Sarah Butcher

Global Editor at eFinancialCareers

Banking and finance news and extemporisation. Tips received at [email protected]

Articles

Morning Coffee: JPMorgan's new deal for its wayward 22-year-old bankers. Citi has ways of making you resign quickly

3 weeks ago | efinancialcareers.com | Sarah Butcher

Financial by 1 minute ago 5 minute readFinancialIf you're an incoming analyst to JPMorgan's investment banking business and you've already secured an offer to join a private equity firm, then be gone with you: JPMorgan does not want to know. Jamie Dimon already expressed his disapproval of junior bankers who arrive with private equity offers last year.
Rothschild quietly shunted its global heads of ECM into different jobs

3 weeks ago | efinancialcareers.com | Sarah Butcher

It's not a great year for equity capital markets (ECM) bankers anywhere, but one bank at least seems to have decided that it might be a bit better if it had different bankers in charge. Rothschild has quietly moved its existing global heads of ECM into the long grass of vice chairmanship and appointed some new ones instead. Get Morning Coffee ☕ in your inbox. Sign up here.
The PhD theses that will get you a $6k a week internship at Citadel Securities

3 weeks ago | efinancialcareers.com | Sarah Butcher

A PhD is not obligatory for an entry-level job at Citadel Securities. But the electronic trading firm routinely hires PhDs, particularly into its quant researcher roles. And when it does, it has a preference for a particular range of subject areas. Get Morning Coffee ☕ in your inbox. Sign up here. As befits a quantitative trading firm, Citadel Securities says it likes its PhD hires to be specialists in areas of mathematics, statistics, physics, computer science or other "highly quantitative" fields.
The PhD theses that will get you a $6k a week internship at Citadel Securities

3 weeks ago | efinancialcareers.co.uk | Sarah Butcher

A PhD is not obligatory for an entry-level job at Citadel Securities. But the electronic trading firm is not averse to hiring PhDs, particularly into its quant researcher roles. And when it does, it has a preference for a particular range of subject areas. Get Morning Coffee ☕ in your inbox. Sign up here.
Citi needs new DCM bankers after Goldman Sachs’ curious hire

3 weeks ago | efinancialcareers.com | Sarah Butcher

How much did Goldman Sachs spend to hire Tommaso Ponselé, Citi’s short-lived head of corporate debt capital markets (DCM)? No one knows exactly, but the suspicion is that Ponselé might have been a cost-effective plug to fill the hole in Goldman’s corporate DCM team. “Goldman are restaffing at lower cost,” observes one headhunter. Get Morning Coffee ☕ in your inbox. Sign up here. Citi may now need to do the same thing.
JPMorgan's Marianne Lake: an unconventional person in finance

3 weeks ago | efinancialcareers.co.uk | Sarah Butcher |Zeno Toulon |Marissa Miller

Who is the most interesting person you know in finance? It’s almost definitely not a colleague, but possibly your boss. Or your boss’ boss. If you’re at JPMorgan, however, we think it’s your boss’ boss’ boss: Marianne Lake. Who is your Ideal Employer in finance? 💥 Answer our survey for a chance to win $1kJamie Dimon’s successor as CEO of JPMorgan has been long debated. Some have come and gone: COO Jennifer Piepszak, for one.
Ex-Goldman Sachs & Morgan Stanley bankers escape Italian bank that offered brief shelter

3 weeks ago | efinancialcareers.dk | Sarah Butcher

If you leave your job at Goldman Sachs or Morgan Stanley in London, an Italian bank may hire you. If it does, you may not linger there long once a few bonuses have been paid. Get Morning Coffee ☕ in your inbox. Sign up here. In 2023, Angelo Diotisalvi lost his job during a round of cuts at Goldman Sachs, where he was head of financial institutions group (FIG) financing for Southern Europe.
London bankers on visas confront new reality: "Stuck in jobs you hate"

3 weeks ago | efinancialcareers.cn | Sarah Butcher

As we reported last month, banks in London have become less willing to hire people who require visa sponsorship. Sponsoring a visa can be expensive, and with costs squeezed, banks are keen to avoid unnecessary spending wherever they can. Get Morning Coffee ☕ in your inbox. Sign up here. Sponsorship squeamishness is particularly problematic for junior or low paying jobs, where visa costs are high as a proportion of compensation.
Deutsche Bank's 35 year-old macro traders must be very well paid

3 weeks ago | efinancialcareers.com | Sarah Butcher

Financial by 5 minutes ago 3 minute readFinancialWe're halfway through the year and there's still no certainty as to who made €18m working for Deutsche Bank in 2024. It's not inconceivable, though, that it was one of the macro traders working for the German bank in London. Get Morning Coffee ☕ in your inbox. Sign up here.
JPMorgan's Marianne Lake: an unconventional person in finance

3 weeks ago | efinancialcareers.com | Sarah Butcher |Zeno Toulon |Marissa Miller

Who is the most interesting person you know in finance? It’s almost definitely not a colleague, but possibly your boss. Or your boss’ boss. If you’re at JPMorgan, however, we think it’s your boss’ boss’ boss: Marianne Lake. Who is your Ideal Employer in finance? 💥 Answer our survey for a chance to win $1kJamie Dimon’s successor as CEO of JPMorgan has been long debated. Some have come and gone: COO Jennifer Piepszak, for one.