Private equity firm needs ‘teams’ of traders; asset management hiring heats up

In the latest hiring roundup, Blackstone needs teams of traders, Deutsche Bank is hiring debt and equities traders and Goldman remains stubbornly bullish in fixed income.

Blackstone needs teams of traders

Blackstone is moving forward with plans to launch a hedge fund that will require “several teams” of traders. The private equity firm is already in final negotiations with an initial team, which will start in the fall.

Ex-Goldmanite to launch macro fund

Former Goldman exec Steven Cho is also launching a hedge fund, set to open its doors in New York this fall. No explicit hiring plans as of yet, but he’ll likely need experienced macro traders.

Birmingham no longer playing second fiddle

Deutsche Bank is hiring more debt and equities sales executives in it Birmingham office. As many as 170 front-office bankers may occupy the office by the end of the year.

Thai money manager eyes global expansion

The biggest money manager in Thailand plans to double the size of its investment staff by 2015. The SSO, which manages roughly $34 billion, may also open new offices around the globe.

European asset management heats up

More than 80% of asset managers in Europe plan to hire people in sales and marketing over the next year, according to a new survey. Another 76% want to hire fund managers and 72% are recruiting analysts.

Goldman sticking with fixed income

Goldman Sachs was apparently serious about its claims of not cutting back in fixed income. The bank just hired two big-name executives in bond trading.

Barclays expanding in Dubai

While Barclays is slashing staff across the globe, it’s expanding its corporate bank in the UAE. The British bank’s Dubai office will add another 10% to its headcount in 2014.

Risk hiring at Wells Fargo

Wells Fargo has added 600 new members to its risk department in the last two years. The bank’s budget had increased $500 million during that same period.

DB on oil and gas push

Deutsche Bank is hiring in oil and gas. The German bank just poached a team of as many as 10 bankers from Citigroup.

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