CITY MOVES | WHO’S SWITCHING JOBS June 6, 2012 Winston & Strawn Justin McClelland has joined the law firm from Milband as a partner in its global commercial litigation practice. He started his legal career at Slaughter & May, and previously served in Army Legal Services, reaching the rank of lieutenant colonel. He was appointed a Member of the British Empire (MBE) in 1998. PIMCO [...]
BEST of the BROKERS June 6, 2012 LADBROKES Panmure Gordon rates the bookie as “buy” following the company’s confirmation that its head of trading Jon Thompson has been dismissed pending appeal. Panmure said this is clearly disappointing news but “this cloud may have a silver lining” if superior traders can be recruited. LOGICA Investec recommends “hold” for the tech company’s stock and [...]
FTSE rises after Jubilee holiday June 6, 2012 UK equities posted their biggest one-day gain in six months yesterday, catching up with the rest of Europe after a four-day weekend on expectations that weak data and the deepening Eurozone crisis may galvanise global policymakers into action. The European Central Bank left rates on hold and made no clear promise of future action, but [...]
S&P 500’s best day this year June 6, 2012 US stocks jumped yesterday, giving the S&P 500 its best day since December, as talk of a rescue of Spain’s troubled banks and hopes for more monetary stimulus sparked a rebound from recent selling. After a six per cent fall by the S&P 500 in May that took the index below its key 200-day moving [...]
Trading tech skills shortages are fuelling a war for talent June 6, 2012 THE commodity trading technology sector is suffering from a chronic skills shortage. As other areas within financial services are freezing recruitment, it sits as a pertinent contrast. While increasing use of electronic trading continues to sit at the centre of strategy for most financial institutions, there is a noticeable lack of skilled talent in areas [...]
JOBS of the WEEK June 6, 2012 C++ DEVELOPER CENTRAL LONDON £120k-£144k pa An investment bank requires a developer, with extensive background in risk in financial services, to join its credit risk IT department. Knowledge of pricing derivative trades is advantageous. http://www.cityamcareers.com/job/14044 INVESTMENT MANAGER SINGAPORE £150k pa A global investment management firm is looking to add to its biomedical sciences investment team. [...]
Business schools must ready students for life after emails June 6, 2012 IN THE 1990s, when I was head of communications for WWF International, I spent most of my time touring the Mediterranean. While sounding glamorous, it was tiresome and inconvenient. Email was around, but I could only read messages when physically at my computer, meaning there were long periods when I was without access. Today, businesses [...]
European banking union isn’t the solution to immediate euro crises June 6, 2012 WHATEVER new twist the Eurozone crisis takes, the answers always seem to be another union: economic, fiscal, political, federal – you name it. The latest in this long and somewhat misguided list is a banking union. The idea is simple: a deposit guarantee scheme and a bank resolution fund would be created at the Eurozone [...]
Republicans’ Wisconsin victory threatens Obama’s November prospects June 6, 2012 CNN’s exit polls predicted a 50-50 split. But it was ultimately a Badger State blow-out. Wisconsin governor Scott Walker – the man who reined in the public sector unions, cut taxes and turned a $4bn (£2.6bn) deficit into a surplus – leaves Democrats feeling despondent and Republicans galvanised for November, following victory on Tuesday night. [...]
Aussienomics: Big cuts, no QE, booming growth June 6, 2012 BRITS jealous of Australia’s weather, sporting prowess and wine will now have to add an Australian economic miracle to their list of gripes. Welcome to the world of Aussienomics. The country’s GDP growth of 4.3 per cent in the last year has come as Australia’s government cut spending by far more than Britain’s has. Round [...]
