Forget the ongoing banking redundancies: firms are also hiring. Deutsche Bank is adding equity researchers, Citi is hiring senior investment bankers in Europe and Man Group is set for a “hiring spree.”
Fund managers facing increased regulation are building bigger and more complex risk teams, often times paying experts upwards of $1,000 a day to consult. Roughly three-quarters of fund managers are likely to hire in the next three months.
Bank of America is serious about growing its mortgage business. Chief Executive Brian Moynihan suggested the bank’s mortgage share could rise above 10% as BofA continues to add loan officers and processors throughout the U.S.