Job Market Pulse: Deutsche Bank's U.S. hiring drive, SocGen in fixed income push
As expected, hiring activity has picked up in 2014, with much of the focus on the U.S. and Asia. But U.K. banks are now staffing up too. With that in mind, we’re launching a new weekly feature that catalogues all the global hiring news over the last seven days. This past week was particularly active, with several global banks announcing plans to add investment bankers and traders.
Investment banks eyeing U.K. growth
Citigroup, Credit Suisse and Nomura are selectively adding to their U.K. investment banking teams as deal activity picks up, according to Financial News. Recruiters in both New York and London have told us they are getting busy.
DB looking to grow in the U.S.
Deutsche Bank is investing in its U.S. business. The German bank just hired a co-head of fixed income trading as part of general push to add senior bankers in the states, says the Financial Times.
And in Asia...
Deutsche Bank is also "selectively" hiring senior bankers in Asia, the firm's head recruiter in APAC tells us. He also gives us his take on key Asian recruitment trends for 2014.
KKR adding headcount
Coming off a strong second-half, private equity giant KKR appears to be hiring. Operating expenses in the fourth quarter were up significantly due to headcount growth.
SocGen hiring in fixed income
With competitors fleeing fixed income, SocGen is doubling down. The French bank plans to hire as many as 150 employees within its bond trading business in the U.S. and Asia, according to the FT.
Barclays eyeing Africa
Barclays may be losing staff in the U.S. and Europe, but it may be hiring in Africa. The U.K. bank is extending its brokerage, equity trading and other services across the continent.
BMO Capital making U.S. push
Canadian investment bank BMO Capital is mixing up its U.S. investment and corporate banking. The firm has announced several hires and promotions within the last week.
FGB looking for investment bankers
First Gulf Bank plans to hire as many as 30 investment bankers within its wholesale business as the firm looks to solidify its position in the quickly-improving UAE.
Aussie bank hiring in Asia
Westpac Banking Corp. plans to add as many as 100 employees in Asia over the next three years, mostly in loan syndication.
Foreign banks hiring in India
Citibank, Standard Chartered and HSBC are looking to hire as many as 5,000 people in India in the coming year. The banks are looking for a “healthy gender mix” and candidates from top business schools, they tell the Hindustan Times.