Careers in Finance
Content
Careers - Induction to Finance
Roger Howgego/Richard Smith July 2010
Agenda
• • • • • • • • Roles and Functions How to Apply/Timing Preparation before Application Reasons for Rejection Your Strengths as a Candidate Career Progression Impact of Downturn on Recruitment Information Sources for Further Reading
Overview
Central Bank + Regulators + Treasury
CAPITAL USERS UNIVERSAL/INVESTMENT BANKS CAPITAL PROVIDERS
Issuers Government Corporate Supranationals
Corporate Finance
Capital Markets (Trading Floor)
Investors Asset Managers Hedge Funds Private Equity Private Wealth Management
Borrowers Corporates Retail Mortgages
Commercial Banking
Lenders Retail Institutional Corporations
Stock Exchange + Custodian Bank + Brokers - Clearers
Investment/Universal Banks
Corporate Finance
Capital Markets
Support
Risk Finance Treasury Operations Legal Compliance HR IT
Equity and FICC Industry Specialist Groups M&A Geographic teams Debt/Equity Capital Markets Sales – Geographic product
focus
Trading – Product focus Research – Industry (Eq.) Credit/Quant Strategic (FICC)
Prime Broker
Project Finance, Commercial Loans, Correspondent/Retail banking
Participants
IB/UB
Boutiques
Barclays Capital, JP Morgan, Goldman Sachs, Deutsche Bank, Nomura, Standard Chartered
Greenhill, Jefferies, Close Brothers
Commercial
Lloyds Banking Group, Barclays Bank, Sumitomo
Asset Managers
Hedge Funds Private Equity Private Wealth Management
Blackrock Pimco JP Morgan Asset management
Brevan Howard
3i KKR Permira
Barclays Wealth, Pictet
Participants
Towers Watson Mercer IBRD (World bank) IFC EBRD PwC Ernst & Young Deloitte KPMG SEC BAFIN FSA Moodys S&P Fitch SAB Miller Shell Diageo
Investment Consultants Regional Development Banks Advisory/Accounting
Regulators
Rating Agencies Finance division of corporates
Participants
Interdealer brokers
Icap Tulllets
Information providers
Bloomberg Thomson Reuters Northern Trust State Street BoNY Mellon Bank of England Federal Reserve ECB Norges Bank ADIA Australian Future Fund
Custodian banks
Public sector
Sovereign wealth funds
How to Apply/Timing
• Formal programs, full time and internships/the milk round • Analyst vs. associate
• On line process/cover letter and CV
• Lateral hires – company websites • Network – main route to opportunities • Direct approach – company websites • Search firms/employment agencies http://www.newlifenetwork.co.uk/
• Advertised roles – www.efinancialcareers.com & company websites
FTSE 100
Preparation Before Application
• Thorough research of company to include:
– – – – – – – Business divisions Structure and ownership Recent corporate history (earnings/events/personnel) Share price Recent transactions Competitors Value proposition/mission statement
• The role and how it fits into the organisation and contributes to revenues • The markets in your chosen area of interest • Current affairs and developments
Reasons for Rejection
• Spelling mistakes • Copy and paste errors • Grammar
• Poor presentation – fonts /alignment
• Too much irrelevant information • Too little relevant information • Poorly constructed cover letter
Your Strengths as a Candidate
• Differentiate yourself/ unique selling point • Don’t forget language/cultural skills • Highlight historic exposure to financial industry
• Personal investing/portfolios of any sort
• List any relevant books/journals/trade magazines read • Demonstrate financial markets awareness – clubs, societies • Dissertations or projects of a financial nature • Relevant work experience or internships
Career Progression
MANAGING DIRECTOR SENIOR VICE PRESIDENT
• Firm leadership • Strategic planning • Personnel direction
VICE PRESIDENT
• Project leadership • Revenue generation • Training for MD role
ASSOCIATE
• Team leadership • Increased client contact • Workflow responsibility
ANALYST
• Complex modelling • Client contact • Leadership
• Financial analysis • Teamwork skills
Impact of the Downturn on Recruitment
• Fewer places and more competition • Thorough preparation and commitment even more crucial • More attrition should create openings
• Closure of entry level programs not an option
• More targeted approach • One off roles • All year round activity • Internships have become even more important than before
Information Sources for Further Reading
• Individual company websites (www.gs.com, www.ms.com) • www.efinancialcareers.com (available in paper form) • www.ft.com
• www.bloomberg.com
• www.investmentfunds.org • www.bis.org • www.bba.org • http://village.albourne.com/
ASSET MANAGERS
Aegon Asset Management Alliance Bernstein* Allianz Global Investors* Amundi (Agricole/SocGen) Axa Asset Management Baring Asset Management Bank of New York Mellon BP Investment Management Blackrock/Barclays Global Investors* BNP Paribas Asset Management Capital Group CDC Ixis Asset Management Cigna Citigroup Asset Management Credit Suisse Asset Management Deutsche Bank Asset Management European Investment Fund – (EIB Affiliate/SME Lending) Fidelity Foreign and Colonial Franklin Templeton Fortis GE Asset Management GE Capital Generali Group Global Asset Management (GAM) Goldman Sachs Asset Management* HSBC Asset Management Henderson Global Investors ING Group Intesa Invesco Asset Management Investec Intesa Asset Management Insight Investment Management JP Morgan Asset Management* Lazard Asset Management Legal & General Lloyds TSB Group Man Group/GLG Mellon Financial Morley Fund Management (Aviva Group)* Natixis Asset Management Nomura Asset Management Optiva Northern Trust Orbis Pension First Pictet Asset Management Pimco Prudential Putnam Investments Rathbones Resolution (Britannic) Sandford Bernstein Santander Asset Management Schroder Investment Management SIG – Susquehana International Group State Street Global Investors Smith and Williamson Swiss Re Threadneedle UBS Asset Management Vanguard Zurich Financial Services Scotland: Baillie Gifford Scottish Mutual Scottish Widows Standard Life*
*Firms that have a graduate program Further Information Sources: Investment Management Association European Fund and Asset Management Association
www.investmentuk.org www.efama.org
INVESTMENT/UNIVERSAL BANK LIST American Express Bank of America Merrill Lynch Barclays Capital BBVA BNP Paribas Credit Agricole Investment Bank (CIB) CIBC World Markets Citigroup Credit Suisse Group Daiwa Securities Deutsche Bank Goldman Sachs GE Capital HSBC ING Bank Investec JP Morgan Chase Lazard Further Information Sources: British Bankers Association Or country/city specific bankers associations Macquarie Morgan Stanley Mitsubishi UFJ Securities Mizuho Nomura Royal Bank of Canada Capital Markets Royal Bank of Scotland NM Rothschild Rabobank Sanpaolo/Intesa Societe Generale Standard Chartered Standard Bank (South Africa) Sumitomo Mitsui Banking Corporation Banco Santander UBS Unicredit
www.bba.org.uk
BOUTIQUE/NICHE BANKS Alix Partners – Financial Restructuring Alvarez & Marsal – Financial Restructuring Altium Ambrian Augusta & Co Blackstone Blackwood Capital Bishopsfield Partners (Structured Fin) Broadpoint Gleacher Bryan Garnier & Co Caliburn Partnership Cavendish Corporate Finance Cenkos Securities Centreview Partners Chanin Capital CLOSE BROTHERS Mid-Cap Specialists Coller Capital – (Secondary PE) Collins Stewart Compass Advisors Cowen & Co Evercore Evolution Group EXOTIX (Illiquid Specialists) Fenchurch Advisory Partners Gordon Brothers Grant Samuel & Assoc Greenhill Gresham Partners Hatch Corporate Finance Hawkpoint Partners Houlihan Lokey- M&A Advisory Ingenious Corp Finance- Media Investec Further Information Sources: Jeffries & Co Lexicon Partners Moelis Natixis NM Rothschild Noble Group Nomura Code – Life Sciences Focus North Square Capital Numis Securities Ondra Partners Oriel Securities Pactum Advisors Panmure Gordon Perella Weinberg Partners Piper Jaffray Qatalyst Partners Renaissance Capital Richmond Park Partners Sagent Advisors D E Shaw Shore Capital Spayne Lindsay Stamford Partners – Food & Drink Stone Key Partners Distressed Debt Trafalgar Am Oaktree Cap Man Alchemy Special Ops Troika Dialog William Blair Preqin – Data Provider Hemscott Rankings
www.afme.eu www.liba.org.uk
PROFESSIONAL SERVICE FIRMS Ernst & Young Deloitte BDO Stoy Hayward KPMG PwC Grant Thornton
ISLAMIC BANKING The Islamic Bank of Britain – Retail European Islamic Investment Bank Bank of London and Middle East European Finance House Gatehouse
INFORMATION SOURCES FOR FURTHER NAMES AFME (Assoc. Financial Markets in EU) SIFMA (Securities Industry and Financial Markets Association) European Bankers Association International Financial Services London Financial Stability Board – BIS Subsidiary Basel Committee on Banking Supervision ICMA – International Capital Markets (Stock Exchanges) www.afme.eu www.sifma.org www.ifsl.org
OTHER FINANCIAL INSTITUTIONS SUPRANATIONALS African Development Bank Asian Development Bank Bank For International Settlements EBRD – European Bank For Reconstruction And Development European Investment Bank Kreditanstalt Fur Weideraufbau CENTRAL BANKS Bank of England European Central Bank – Frankfurt All Countries have a central bank usually located in the capital city RATING AGENCIES Fitch Moodys Standard and Poors DBRS IBRD - World Bank – Washington IFC - International Finance Corp. – Washington/London/Paris InterAmerican Development Bank – Washington Crown Agents - UK DFID- Department For International Development
REGULATORY BODIES ICFR – International Centre for Financial Regulation SEC – Securities & Exchange Commission FSA - Financial Services Authority Most developed countries have an equivalent
INVESTMENT CONSULTANTS Aon Consulting
Barrington Partners Cambridge Associates Duff & Phelps Russell Investments Hewitt Associates Mercer Investment Consultants Mourant
Fortune Asset Management (Close Brothers Sub) MSCI Barra/Riskmetrics Redington Partners Towers Watson Chatham Financial Scorpio Partnership FTI Consulting Q Finance
INFORMATION PROVIDERS Bloomberg Thomson Reuters Financial Times Euromoney Fidessa Institutional Investor INTER-DEALER BROKERS/TRADING HOUSES BGC Partners ICAP/Refco Cantor Fitzgerald EXOTIX (Illiquids) Tullet Prebon Tibra GFI Citi Index CMC Markets MF GLOBAL Mako Capital CTC CLEARING HOUSES LCH Clearnet Euroclear PRIVATE EQUITY/VENTURE CAPITAL www.bvca.co.uk www.evca.com Plus country specific associations in most western economies
INSURANCE COMPANIES Association of British Insurers Lloyds Market Association Insurers/Reinsurers/ Brokers Chartered Insurance Institute RSA Swiss Re Munich Re
www.abi.org.uk
www.insurancecareers.cii.co.uk
FINANCE DIVISIONS OF CORPORATE ENTITIES Unilever BP Diaego Nestle Vodafone Glencore Total Shell BT Siemens BMW EDF Trading RWE Trading INDEPENDENT RESEARCH HOUSES TOP 10 IN EUROPE Redburn Partners Autonomous Research Absolute Strategy Research Helvea Arete Research Further Information Sources: New Street Research BCA Research Capital Economics Auerbach Grayson Druganalyst Research
European Assoc. Of Independent Research Providers
http://www.euroirp.com/
PRIVATE BANKING Spears WMS - Publication www.spearswms.com UBS Private Bank Credit Suisse Private Bank Lombard Odier Darier Hentsch Julius Baer Pictet & Cie Vontobel UBP - Union Bancaire Privee Sarasin Deutsche Bank JP Morgan P.B Goldman Sachs Citigroup P.B. Merrill Lynch Bank Of America HSBC Republic ABN Amro BNP Paribas P.B Morgan Stanley Dean Witter Societe Generale Private Bank Dresdner RBS - Coutts Barclays Wealth Zurich Kantonal Bank Bank Leu Wachovia Berry Asset Management Brewin Dolphin Cazenove Capital Management GAM London Ltd Jupiter Asset Man Newton Inv Man Rothschild P.B. Ruffer Llp Schroders P.B. SG Hambros Veritas A.M. FAMILY OFFICES Sandaire Marcuard Family Office (Zurich) Genspring Family Office (Fla) Pitcairn (Penn)
HEDGE FUNDS (EUROPE) TOP 25 Blackstone/Barclays Global Investors Man Investments Lansdowne Partners Brevan Howard Asset Man. Bluecrest Capital Man. Sloane Robinson HSBC Marshall Wace Gartmore Investment CQS (UK) Aspect Capital London Diversified Fund Man. Hedge Fund Assoc Search Firms The Children’s Investment Fund Cheyne Capital Man. Bluebay Asset Man. Winton Capital Man. ADI Gestion (Paris) Alternative & Quantitative Investments (UBS) (Zurich) M&G Investments Polygon Investment Man Dexia Asset Man. (Paris) Spinnaker Capital RAB Capital Brummer & Partners (Stockholm) AIMA.Org www.thehfa.org https://village.albourne.com/user/news.pcg www.newlifenetwork.co.uk/executive-andsenior-managerial-search-firms-C109.html
Roger Howgego/Richard Smith July 2010
Agenda
• • • • • • • • Roles and Functions How to Apply/Timing Preparation before Application Reasons for Rejection Your Strengths as a Candidate Career Progression Impact of Downturn on Recruitment Information Sources for Further Reading
Overview
Central Bank + Regulators + Treasury
CAPITAL USERS UNIVERSAL/INVESTMENT BANKS CAPITAL PROVIDERS
Issuers Government Corporate Supranationals
Corporate Finance
Capital Markets (Trading Floor)
Investors Asset Managers Hedge Funds Private Equity Private Wealth Management
Borrowers Corporates Retail Mortgages
Commercial Banking
Lenders Retail Institutional Corporations
Stock Exchange + Custodian Bank + Brokers - Clearers
Investment/Universal Banks
Corporate Finance
Capital Markets
Support
Risk Finance Treasury Operations Legal Compliance HR IT
Equity and FICC Industry Specialist Groups M&A Geographic teams Debt/Equity Capital Markets Sales – Geographic product
focus
Trading – Product focus Research – Industry (Eq.) Credit/Quant Strategic (FICC)
Prime Broker
Project Finance, Commercial Loans, Correspondent/Retail banking
Participants
IB/UB
Boutiques
Barclays Capital, JP Morgan, Goldman Sachs, Deutsche Bank, Nomura, Standard Chartered
Greenhill, Jefferies, Close Brothers
Commercial
Lloyds Banking Group, Barclays Bank, Sumitomo
Asset Managers
Hedge Funds Private Equity Private Wealth Management
Blackrock Pimco JP Morgan Asset management
Brevan Howard
3i KKR Permira
Barclays Wealth, Pictet
Participants
Towers Watson Mercer IBRD (World bank) IFC EBRD PwC Ernst & Young Deloitte KPMG SEC BAFIN FSA Moodys S&P Fitch SAB Miller Shell Diageo
Investment Consultants Regional Development Banks Advisory/Accounting
Regulators
Rating Agencies Finance division of corporates
Participants
Interdealer brokers
Icap Tulllets
Information providers
Bloomberg Thomson Reuters Northern Trust State Street BoNY Mellon Bank of England Federal Reserve ECB Norges Bank ADIA Australian Future Fund
Custodian banks
Public sector
Sovereign wealth funds
How to Apply/Timing
• Formal programs, full time and internships/the milk round • Analyst vs. associate
• On line process/cover letter and CV
• Lateral hires – company websites • Network – main route to opportunities • Direct approach – company websites • Search firms/employment agencies http://www.newlifenetwork.co.uk/
• Advertised roles – www.efinancialcareers.com & company websites
FTSE 100
Preparation Before Application
• Thorough research of company to include:
– – – – – – – Business divisions Structure and ownership Recent corporate history (earnings/events/personnel) Share price Recent transactions Competitors Value proposition/mission statement
• The role and how it fits into the organisation and contributes to revenues • The markets in your chosen area of interest • Current affairs and developments
Reasons for Rejection
• Spelling mistakes • Copy and paste errors • Grammar
• Poor presentation – fonts /alignment
• Too much irrelevant information • Too little relevant information • Poorly constructed cover letter
Your Strengths as a Candidate
• Differentiate yourself/ unique selling point • Don’t forget language/cultural skills • Highlight historic exposure to financial industry
• Personal investing/portfolios of any sort
• List any relevant books/journals/trade magazines read • Demonstrate financial markets awareness – clubs, societies • Dissertations or projects of a financial nature • Relevant work experience or internships
Career Progression
MANAGING DIRECTOR SENIOR VICE PRESIDENT
• Firm leadership • Strategic planning • Personnel direction
VICE PRESIDENT
• Project leadership • Revenue generation • Training for MD role
ASSOCIATE
• Team leadership • Increased client contact • Workflow responsibility
ANALYST
• Complex modelling • Client contact • Leadership
• Financial analysis • Teamwork skills
Impact of the Downturn on Recruitment
• Fewer places and more competition • Thorough preparation and commitment even more crucial • More attrition should create openings
• Closure of entry level programs not an option
• More targeted approach • One off roles • All year round activity • Internships have become even more important than before
Information Sources for Further Reading
• Individual company websites (www.gs.com, www.ms.com) • www.efinancialcareers.com (available in paper form) • www.ft.com
• www.bloomberg.com
• www.investmentfunds.org • www.bis.org • www.bba.org • http://village.albourne.com/
ASSET MANAGERS
Aegon Asset Management Alliance Bernstein* Allianz Global Investors* Amundi (Agricole/SocGen) Axa Asset Management Baring Asset Management Bank of New York Mellon BP Investment Management Blackrock/Barclays Global Investors* BNP Paribas Asset Management Capital Group CDC Ixis Asset Management Cigna Citigroup Asset Management Credit Suisse Asset Management Deutsche Bank Asset Management European Investment Fund – (EIB Affiliate/SME Lending) Fidelity Foreign and Colonial Franklin Templeton Fortis GE Asset Management GE Capital Generali Group Global Asset Management (GAM) Goldman Sachs Asset Management* HSBC Asset Management Henderson Global Investors ING Group Intesa Invesco Asset Management Investec Intesa Asset Management Insight Investment Management JP Morgan Asset Management* Lazard Asset Management Legal & General Lloyds TSB Group Man Group/GLG Mellon Financial Morley Fund Management (Aviva Group)* Natixis Asset Management Nomura Asset Management Optiva Northern Trust Orbis Pension First Pictet Asset Management Pimco Prudential Putnam Investments Rathbones Resolution (Britannic) Sandford Bernstein Santander Asset Management Schroder Investment Management SIG – Susquehana International Group State Street Global Investors Smith and Williamson Swiss Re Threadneedle UBS Asset Management Vanguard Zurich Financial Services Scotland: Baillie Gifford Scottish Mutual Scottish Widows Standard Life*
*Firms that have a graduate program Further Information Sources: Investment Management Association European Fund and Asset Management Association
www.investmentuk.org www.efama.org
INVESTMENT/UNIVERSAL BANK LIST American Express Bank of America Merrill Lynch Barclays Capital BBVA BNP Paribas Credit Agricole Investment Bank (CIB) CIBC World Markets Citigroup Credit Suisse Group Daiwa Securities Deutsche Bank Goldman Sachs GE Capital HSBC ING Bank Investec JP Morgan Chase Lazard Further Information Sources: British Bankers Association Or country/city specific bankers associations Macquarie Morgan Stanley Mitsubishi UFJ Securities Mizuho Nomura Royal Bank of Canada Capital Markets Royal Bank of Scotland NM Rothschild Rabobank Sanpaolo/Intesa Societe Generale Standard Chartered Standard Bank (South Africa) Sumitomo Mitsui Banking Corporation Banco Santander UBS Unicredit
www.bba.org.uk
BOUTIQUE/NICHE BANKS Alix Partners – Financial Restructuring Alvarez & Marsal – Financial Restructuring Altium Ambrian Augusta & Co Blackstone Blackwood Capital Bishopsfield Partners (Structured Fin) Broadpoint Gleacher Bryan Garnier & Co Caliburn Partnership Cavendish Corporate Finance Cenkos Securities Centreview Partners Chanin Capital CLOSE BROTHERS Mid-Cap Specialists Coller Capital – (Secondary PE) Collins Stewart Compass Advisors Cowen & Co Evercore Evolution Group EXOTIX (Illiquid Specialists) Fenchurch Advisory Partners Gordon Brothers Grant Samuel & Assoc Greenhill Gresham Partners Hatch Corporate Finance Hawkpoint Partners Houlihan Lokey- M&A Advisory Ingenious Corp Finance- Media Investec Further Information Sources: Jeffries & Co Lexicon Partners Moelis Natixis NM Rothschild Noble Group Nomura Code – Life Sciences Focus North Square Capital Numis Securities Ondra Partners Oriel Securities Pactum Advisors Panmure Gordon Perella Weinberg Partners Piper Jaffray Qatalyst Partners Renaissance Capital Richmond Park Partners Sagent Advisors D E Shaw Shore Capital Spayne Lindsay Stamford Partners – Food & Drink Stone Key Partners Distressed Debt Trafalgar Am Oaktree Cap Man Alchemy Special Ops Troika Dialog William Blair Preqin – Data Provider Hemscott Rankings
www.afme.eu www.liba.org.uk
PROFESSIONAL SERVICE FIRMS Ernst & Young Deloitte BDO Stoy Hayward KPMG PwC Grant Thornton
ISLAMIC BANKING The Islamic Bank of Britain – Retail European Islamic Investment Bank Bank of London and Middle East European Finance House Gatehouse
INFORMATION SOURCES FOR FURTHER NAMES AFME (Assoc. Financial Markets in EU) SIFMA (Securities Industry and Financial Markets Association) European Bankers Association International Financial Services London Financial Stability Board – BIS Subsidiary Basel Committee on Banking Supervision ICMA – International Capital Markets (Stock Exchanges) www.afme.eu www.sifma.org www.ifsl.org
OTHER FINANCIAL INSTITUTIONS SUPRANATIONALS African Development Bank Asian Development Bank Bank For International Settlements EBRD – European Bank For Reconstruction And Development European Investment Bank Kreditanstalt Fur Weideraufbau CENTRAL BANKS Bank of England European Central Bank – Frankfurt All Countries have a central bank usually located in the capital city RATING AGENCIES Fitch Moodys Standard and Poors DBRS IBRD - World Bank – Washington IFC - International Finance Corp. – Washington/London/Paris InterAmerican Development Bank – Washington Crown Agents - UK DFID- Department For International Development
REGULATORY BODIES ICFR – International Centre for Financial Regulation SEC – Securities & Exchange Commission FSA - Financial Services Authority Most developed countries have an equivalent
INVESTMENT CONSULTANTS Aon Consulting
Barrington Partners Cambridge Associates Duff & Phelps Russell Investments Hewitt Associates Mercer Investment Consultants Mourant
Fortune Asset Management (Close Brothers Sub) MSCI Barra/Riskmetrics Redington Partners Towers Watson Chatham Financial Scorpio Partnership FTI Consulting Q Finance
INFORMATION PROVIDERS Bloomberg Thomson Reuters Financial Times Euromoney Fidessa Institutional Investor INTER-DEALER BROKERS/TRADING HOUSES BGC Partners ICAP/Refco Cantor Fitzgerald EXOTIX (Illiquids) Tullet Prebon Tibra GFI Citi Index CMC Markets MF GLOBAL Mako Capital CTC CLEARING HOUSES LCH Clearnet Euroclear PRIVATE EQUITY/VENTURE CAPITAL www.bvca.co.uk www.evca.com Plus country specific associations in most western economies
INSURANCE COMPANIES Association of British Insurers Lloyds Market Association Insurers/Reinsurers/ Brokers Chartered Insurance Institute RSA Swiss Re Munich Re
www.abi.org.uk
www.insurancecareers.cii.co.uk
FINANCE DIVISIONS OF CORPORATE ENTITIES Unilever BP Diaego Nestle Vodafone Glencore Total Shell BT Siemens BMW EDF Trading RWE Trading INDEPENDENT RESEARCH HOUSES TOP 10 IN EUROPE Redburn Partners Autonomous Research Absolute Strategy Research Helvea Arete Research Further Information Sources: New Street Research BCA Research Capital Economics Auerbach Grayson Druganalyst Research
European Assoc. Of Independent Research Providers
http://www.euroirp.com/
PRIVATE BANKING Spears WMS - Publication www.spearswms.com UBS Private Bank Credit Suisse Private Bank Lombard Odier Darier Hentsch Julius Baer Pictet & Cie Vontobel UBP - Union Bancaire Privee Sarasin Deutsche Bank JP Morgan P.B Goldman Sachs Citigroup P.B. Merrill Lynch Bank Of America HSBC Republic ABN Amro BNP Paribas P.B Morgan Stanley Dean Witter Societe Generale Private Bank Dresdner RBS - Coutts Barclays Wealth Zurich Kantonal Bank Bank Leu Wachovia Berry Asset Management Brewin Dolphin Cazenove Capital Management GAM London Ltd Jupiter Asset Man Newton Inv Man Rothschild P.B. Ruffer Llp Schroders P.B. SG Hambros Veritas A.M. FAMILY OFFICES Sandaire Marcuard Family Office (Zurich) Genspring Family Office (Fla) Pitcairn (Penn)
HEDGE FUNDS (EUROPE) TOP 25 Blackstone/Barclays Global Investors Man Investments Lansdowne Partners Brevan Howard Asset Man. Bluecrest Capital Man. Sloane Robinson HSBC Marshall Wace Gartmore Investment CQS (UK) Aspect Capital London Diversified Fund Man. Hedge Fund Assoc Search Firms The Children’s Investment Fund Cheyne Capital Man. Bluebay Asset Man. Winton Capital Man. ADI Gestion (Paris) Alternative & Quantitative Investments (UBS) (Zurich) M&G Investments Polygon Investment Man Dexia Asset Man. (Paris) Spinnaker Capital RAB Capital Brummer & Partners (Stockholm) AIMA.Org www.thehfa.org https://village.albourne.com/user/news.pcg www.newlifenetwork.co.uk/executive-andsenior-managerial-search-firms-C109.html
