Late Lunchtime Links: Very high-end headhunters are having a rather good year
When we reported once in the deep past that high-end headhunters were some of the richest people in the City, the suggestion was greeted with a) rage and b) incredulity. However, we still maintain that there are some very wealthy headhunters lurking in EC2 and Canary Wharf. And this year they may be wealthier than ever.
The Financial Times cites a report from Executive Grapevine suggesting high-end headhunting fees in financial services are up 2% year on year in 2010. However, the good news only extends to headhunters operating at the very top of the market. It's less wonderful in the mid-market, where VP and mid-level staff are more prone to applying to banks directly or to sidestepping recruiters and looking for work on job boards. Fees here are apparently worse as a result.
IMF wants the UK's finanical levy increased to 6bn. (Guardian)
Why you should be working for a Chinese bank, or HSBC. (ZeroHedge)
China will be the world's largest IPO market this year. (Bloomberg)
Asia Pac M&A (ex-Japan) was up 78% last quarter. (Reuters)
Government may start sale of RBS stake in 2011, says chief executive. (Reuters)
People are leaving RBS. (Bloomberg)
New EU rules would probably have the most impact on junior employees, rather than top rainmakers who already live with big deferrals. (Financial Times)
European DCM bankers WILL be busy this summer. (Financial News)
84% of FSA staff got a bonus last year. (FTAdviser)
More than a third of the former London staff of investment bank Fox-Pitt Kelton (FPK) have quit the bank since its acquisition six months ago by Australian financial group Macquarie. (Telegraph)
This is NOT the time to be working for an energy hedge fund. (Telegraph)
Bob Wigley, green czar. (Telegraph)
Bright girls who were leaving school after A-levels to "get a tan, find a secretarial job in the City and bag themselves a rich husband." (Sunday Times)
