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Around the World: Europe’s lucrative hedge funds; Chinese careers in credit

These are the highest paying hedge funds in Europe. This is who they’re hiring

Forbes’ ranking of the 40 highest paid hedge fund managers globally is out. Six are situated in Europe: 1. Alan Howard of Brevan Howard ($400m in 2011). 2. David Harding of Winton Capital management ($150m in 2011). 3. Michael Platt of BlueCrest Capital management ($125m in 2011). [Europe]

Chinese bankers listen up: Here’s an alternative career track

China’s credit guarantee firms – which help SMEs get financing from banks – are ushering in a stage of fast growth since the credit squeeze on banks started. Last year in Shenzhen alone, these companies brought in handsome revenues of over 100 billion yuan and helped 56 firms go public. [China]

Amid the redundancy wreckage, firms focus on redeployment and retention (but find this easier said than done)

As cost constraints start to bite, financial institutions in Australia are focusing less on recruitment and more on redeployment and retention. That was the main message from the recent eFinancialCareers roundtable in Sydney, which was attended by more than 20 HR professionals from local and domestic firms. [Australia]

Of all the new firms that registered with the FSA in January, you should probably send your CV here

There’s more to employment in financial services than working for a big bank. There are: hedge funds, corporate finance boutiques and trading houses. Here, net employment appears to be increasing. According to research firm IMAS, 60 new hedge fund managers registered with the FSA in January, along with 30 new corporate finance advisors. [UK]

South Africa’s banks may have been downgraded, but they’re still performing strongly – and recruiting

The contrast, if not conflict, between rating agencies and banks in Europe and the U.S. is being "exported" to South Africa, in a development which is causing some controversy. This week Moody’s Investors Service downgraded by one notch the senior debt and deposit rating of South Africa’s top banks, the so-called "big five." [South Africa]

These are the jobs that CFA Charter holders do in Denmark, Finland, Norway and Sweden, and these are the financial services firms that employ them

Are you thinking of studying for the CFA Charter? Are you wondering whether the CFA is relevant to your profession and who might employ you when you’ve completed all three exams? The CFA Institute has all the answers. A new tool shows precisely how many people have gained the CFA Charter in each country. [Nordics]

This is where you may want to work in Bahrain

If you want to work in Bahrain, it’s worth keeping an eye out for the new venture from Talal al-Zain, the former head of Bahrain’s sovereign wealth fund, Mumtalakat. U.S.-educated al-Zain quit last week (allegedly over the lack of deal activity at Mumtalakat) and, according to Zawya, is setting up his own financial services company. [Middle East]

Do expat bankers really favor Australia over Singapore and Hong Kong?

One of the world’s biggest i-banks reckons Australia is the number one destination for expats. That’s perhaps unsurprising given the land Down Under is typically associated with friendliness, work-life balance and a healthy outdoorsy lifestyle. The HSBC Expat Explorer survey showed Australia outranked the likes of the U.S., Singapore, Hong Kong and Canada. [Australia]

These changes to the UK’s immigration rules appear to be good news if you’re a non-EU citizen who wants to work in financial services in London, as long as you actually have a job

As most non-EU financial services professionals will be aware, there have been big changes to the UK’s immigration policy in recent years. The UK government is attempting to reduce the number of migrants into the country and has made it more difficult to move to the country if you’re from outside the EU. [UK]

The Cantor case shows how Chinese firms are attracting more expat talent

Chinese banks have increasingly managed to attract non-Chinese bankers. Cantor Fitzgerald recently sued four former Hong Kong-based employees for conspiring to hurt the firm after they resigned simultaneously to join Chinese boutique bank Reorient Financial Markets. The Hong Kong High Court rejected Cantor’s claim earlier this week. [China]

Sorry, but the lifestyle you ordered is currently out of stock

The outflow of senior bankers is the first sign. Why bother hanging on in an industry where the effort to reward ratio has changed irrevocably for the worse? – Where justifying your premium over hard-working, cheaper, junior staff is a daily struggle? [UK]

Here are three financial services firms that are probably going to be hiring in Ireland – one of them (BNY Mellon) – substantially

Rumors are rattling around about some potentially massive hiring at Bank of New York Mellon in Ireland. According to the Irish Examiner, BNY Mellon may be looking at operating a central securities depository out of Ireland. And according to Bloomberg, BNY Mellon is looking for a 165,000 square foot headquarters building in Dublin. [Ireland]

AUTHORDalia Fahmy Insider Comment

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