Around the world: Five alternatives for investment bankers in the Middle East

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What to do now if you were a victim of the M&A massacre at Nomura

There is a lot of blood on the floor at Nomura. As wepreviously reported, Nomura has let around 30% of its European investment bankers go. All but a few core sector teams (financial services, natural resources, industrial companies and private equity) have been cut back and we’re told that “around half” of Nomura’s large European TMT team of 15-20 people have been shown the door.  [UK]

China Construction Bank’s international push could usher in a new era of globalized Chinese finance professionals

China’s second largest bank, China Construction Bank (CCB), wants to acquire a European bank and this could trigger both domestic and overseas recruitment. The mainland firm could fork out as much as US$15bn on a deal and potential targets include partly-nationalized businesses such as RBS and Commerzbank. [China]

75,000 more jobs may go in investment banking over the next 5 years. This is who seems safe for the moment

After the cheerful good news stories of the past few days and the revelations of quiet hiring, today is another day of bad news. Firstly, UBS is making its inevitable redundancies. Secondly, a report has surfaced from strategy consultants Roland Berger, which says investment banks will need to get rid of another 75,000 people before 2017.  [UK]

As their local bonuses fall, Asian opportunities may open up for top-performing senior bankers in Australia

Research released by the Australian Council of Superannuation Investors (ACSI) this week showed that the annual bonuses paid to chief executives at Australia’s top-100 companies last year dropped by 20 per cent to an average of $1.25m, the lowest level since 2004. Headhunters believe this may cause firms in Asia to swoop on high-performing senior Australian professionals, including bankers.  [Hong Kong]

Investment bankers in the Middle East need alternatives. Here are five options

The small investment banking teams within international firms’ Middle Eastern operations may have escaped the sort of swathing cuts seen elsewhere in the world, but redundancies are still happening. [Middle East]

A job, outside of financial services, that will pay you a 6 figure base and a 6 figure bonus?
Last week’s article full of polls enquiring whether people in financial services jobs are happy with their careers indicated that, for the most part, they aren’t. 38% of 477 respondents said they tolerated their jobs and 29% hated their jobs. In a separate question, 37% of 343 respondents said they were fed up and wanted to do something else. news.[ South Africa]

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