Lunchtime Links: Is a weekend job in a garden centre the only option if you leave financial services?
There have been several stories about former financial services professionals who have gone on to do other things, but none so worrying as that concerning Jason Geddis, a former VP and metals trader at Dresdner Kleinwort, who has been banned from working in the financial services industry by the FSA.
Unable to do anything financial, the FT says Geddis has been reduced to, 'working weekends at a garden centre.'
Geddis is asking for his ban to be revoked in order that he may escape the power tools aisle. He could, however, follow the example set by Peter Muller, the head of Morgan Stanley's Process Driven Trading Group, who doubles as a busker and has written a song titled, "I wish I Had a Madman" (about a Spanish conquistador).
Man Group has refined its compensation scheme so that employees will be able to receive options worth up to 200-500% of their base salaries. Previously they could get 200% of their total compensation. (Wall Street Journal)
Private bankers are being hired in the Middle East. (Bloomberg)
Yoël Zaoui, new co-head of global M&A at Goldman Sachs, says: "We want to be leaders in emerging countries and high potential markets." (Agefi)
Maybe you should be a graduate trainee at HSBC. (Financial Times)
Fuld is looking to jump start the consulting business he started after Lehman's bankruptcy three years ago by pitching himself as a financial handy man. (Gawker)
Want to make more money than a banker? Become a farmer. (Time)
Iceland has limited bonuses to 25% of pay and says they must be deferred over three years. (Bloomberg)
Fatty foods are like marijuana. (Gawker)
Effusive Credit Suisse banker pens parting email. (Dealbreaker)