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Some Strategic Advice to Help Wealth Managers Grow Their Business

One thing wealth managers can never get enough of is help on growing their business, primarily because they are often paid based on the amount of assets they bring in that can generate fees. The latest advice comes from Pershing, which is a Bank of New York Mellon company, and it focuses on how financial [...] ...Read more

By Fred Yager, May 16 2012

People News: Moves at J.P. Morgan, Lazard, BNP, Societe Generale and UBS

J.P. Morgan’s shakeup includes ousting its European CIO Achilles Macris, to be replaced by Rob O’Rahilly, who will also lead the firm’s offices in the Middle East and Africa, while Christopher Chan will lead the office in Asia. Marie Nourie will take over the chief financial officer position within the global unit, and Chetan Bhargiri [...] ...Read more

By Emma Johnson , May 16 2012

Goldman’s global head of growth markets explains how investment bankers can remain employable

Goldman Sachs has been making videos and placing them on YouTube. They don’t appear particularly popular: some only have a handful of hits. Some appear to have none at all. However, this one, featuring J. Michael Evans, its global head of “Growth Markets,” deserves some attention. In it, J. Michael volunteers a perspective on what [...] ...Read more

By Sarah Butcher , May 16 2012

Short Breaks Only Improve Productivity if You Stay Focused on Work, New Research Shows

True or false: One way to improve your stamina on the job is to take short breaks like going for a walk, grabbing some coffee or planning your evening. If you said true, you’d be wrong according to new research. In fact, unless you use a quick break to assist a junior associate or learn [...] ...Read more

By Janet Aschkenasy, May 16 2012

Wednesday’s Headlines: Is Business School the Path to Politics?

Francois Hollande will be France’s first president with a business school degree, thanks to his 1975 graduation from HEC Paris. As Businessweek reports, the school also counts World Trade Organization director general Pascal Lamy, former IMF chief Dominique Strauss-Kahn and Senegal Prime Minister Abdoul Mbaye as alumni. Previously, the Financial Times had written about the rise [...] ...Read more

By Emma Johnson, May 16 2012

Hiring at Mid-Level Banks Picks Up in Canada—Where Banks Remain Among the Strongest

North of the U.S. border, bank hiring is beginning to pick up at the mid-market level and morale is getting stronger among job candidates as the employment situation improves. The improving landscape comes at a time when Canadian banks are still seen as among the world’s strongest. CIBC was No. 3 in Bloomberg Markets’ second [...] ...Read more

By Janet Aschkenasy, May 15 2012

How to Handle Multiple Job Offers

Here’s a great problem to have, especially these days – more than one job offer. As great as this sounds, it’s important to handle the negotiations carefully, and they can be a tightrope walk. The position you take needs to be determined by more than money. Consider the tenor of the interview and subsequent phone conversations [...] ...Read more

By Myra Thomas, May 15 2012

10 tips for getting hired when nobody seems to be hiring

For anyone who has been searching for a financial job for more than a few weeks, the dreary and continued drain on time, effort, energy and spirit make it sometimes difficult to stay with it. You begin to wonder if you’ll ever get a job. Is anyone even hiring? To break the spell, there are [...] ...Read more

By Robert Namar, May 15 2012

Tuesday’s Headlines: What we need are banks to be boring again

In his typical call-it-as-I-see-it, New York Times financial columnist Joe Nocera gives his two cents on the $2 billion plus trading loss at JPMorgan Chase. In an op-ed entitled “Make Banking Boring,” Novera calls for smaller comps and a return to the days when bankers weren’t addicted to risky derivatives trading. We know that JPMorgan’s [...] ...Read more

By Emma Johnson , May 15 2012

Cantor Fitzgerald Strengthens Global Sales and Trading Team

Cantor Fitzgerald announced today that it is strengthening its international equities and fixed income sales and trading business with several key appointments in New York and Miami. Diego Baez, formerly of Terra Futuros, has been named Managing Director of Latin American Equities; George Medina, formerly of S.J. Levinson & Sons, has been named Director of [...] ...Read more

By Fred Yager, May 14 2012