Very Late Lunchtime Links: A plethora of investment banking jobs comes to Africa
As we regularly record on our South African site, there's a lot of hiring happening there. Carlyle, Rennaissance Capital and Barclays are among those hiring there. And now BNP Paribas is hiring there too.
According to Bloomberg, BNP Paribas is opening an office in Nigeria and building up in South Africa. Now may be a very good moment to gain sub-Saharan experience.
JPMorgan's paying so much to win IPOs, it's a credit risk. (Bloomberg)
Citigroup has hired UBS's co-head of M&A and a former senior partner at law firm Clifford Chance. (Bloomberg)
BBVA wants to move 50 fixed income bankers to London. (Bloomberg)
BarCap's hired a (US) transportation banker from Morgan Stanley. (Bloomberg)
Man Group's flagship fund has lost $2bn in the past month. (Bloomberg)
Man Group, the world's largest listed hedge fund manager, has seen the first quarterly net inflow of funds for two years. (Evening Standard)
Ken Costa, 62, is quitting Lazard for reasons unknown. (Evening Standard)
Mr. Costa is looking for new opportunities but does not yet have a position lined up yet. (DealBook)
Barclays Capital has cut estimates for Goldman and Morgan Stanley and says first quarter results may cause full year expectations to be reset. (Wall Street Journal)
Oswald Grubel says UBS has 7,000 people working in London and that their jobs
depend upon regulation. (The Australian)
The EBA (European Banking Authority) is checking the FSA has imposed its bonus rules correctly. (L'Agefi)
The bail-outs of Lloyds Banking Group and Royal Bank of Scotland are just 1.6bn in the red. Once fees received from bankers for state insurance schemes, such as the Asset Protection Scheme, are netted off, the taxpayer is looking at a 3.4bn profit. (Telegraph)
"Banks need to go beyond MBAs and quants and maybe hire biologists or pilots - anyone who sees the world differently." (Finance Asia)
Goldman bankers are cocky and sharp, mouthy and blatantly out for themselves in ways that clients must tolerate rather than appreciate. (Evening Standard)
