Lunchtime Links: China Investment Corp hiring 29+ people globally
If you fancy work for a very large state run financial enterprise, then you are in luck. Reuters reports that China Investment Corp (CIC), the $200bn Chinese sovereign wealth fund, is hiring people. And it is hiring them globally (it plans to open an office in London).
Among those on its shopping list are risk managers, real estate professionals, infrastructure professionals, commodities and hedge fund investment experts, and people who know about relative return investing and strategy investing and who can research asset allocation.
Reuters hasn't got any firm numbers, but the Australian Financial Standard cites reports that it's hiring 29 people. There are obvious advantages to working for CIC (power, global dominance etc.), but the pay is not thought to be great and it has close links to the Chinese government: CIC chairman Lou Jiwei, has never been a fund manager, but spent eight years as Deputy Finance Minister.
"Wall Street seems to maybe have a shorter memory about how close we were to the abyss than I would have expected." (Bloomberg)
"Anyone who thinks that we can carry on as if nothing has happened should think again." (Financial Times)
Goldman Sachs: sorry about the financial crisis. (Clusterstock)
Goldman to repay TARP today. (CNBC)
Morgan Stanley to repay TARP today. (Guardian)
Morgan Stanley looks naked without TARP money. (Time)
Morgan Stanley revamping its prime brokerage unit. (Wall Street Journal)
Getting a foot in the door at Morgan Stanley. (MarketWatch)
Signs of hiring on Wall Street. (Wall Street Journal)
The financial services industry is hiring again. (The Deal)
M&A back to 2004 levels by 2011. (Wall Street Journal)
Macquarie deferring its new pay plan due to tax uncertainty. (Bloomberg)
When Goldman Sachs boys celebrate, my fury meter goes way up. (Huffington Post)
Wall Street's reckless millionaires get a free pass. (Daily Beast)
McDonalds being deluged with applications from 'bank workers' and teachers. (Daily Mail)
