Reuters reports that, according to its sources, UK fund manager Gartmore has told 35 support staff (or just over 10% of the workforce) that they are likely to lose their jobs.
Here's the latest from our Jobtalk blog.
Bloomberg reports that Minneapolis-based investment bank Piper Jaffray is to cut around 40 of the 70 staff it currently employs in London, as its business model 'was impacted by the lack of capital raisings by...small and mid-cap clients'.
Here's the latest in our Job Talk and Market Makers blogs.
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Bloomberg reports that Citigroup has hired 15 research, sales and trading staff for Russia, South Africa and the Middle East, as it bids to make up ground in the geographies.
Here's a news round-up
Reuters reports that HSBC is planning to beef up its investment banking operations in India.
Just to prove that things on the recruitment front haven't slowed down just yet, here's a note of the official hiring announcements made by some firms just his week.
In the world of finance, the landscape is likely to be a lot different in 25 years than it is today
Fears grow that the bank will be uncompetitive when it comes to pay.
'We saw significantly higher numbers of high quality people we wanted to recruit turning down our offers. We were losing people who were crucial to the future of the investment bank in an extremely competitive environment'.