Financial job market news Netherlands | Finance news for recruitment in the financial markets

After over a year in the doldrums, fund management recruitment is positively buoyant again and the emphasis has shifted away from the middle office and towards investment talent. To name just a few people moves in recent weeks, Schroders has lost Nick Purves and Ian Lance to rival RWC Partners, Nick Mustoe has joined Invesco Perpetual as chief investment officer, March Gestion has recruited José Antonio as head of European funds,... Read more

Monday was Clifford Sacks’ first day as Ceo South Africa and head of Pan-African equities for Renaissance Capital, the Russian investment bank that is expanding aggressively in emerging markets. Before joining RenCap, Sacks, who is South African, was co-Ceo for SA and Sub-Saharan Africa at BoA Merrill Lynch, a well-respected investment banker with twenty years’ experience and a deep knowledge of African equities. His task is to open and staff a... Read more

The sitcom "Keeping Up Appearances" could be just as well about the global financial services industry these days. As a result, cutting costs and bonuses has become a badge of honor among fund managers, who now tout their own frugality as they once touted rich returns and lavish pay. A prime example is Martin Currie's chief executive, Willie Watt, who took to The Times last weekend to brag of how... Read more

Longevity risk has several things in its favour. It’s interesting and allows for the study of social and demographic factors, such as the higher life expectancy for certain age cohorts in the UK compared to Continental Europe (possibly due to WW2). It’s a growth business. And banks are ploughing into it. It’s unfortunate, therefore, that there don’t really appear to be many jobs on offer yet. Structured products recruiters, eager for something... Read more

With just about every hedge fund and its dog preparing to relaunch absolute return funds under a Ucits compliant structure to capture new sources of capital, the role of marketers and distribution specialists within the firms has seldom been more prominent. And demand for their services has taken off. “Demand for marketers is definitely increasing at a fast pace," says Sasha Jensen, head of alternative fund distribution at Kinsey Allen. "Hedge... Read more

Goldman Sachs’ recent entrance into the exchange-traded funds market in the US (along with other asset management heavyweights) illustrates the increasing competitiveness of the sector. New players are also setting up shop in Europe, and more established firms are having to pay over the odds to keep hold of their existing talent. “New ETF players in Europe have been targeting the established firms’ key talent,” says one City asset management... Read more

Asset management firms are shaking up their bonus system so that variable pay becomes an ever-greater proportion of overall compensation packages. But don't get too excited – as they're going to be more closely tied to performance, it's going to be harder to earn them. The latest projections from pay consultants Johnson Associates suggest that asset management firms are allocating a greater proportion of net revenues to compensation and benefits.... Read more

For those in the know, referring to Commerzbank’s pay pot as its bonus ‘pool’ may seem misplaced: ‘puddle’ might be more appropriate; the bank’s not known for paying particularly well. This year, however, Commerzbank might pay some of its London bankers more than usual, and for reasons other than those laid out in its recent compensation document. There aren’t all that many former Dresdner Kleinwort bankers still left at... Read more

The prospect of exchanging a daily commute on the northern line with a leisurely stroll to work has seldom been enough to persuade London's fund managers to make the move to Edinburgh. But, with Scottish fund managers expanding and job opportunities still thin on the ground down south, more are considering the switch. A recent round of musical chairs in Scotland's fund management sector has meant some firms are recruiting again,... Read more

Like most other areas of the financial services community, investment professionals have been hit by redundancies and the downturn in hiring, but there are signs that things are looking up. Of 505 of our CFA UK members who responded to a survey in October, 58% said they expect next year’s employment conditions to improve a little and 15% said they expect them to improve significantly. Only 11% thought they’d... Read more

One of the more notable facets of BarCap’s new Protium Finance innovation, are the rewards for the people working on it. 45 people are set to share management fees of $400m over 10 years, amounting to £537k a year each. However, management fees are only part of the story. The Financial Times says partners in Protium will also be entitled to any surplus cash generated by the assets once BarCap’s loan... Read more

As the number of CFA candidates swells, so too say recruiters, does the number of people who think they can get a job simply by virtue of having passed all or part of the accreditation. Unfortunately, this isn’t the case. “I have a large and increasing number of candidates who apply thinking that having a CFA will allow them to move into financial services from a completely unrelated job,” says James... Read more

The good news is that a large number of fund management firms are open to the idea of hiring once again. But, before you remove the champagne from the cooler, this is still largely restricted to replacement hires and specific sectors. Notable recent hires include those within JPMorgan Asset Management, which has taken on 25 new recruits over the last month, most recently within its fixed income team, according to... Read more

Islamic finance courses have been popping up in the UK over the last couple of years, and an increasing number of bankers with conventional backgrounds are looking to get in on the act. But the industry has not been immune to problems and it's debatable whether there are that many job opportunities at the moment. "A lot of Islamic banks were looking to the UK as a wholesale centre... Read more

All is not entirely well in the supposedly buoyant world of exchange-traded funds (ETFs). The more exotic products, upon which a lot of the anticipated growth was predicated, have come up against some serious stumbling blocks. However, a relative shortage of expertise in this area, and a number of new players in the sector, means hiring is still fairly active. A recent article on FT Alphaville points to the fact that... Read more

As the more eager readers among you might remember, we recently ran a survey into the job prospects of asset managers in the second half of 2009. The results are in - but sadly they're not entirely positive. There were 234 respondents and the largest proportion of those – 45% – believe there were likely to be more redundancies in the next six months, compared to 42% who expect their jobs... Read more