Lunchtime Links: Daiwa wants 432 people BY MARCH; consultants are earning large packets at the Treasury
Great news. Not only is it Children in Need Day, but Daiwa Securities is hiring. Moreover, Daiwa Securities is hiring with some urgency. According to Fox News it wants 432 people to work in 'investment banking advisory, initial public offerings, fixed income sales, cash equity sales, and derivatives' within four months. Needless to say, it does not want them in London: it wants them in Asia ex-Japan.
Closer to home, the British Treasury has published some spending figures which show that it spends lots of money on consultants. In September alone, it spent 344k on consultancy services from Oliver Wyman and PricewaterhouseCoopers. It also spent 80k on a report from Loughborough University, and 69k on RBS Lodge, which turns out to be a travel card instead of a country club where members of the Treasury fraternize with Fred Goodwin over a Sunday carvery.
SocGen wants to double its corporate and investment banking revenues from Central and Eastern Europe over the next four years. (Bloomberg)
The immigration advisory committee has suggested that next year's cap on skilled non-EU workers should be set at 43,700, down from 50,000 in 2009. (Financial Times)
Russell Reynolds thinks UK asset management and private banking bonus pools could fall by up to 40%. (Russell Reynolds)
SAC Capital employs someone whose sole function is playing golf with prospective investors. (Reuters)
Australian hedge fund H3 is hiring and expanding in Europe. (FinAlternatives)
George Magan: the only investment banker on the honours list. (Number10.Gov)
The 10 most impressive new partners at Goldman Sachs. (BusinessInsider)
Layoffs at Credit Suisse? (Dealbreaker)
Michael Findlay of Merrill Lynch is resurfacing at Moelis. (Powermoves)
Now Exane's hired a top BarCap banks analyst too, probably spent 6m on the lot. (Financial News)
The sub text is: the UK economy and above all its financial sector is colossally exposed to Ireland, and as such "Ireland is too big to fail" for the UK economy. (Alpahville)
Who has the ready money available to recapitalize the International Monetary Fund, if needed? And it will be needed if Spain comes under serious pressure. China. (Baseline Scenario)
The FSA won't be imposing its own, tough, liquidity rules on UK banks after all. (WSJ)
"Most e-book buyers are males, 35 year old, with a lot of money. Basically it's investment bankers," Mr D'Hinnin said. (Financial Times)
The FT is giving all its staff 300 to cover the cost of a tablet computer for their own personal use. (Reuters)
Why I want to be a trader. (YouTube)
Google has job openings listed for 2,076 positions on its website. (Evening Standard)