't been watching Barclays Capital.

The London-based powerhouse - never shy about talking up aggressive growth plans (for its U.S. presence in particular) either before or since the global crisis erupted - is the subject of a lengthy New York Times story replete with names and numbers. Barclays President Bob Diamond says he's "elated" by how much investment banking business he's acquired in America, and he describes the push as "a long-term investment." Meanwhile, since February the bank has added more than 450 research, equities and merger advisory professionals in Europe and Asia, and plans to add at least 300 more by year-end - including 65 senior bankers.

However, while bulking up its banking franchise, Barclays is looking to shed two other high-profile businesses: The iShares ETF unit, and Barclays Global Investors, the premier quant- and index-focuses asset management firm based in San Francisco.

The Times story notes some other pockets of hiring among investment banks. SocGen reportedly is bringing on 35 senior bankers in Europe and Russia, and Perella Weinberg Partners just hired two bankers in London.

One clear takeaway: Institutions that never tapped government aid are the place to be, or go.

In a Rarity These Days, Barclays Moves to Expand [NYTimes]

Help still wanted, global talent crunch persists [Reuters]

Tips for Over-40 Workers in Today's Job Market [ AP, via NYTimes]

Ditching the Job Fair for a Venting Opportunity [WSJ]

U.S. Weighs Single Agency to Regulate Banking Industry [ Washington Post]

Pequot to liquidate hedge funds [Bloomberg News, via LATimes]

People:

Morgan Stanley hires JPMorgan's Bond, 3 others [Reuters]

Dominique Leimer Joins Black Pearl Capital from Julius Baer as Senior Partner [Black Pearl Capital, via PRN]

The University Funds Announces New Vice President of Investor Relations [The University Funds, via PRN]

author-card-avatar
AUTHORJon Jacobs Insider Comment

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
State Street Corporation
Identity and Access Management Engineer - AVP
State Street Corporation
Quincy, United States
State Street Corporation
Senior Cyber Threat Intelligence Analyst
State Street Corporation
Quincy, United States
Experis
Admin Clerk Payroll Tax (PreFG)
Experis
Lake Mary, United States
Teller
First Horizon Bank
Asheville, United States
Experis
Sox Manager
Experis
Los Angeles, United States
Banking Center Manager
First Horizon Bank
Salisbury, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.