Lunchtime Links: This is what you'll need if you want a job at Pimco Europe

According to Bloomberg, Pimco is expanding in London. It currently has six positions advertised in the city. In September it moved an ETF manager to the UK to lead the expansion of its European ETF business. Headcount at Pimco Europe increased 17% last year and the highest paid European director earned 26m.

So what do you do if you want to work there? Demonstrate that you have common sense.

In an interview with Bloomberg Television, Bill Gross and Mohamed El-Erian said they look for people who are team players, high performers in any situations ("the best athletes") and people with common sense - possibly above intelligence.

"Common sense is a neglected ingredient," said El-Erian. "Intelligence is overvalued. We need common sense in addition to IQ. Put them together and you've got a great investor."

E-Arian also said Pimco structures people in teams comprising: an economist, a mathematician and someone with street instinct. It may be an idea to work out which you are before turning up to an interview there.

UBS spent two months looking for an alternative to Gruebel and then gave up and went with Ermotti. (BusinessWeek)

Actually, Unicredit is creating a joint venture with Kepler Capital Markets. (Financial News)

An unusually high number of partner retirements have been announced at Goldman Sachs. They include: Charlotte Ransom, co-head of the European fixed-income currency and commodities and equities structuring group; Rob Gheewalla, head of the principal debt group in Europe, Martin Devenish, head of equities in Europe and in Middle East growth markets. (DealBook)

VTB Capital wants to hire 28 people in Hong Kong within the next year or two. (Emerging MarketsMe)

Samsung Securities thinks bank runs are coming in Italy. (Pragmatic Capitalist)

Another report says Britain is a terrible place to live; Norway, the Netherlands and Germany are much nicer. (The Times)

Regulatory costs for UK banks are going to be double those for banks elsewhere. (Bloomberg)

In Asia, bankers are still feted as wonderful individuals who created a decade long credit boom. (WSJ)

Why millennial women are burning out at work by 30. (Forbes)

If you are not shopping here, you have not arrived. (Bloomberg)

John Pottage wants his 100k back. (MoneyistheWay)

Some head teachers at Academy schools are earning 240k or more. (Guardian)