Sarah Butcher

Banking and finance and fintech and (some tech) news and extemporisation. Hit me up in the DMs with tips, or at [email protected]

Articles

Hedge fund Citadel's New York employees may be hit with 4-year non-competes

1 day ago | efinancialcareers.com | Sarah Butcher

If you're thinking of leaving hedge fund Citadel, either in New York or Miami, you might want to do so before July 1st 2025. Get Morning Coffee ☕ in your inbox. Sign up here. This is the date when the CHOICE Act allowing for non-compete periods of up to four years is expected to be signed in to existence by Gov. De Santis in Florida. Bloomberg reported on Citadel's role in lobbying for the act earlier this week.
Citi paid someone in London $9m to go away last year

1 day ago | efinancialcareers.co.uk | Sarah Butcher

This time last year, Citi's Bora Bora cuts had drawn to a recent end, with 7,000 instead of the planned 5,000 people cut as the bank removed entire layers of management. Who is your Ideal Employer in finance? 💥 Answer our survey for a chance to win $1kSomehow, during this process, Citi's London business paid a $9m severance payment to a single individual.
Citi's new London credit trader comes from a New York hedge fund

1 day ago | efinancialcareers.com.au | Sarah Butcher

Financial by 5 hours ago 2 minute readFinancialCiti may be in the latter stages of cutting 20,000 jobs, but it is also hiring for its credit trading business in London. Tharsh Tharshan, a credit trader last seen working for Rokos in New York. Get Morning Coffee ☕ in your inbox. Sign up here. Tharshan left Rokos last October and his London move has been in process for a while. He declined to comment for this article, but it's understood that he moved back to London for family reasons.
UBS cut some underperformers already this month. More cuts are coming next week

1 day ago | efinancialcareers.com | Sarah Butcher

As expected, UBS is pruning headcount. Insiders say that a round of cuts happened in London a few weeks ago, but that more are coming next week. Get Morning Coffee ☕ in your inbox. Sign up here. The most recent round of cuts is understood to have included Tim Ramskill, Credit Suisse's former head of EMEA Securities research. Ramskill spent 14 years at Credit Suisse before becoming global head of product management at UBS in 2023. He's gone two years later.
A VP-level software engineer is complaining about his Goldman Sachs offer

2 days ago | efinancialcareers.com | Sarah Butcher

Now that software engineers are afflicted by unemployment and cost-cutting, they are also afflicted by the vagaries of trying to find a job in a saturated market. They have taken to Reddit to complain. Get Morning Coffee ☕ in your inbox. Sign up here.
Citi's ex-Malaga analysts are finding fine jobs away from the vibes of London

2 days ago | efinancialcareers.com.au | Sarah Butcher

Now that Citi has closed its Malaga office and moved some of the 27 low-cost-low stress analysts who were based there to the London office instead, sources at the bank suggest there's a bit of indigestion. Get Morning Coffee ☕ in your inbox. Sign up here. Citi isn't commenting, but insiders claim that not everyone at the bank in London has been receptive to the arrival of the ex-Malaga juniors, who are perceived as lower calibre and less amenable to long hours than the rest.
These are Nomura's new US and London MDs on the $530k+ salaries

2 days ago | efinancialcareers.dk | Sarah Butcher

Japanese bank Nomura is on a different schedule to other banks. It reports results later in the year. It pays bonuses months after the rest. It's also only just promoted its managing directors. Get Morning Coffee ☕ in your inbox. Sign up here. Nomura's new managing directors (MDs) in London and New York are listed below. There are 24 of them. 17 are in global markets. 14 are in New York. Two appear to be women.
Citi's ex-Malaga analysts are finding fine jobs away from the vibes of London

2 days ago | efinancialcareers.co.za | Sarah Butcher

Now that Citi has closed its Malaga office and moved some of the 27 low-cost-low stress analysts who were based there to the London office instead, sources at the bank suggest there's a bit of indigestion. Get Morning Coffee ☕ in your inbox. Sign up here. Citi isn't commenting, but insiders claim that not everyone at the bank in London has been receptive to the arrival of the ex-Malaga juniors, who are perceived as lower calibre and less amenable to long hours than the rest.
Citi's ex-Malaga analysts are finding fine jobs away from the vibes of London

2 days ago | efinancialcareers-canada.com | Sarah Butcher

Now that Citi has closed its Malaga office and moved some of the 27 low-cost-low stress analysts who were based there to the London office instead, sources at the bank suggest there's a bit of indigestion. Get Morning Coffee ☕ in your inbox. Sign up here. Citi isn't commenting, but insiders claim that not everyone at the bank in London has been receptive to the arrival of the ex-Malaga juniors, who are perceived as lower calibre and less amenable to long hours than the rest.
The hedge fund career of a Goldman Sachs "guru" looks like a warning

1 week ago | efinancialcareers.com | Sarah Butcher

If Alex Blanchard had stayed at Goldman Sachs, he might have made partner. When he left the firm in July after 20 years in 2020, insiders said he was on track to make partner in the December promotion round. Who is your Ideal Employer in finance? 💥 Answer our survey for a chance to win $1kInstead, Blanchard went to Point72 where he briefly benefited from a tax-free life in Dubai.