Discover your dream Career
For Recruiters

“After 25 years in finance it was overdue time for me to give back to society”

Getting Syrian children back to school

Do you need to do penance for your time in finance by doing something categorically moral when you quit? The co-head of distribution at one large hedge fund would almost certainly say yes.

Financial News reports that Anita Nassar, Citadel’s global co-head of distribution and a ‘marketing machine’ is leaving to fund raise for a charity that helps under-privileged children, Syrian refugees included, find access to schooling in Lebanon. “After 25 years in finance it was overdue time for me to give back to society,” says Nassar. ” Every year 18,000 children remain out of primary schools and 67% of the students in secondary school are barely graduating. In addition, 502,000 Syrian refugee students need access to Lebanese schools, adding strain to Lebanon’s education system.”

Nassar aims to generate a sustainable source of donations from multinationals, corporates and banks. Teach for Lebanon aims to generate $830k in the 12 months to June 2015 and more than $1.5m the following year. This could be small change: Nassar joined Citadel in 2008 and was reportedly instrumental in increasing its assets under management from $10bn to around $26bn.

Separately, RBS is still at it. Following claims that the British government owned bank is planning to make 90% of its investment banking staff redundant, Bloomberg reports that RBS has said goodbye to another 100 people in its investment bank. They include big(ish) names, like Richard Bartlett, head of U.K. client coverage, and Eric Capp, head of loan and high-yield capital markets.

CFA Unfair (eFinancialCareers)

Meet the analyst arguing that the CFA marking scheme isn’t fair.

Thriller Financier (eFinancialCareers)

The new way to boost your finance career: write an action-adventure novel.

OK To Fail (Financial Times)  

Stop being so risk averse! Go make a few mistakes! So says Sergio Ermotti at UBS.

London Tops Ranking (Financial Times)

London, not New York, is the world’s top financial center.

McReynolds Moves On (Bloomberg)  

Chris McReynolds, the New York-based head of Barclays’ treasury trading to leave.

Goldman’s Energy Promise  (Independent) 

Goldman Sachs has pledged to source 100% of its electricity from renewable energy.

Federal Hiring (Bloomberg) 

Bank of America now hiring Federal Reserve Bank of New York for its short term rates strategy desk.

Frivolous Firing (Bloomberg)

Ex-Deutsche trader says he was fired ‘frivolously’, seeks recompense.

Save Up Young (J.P. Morgan Funds) 

Here’s how much money J.P. Morgan says you should save in your 20s.

Middle Class (The American Conservative)  

You’re not middle class unless you earn $120k a year.

Quote Of The Day

“Tuesday’s premiere was a half hour of tough-to-watch anthropomorphized drama dominated by the puppets’ troubled love lives, choked with ‘jokes’ for adults that all turned on bathing Henson’s sweet and innocent creations in the tropes of our cynical age.”

Julie Gunlock, senior fellow at the Independent Women’s Forum, doesn’t much like the new ‘The Muppets TV Show’.

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Latest Jobs
Selby Jennings
Product Manager - Salesforce Business Analyst
Selby Jennings
Dallas, United States
Larson Maddox
Law Firm Associates - Larson Maddox Pipeline
Larson Maddox
North Platte, United States
Selby Jennings
Senior Equity Stat-Arb Quant Researcher | NYC
Selby Jennings
New York, United States
Larson Maddox
Labor & Employment Counsel
Larson Maddox
Bonadelle Ranchos, United States
Selby Jennings
Senior Equity Stat-Arb Quant Researcher | NYC
Selby Jennings
New York, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.