Raghav Gupta left his cushy job as director of private banking at Citi to join ASK Wealth Advisors as a managing partner in August last year. He now advises wealthy clients, some of them twenty-something startup founders who became multimillionaires overnight by selling their companies, on investing their money wisely.
With $336 million of total revenue in 2016, the lowest for investment banks in the last five years, million-dollar annual bonuses have all but vanished. Shrinking business has not only taken a toll on team sizes, but annual payouts as well.
For private equity investors in India, 2016 may have been one of the worst years in terms of investments but hiring in the industry hit a new high even as several senior executives quit to start their own funds.
As global and domestic private equity funds step up their India presence in the second lap of their journey in the country, they are beefing up their teams with junior-level talent to help them source and execute deals better.
As the Indian executive debates and formulates laws to allow foreign lawyers to practice here, big foreign law firms are scoping the market for talent and acquisition targets.
When senior banking executives Jaspal Bindra and K Balasubramanian quit their plum overseas jobs to join domestic firms last month, their decision did not raise many eyebrows.
More than 1,500 jobs with salaries going up to Rs 1.50 crore will be up for grabs in the 11 payments banks that are set to start operations over the next year-and-a-half, headhunters and HR experts estimate.
Sanjay Grewal, IDFC's board member is joining Altico Capital, the nonbanking financial arm of Clearwater Capital. RK Narayan of JM Financial Real Estate Fund is moving to head the $400 million real estate fund of Macquarie Group.
Last week, after almost a decade-long, trailblazing career in leadership consulting and managing the corner office of global executive search firm SpencerStuart in India, Anjali Bansal took the plunge into private equity, coming on board TPG Growth.
Annual bonuses for investment banking rain makers could be a mixed bag this year- junior executives may be paid as much as a fifth more than last year or twice their fixed compensation but seniors could face a cut with revenue and the rupee having tumbled, recruiters said.
Last week, Standard Chartered Private Equity's co-head Alastair Morrison and three managing directors, Ravinder Singh Grewal, Mukul Nag and Rahul Raisurana quit after a major restructuring at the PE fund.
Banking licence aspirants are turning to former bureaucrats and chiefs of public sector banks to help them win licences and build their proposed banks from scratch.
More than 200 i-bankers employed in domestic and foreign investment banks have been forced to quit or asked to leave since June last year because of a decline in the number of deals and falling stock markets.
IAIP, Mumbai organized Career Day event on 04 June 2013, focused on relatively unexplored area of Fixed Income. The event was well attended by around 100 participants, which included candidates as well as member...
After five years with CanaraRobeco Mutual Fund, RiteshJain, 44, is now moving to Tata Mutual Fund. He will be responsible for Rs 19,897 crore in his new job, twice what he managed at CanaraRobeco.
Most of them are quintessential backroom boys whose jobs are to keep companies they work for on the right side of law. And, it's they who often end up paying an immediate price when employers indulge in sharp practices.
Executives at headhunters Egon Zender, Heidrick & Struggles, Randstad and Vito India are suddenly on their toes in a dull hiring market as new bank aspirants such as RIL, L&T Finance, Religare and Aditya Birla Group...
Deal-making in India continues to be a male bastion. Women have struggled to break through the glass ceiling in this high-stakes sector. According to a recent study, the better half of humanity represents just 2% of the workforce in...
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