Other than not getting selected as a possible candidate, nothing’s more painful than the feeling that you’ve left money on the table. If you’ve been lucky enough to get a job offer, or if you’re one of the ones in the final running, it’s probably time for your prospective employer to turn the tables on you. It’s the question you know they’re going to ask. What salary and take are... Read more

Low-cost portfolio managers that sell prepackaged portfolios such as MarketRiders and Folio Investing are being eyed as the new wave of investing, as such products have attracted more than $3 billion in assets over the last three years, according to Businessweek . These services are designed to tap the market of attract smaller, self-directed investors with monthly fees as low as $10 -- an underserved group, as traditional brokerages... Read more

The reinsurance market could be a hot M&A ground if corporate predators “have the nerve to look beyond a round of bumper claims triggered by the Japanese earthquake,” says Reuters. Sector activity has been put on hold while buyers try to assess how much the quake will cost reinsurers, which experts estimate could reach $25 billion. But historically, natural disasters have pushed up reinsurance prices as claims eat into the industry's... Read more

If you're an energy trader, it's a safe bet that you're a bit worried about your job. Overall, due to tech and the big players taking over, there's fewer jobs. Plus, the Commodity Futures Trading Commission is just about ready to announce position limits for physical commodity derivatives as mandated by Dodd-Frank. That, and expected regulation in the EU, is sure to shake things up. "There's been some downsizing already, but... Read more

JPMorgan Chase says it's “on track to hire over 10,000 people in the U.S. this year." The company’s third-quarter profit jumped 23 percent overall while profits in the investment bank sank. [Marketwatch] Vermont Senator Bernie Sanders is trying to revive legislation designed to break up commercial banks, investment banks, hedge funds and insurers that have grown so large that a failure would create economic catastrophe. [NECN] Hedge funds chalked up their strongest... Read more

Barclays hired an ex-Neuberger Berman exec and 14 other investment representatives for its wealth management business in the Americas. [WSJ] Private equity firm Welsh Carson Anderson & Stowe hired Ryan Harper and Edward Sobol as vice presidents. [Reuters] Julius Baer will appoint Jacqueline Koo as its new head of portfolio management for North Asia. [Finance Asia] Advantus Capital Management, which manages $20 billion in assets, named Randal Harrison as vice president and head... Read more

Morgan Stanley hired four financial advisers, overseeing $443 million in assets, in its New York office. [Reuters] Barclays named David Lewis as head of its Americas banking unit, where he'll oversee expansion of the bank's regional banking products and services over 14 offices. [PR Newswire] Merrill Lynch Wealth Management hired David Barnett, a financial adviser managing $180 million in assets, from Morgan Stanley Smith Barney. [WSJ] Credit Suisse's Canadian unit hired Scott Fromson... Read more

Goldman Sachs is the subject of a not-so-flattering book that accuses the firm of trying to destroy China. The Goldman Sachs Conspiracy has sold 100,000 copies since its release in June. ''Like a fox chewing a bone, Goldman Sachs knows the rules of the game and when to go for your neck,'' writes author Li Delin. No comment from Goldman Sachs on its hunting methods. [NY Times] UBS will create an... Read more

T. Rowe Price hires Jenneke from Schroder Investment Management to hire and oversee local Australian equity research and management team in Sydney office [T. Rowe Price, via PRN] Deutsche Bank hires Citi's Sommer as head of energy M&A for the Americas [Deutsche Bank] Odeon Capital Group adds Boca Raton, Fla. office led by Tesmond, hired from ACP securities as a SVP [Odeon, via BW] Marsh hires Demaret from Arthur J. Gallagher & Co.... Read more

Citing improved market conditions, mortgage insurer PMI adds sales executives for four U.S. regions [PMI Group] Deutsche Bank hires Nemes as global head of capital introductions, the same role she held at BofA Merrill Lynch. To start in October, she succeeds Capstick, who left Deutsche to become Bank of America's head of prime brokerage for EMEA [Financial News] Blackstone Group hires Simpson Thacher & Bartlett's M&A practice head Finley as chief legal... Read more

State Street hires Kuritzkes from Oliver Wyman as chief risk officer starting in August [State Street] BNY Mellon taps Slater from its CIBC joint venture as COO of its securities lending unit, a newly created position [Pensions & Investments] BNY Mellon moves Smith from U.S. asset servicing unit to Hong Kong as chief administrative officer for Asia-Pacific. He replaces Stephens who transferred to Washington, D.C. office [By eFinancialCareers News 30 Jun 2010 - 0 comments