JPM, UBS, RBC hiring in London; Wells Fargo eyes global asset management push
In the latest hiring roundup, big banks eye London expansion, a massive oil fund needs more senior execs and Pimco won't stop hiring in equities.
JPM building London sales team
J.P. Morgan is building a 10-person cash equity sales team in London that will concentrate solely on hedge fund clients and sovereign wealth funds.
UBS hiring grey hairs
While UBS has lost some bodies at the senior level, the Swiss bank is adding several senior coverage bankers to fill some holes. RBC has also been active in London.
Five firms growing in London
While there is no guarantee that they are hiring, these five hedge funds just launched in London over the last two months.
Wells Fargo making UK push
Wells Fargo, traditionally a US focused bank, is building its UK operation with the hope of growing its investment banking business overseas. The San Francisco bank has already made 50 hires within its London office. Wells Fargo is also going all-in with its asset management strategy, and should be hiring globally.
Norway oil fund to double number of senior execs
The central bank that manages Norway’s largest oil fund is looking to add three more chief investment officers as well as a number of other senior positions.
Big need for big data
Goldman Sachs, RBC, Barclays and several other banks are looking to add to their big data teams. Talent is scarce, though.
Cantor willing to hire in FX
Cantor Fitzgerald hired two foreign exchange sales and trading execs this week and has signaled that it’s willing and able to add more talent in the coming months.
Pimco continues equities hiring spree
Pimco just added four executives to its global equities teams - two in California and two in London. The firm will likely hire several more equities staffers in the coming months as it builds out its fixed income alternative.
Poaching war at the Big Four?
PricewaterhouseCoopers was just banned from doing some advisory work in New York. It could open up hiring possibilities for the other Big Four firms.