Deutsche Bank hiring back office staff and junk bond traders; Barclays fund staffing up
In the latest hiring roundup, Deutsche Bank is adding back officer staffers in the US, investment banks are desperate for healthcare specialists and several new hedge funds have recently launched.
ConvergEx hiring in Europe
US broker ConvergEx is expanding its international footprint by hiring in Europe. It just added a new lead for its EU operations and is adding other staffers.
DB adding to back office
Deutsche Bank has promised to add 500 people to its back office operations in the US. It started the campaign by naming a new finance director from HSBC and promoting an insider to chief operating officer for regulatory initiatives.
Healthcare bankers needed
Investment banks are dying to hire one role in particular in 2015: senior healthcare M&A bankers, particularly in Europe. Too many juniors are running the show, giving way to boutiques.
New Barclays fund may be on hiring train
Squarepoint Capital, the new hedge fund being spun out from Barclays, is expected to launch during the first quarter of the year. It’s bringing over seven former Barclays traders, but has also hired at least one new outsider.
Fund execs launch new firms
Leda Braga, the world's most powerful female hedge fund manger, just launched her own fund, Systematica Investments. Brevan Howard alum David Warren just did the same, launching DW Partners in New York earlier this month.
DB hiring junk bond traders
Deutsche Bank and other firms are hiring junk bond traders, in part to refill seats that have been vacated by senior traders.
London making a comeback
While New York remains the unofficial financial capital of the world, London appears to be making a run for the title. Job vacancies at London's financial services companies increased 18% in 2014.
Old school recruiting
Japan’s Government Pension Investment Fund, the world’s largest investor of retirement savings, is planning a private seminar next month to recruit more money managers.
Teams, not individuals
Private banks in Singapore want to hire whole new teams from rivals as recruiting lone bankers becomes an increasingly unviable way to boost market share.