Trading Places

Inside views on the jobs market

Job Bank – Dec.1

Photo

The following financial services industry appointments were announced on Dec.1, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

BARCLAYS CAPITAL

Barclays Capital, the investment banking arm of Britain’s Barclays Plc, announced the leadership team for its mergers and acquisitions business after buying Lehman Brothers’ North American investment banking unit.

 GENERAL ATLANTIC

 General Atlantic LLC, a growth equity firm, today announced that Fernando Marques Oliveira has joined the firm as a managing director and head of its Sao Paulo office and Latin American program. Oliveira has been an active investor in the private equity industry in Brazil since 1997, most recently as a director of Grupo Icatu, a family investment office, the company said.

CME

Derivatives exchange CME Group said Mark Thompson Jr. joins as director, Hedge Funds. Thompson joins CME Group from UBS Securities LLC where he most recently served as a member of the macro/cross asset sales team, CME said.

Bank crunch hits end-of-year festivities – oh, and more jobs

Ahh, just when you could use a stiff drink on the company’s tab to kill the sobering mood wrought by this year’s financial carnage, you find out you’ll be coughing up for the bill yourself at the annual holiday shindig. Such is the case for scores of London’s financial workers. As Reuters’ Olesya Dmitracova reports, employees at some of the biggest names in town – Goldman Sachs, BNP Paribas, Barclays and so on – will be on the hook for their own year-end parties. A reasonable cost-cutting measure, it seems, during these often unreasonable times. Too bad, though, for those who get stuck drinking swill should their annual bonus get slashed too.

Across the pond, some employees of failed Washington Mutual received some less digestible news on Friday. JPMorgan, which bought WaMu’s banking operations in September, announced job cuts were on the way for some at the former thrift’s Seattle headquarters and elsewhere. Though overall numbers are still not known, and most will retain their jobs, at least 1,600 back-office WaMu staff who worked in California got word they’d be out of a job by March. More concrete figures and dates for others are expected on Monday. How’s that for a start to the holiday season?

Job Bank – Nov. 28

Photo

The following financial services industry appointment was announced on Nov. 28, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

ALTIUM
The pan-European investment-banking group appointed Craig Leppard as head of Market Making team and Chloe Ponsonby to its Corporate Broking team. Leppard, who was previously with Numis Corp <NUM.L>, will join in January. Ponsonby joins Altium from Daniel Stewart & Co PLC.

Preparing for the worst while giving thanks

Photo

Turkey and the trimmings may be some workers’ only comfort this Thanksgiving. With news earlier this week that more than 225,000 jobs may be axed in New York’s already battered financial industry over the next two years, the mood of uncertainty hanging over Wall Street seems unlikely to dissipate anytime soon. Heck, it’s almost enough to make you lose your appetite.

But gloomy projections aside, there’s no shortage of ways to prepare for the worst. Online professional networks are an increasingly popular tool for job-seekers. As Reuters reporter Tarmo Virki writes, “The economic crisis slamming firms across the globe has sparked a spike in usage of professional networks . . . as people hedge against losing work and laid-off employees seek jobs.” Such sites can provide valuable networking opportunities and alert you to new job openings. LinkedIn, the industry’s leader, netted 25 percent more new users in September than expected, and has seen its membership leap to more than 31 million from 18 million at the start of the year.

Job Bank, Nov. 26

Photo

The following financial services industry appointments were announced on Nov. 26, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

FORTIS GROUP

The chief investment officer of the Indian asset management arm of Fortis Group, K.C. Reddy, has quit to join a Swiss bank.

Job Bank – Nov. 25

Photo

The following financial services industry appointments were announced on Nov. 25, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

STANDARD CHARTERED PLC

UK-based lender Standard Chartered Plc appointed Ebenezer Essoka as chief executive officer of its operations in South Africa. Cameroon-born Essoka, currently CEO of Standard Chartered’s west African business, will succeed Chris Low with immediate effect.

Job Bank – Nov. 24

The following financial services industry appointments were announced on Nov. 24, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

BNP PARIBAS

BNP Paribas Securities said it had appointed Manishi Raychaudhuri as India head of equity research. He was earlier with UBS as country strategist.

Job Bank – Nov. 21

Photo

The following financial services industry appointments were announced on Nov. 21, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

UBS AG

Ramesh Singh, the head of UBS AG’s asset-backed securities division has decided to step down, UBS CEO Jerker Johansson said in an internal memo. The asset-backed securities business at the Swiss banking giant will be reduced in scope. Replacing Singh, will be a group co-led by Bill Chandler, Jack McCleary and Jim Reichek.

Job Bank – Nov.20

Photo

The following financial services industry appointments were announced on November 20, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

LEHMAN BROTHERS HOLDINGS

Bryan Marsal will take over as Chief Executive of Lehman Brother’s Holdings, Inc at close of business December 31, 2008 according to court testimony by Harvey Miller, an attorney representing the firm. At a U.S. bankruptcy court hearing in Manhattan today, Miller said the firm’s board of directors had approved the appointment. Marsal, who is currently the chief restructuring officer of the firm, will replace Richard Fuld as company CEO.

from DealZone:

Bank dealmaking circus=recruiting bait?

Some in the financial industry apparently smell opportunity in the latest round of mergers and blood-letting among top banks.

Referring to the Wells Fargo takeover of Wachovia as the WWF and placing Bank of America CEO Ken Lewis atop a bucking Merrill Lynch bull are just a couple of the attention-getting devices financial sector recruiting firm RJ & Makay uses in its latest promotional You Tube video.

  •