Archive for the 'Finance' Category
Tuesday, January 31st, 2012
Bank of America said this week it is recruiting for dozens of finance jobs in Boston, among other locations.
The banking giant is also hiring for executive jobs in Rhode Island and other locales.
The company previously said it would hire 1,000 small business bankers across the nation by mid-2012.
Now the bank is hiring more than 50 small business bankers in New England to provide guidance and counsel to local small business owners, it said in a press release.
These bankers bankers will consult with small business owners at their place of business and assess their companies’ deposit, credit and cash management needs.
These new hires will support the unique needs of small business owners in the following regions:
Massachusetts – 32 hires, including 13 in Greater Boston.
Connecticut – 14 hires.
Rhode Island – 5 hires.
“For well over 200 years, New England has been a pioneer of entrepreneurial innovation, and Bank of America is proud to be supporting the region’s entrepreneurial heritage,” said Bob Gallery, Massachusetts president for Bank of America. “Our small business bankers will provide business owners in New England with the tools they need to continue to be the engine that drives our local and national economy forward.”
“Our bankers spend the time needed with each of our clients to fully understand their deposit, credit, payroll and cash management needs, while serving as a conduit to experts across the Bank of America franchise,” said Raj Kochhar, Small Business Banking region executive for the Northeast. “They can help small business owners with complex issues ranging from commercial real estate needs to providing the right retirement solutions for themselves and their employees.”
Sunday, April 10th, 2011
Barclays Wealth is on a hiring spree, recruiting for financial jobs in Boston and other cities.
The company added 14 private bankers to its US offices. This brings to nearly 30 the number of new hires announced in the last two weeks.
According to Financial News, the hires are part of its Project Gamma plan to spend £350m doubling the number of client-facing staff within five years. Since the start of March, the UK wealth manager has added at least 28 senior private bankers and investment advisers to offices including London, Jersey, Aberdeen and the US. (more…)
Saturday, January 15th, 2011
New stock analysis is pointing to an upswing in the number of Boston finance jobs.
Boston Properties, Inc. ( BXP | PowerRating: $85) has been picked by Standard & Poor’s Equity Research as its Focus Stock of the Week. BXP carries S&P’s highest investment recommendation of 5-STARS, or Strong Buy. Boston Properties is a real estate investment trust (REIT) that develops, acquires, operates and manages commercial properties, primarily office buildings.
“We consider BXP’s two largest markets as measured by operating income, New York City and Washington, DC, to be among the top-performing U.S. real estate markets,” said Royal Shepard, REITs Equity Analyst at Standard & Poor’s Equity Research. “We expect Manhattan to benefit from renewed hiring in the financial sector, as well as a vibrant tourism industry. The office market in the nation’s capital is benefiting from a large and growing workforce employed by the federal government.” (more…)
Tuesday, October 26th, 2010
America’s Growth Capital has announced they are hiring for finance jobs in Boston.
America’s Growth Capital, an emerging growth-focused investment bank, announced today the hiring of Jeff Becker as Partner in the firm’s New York City Investment Banking Group and the hiring of John Siegler as Partner working out of the firm’s Silicon Valley office. Siegler will focus his calling effort on the technology, consumer and clean tech markets. Becker will focus on software.
“We are delighted to add these two seasoned pros to our team and to expand our efforts in New York City and Silicon Valley after having just opened up our Israel office,” said Ben Howe, CEO of America’s Growth Capital. “Our firm has seen a significant uptick in activity in both U.S. and global markets, and with players like Jeff and John we are better positioned to serve emerging growth companies in these regions, given their extensive track records and deep industry connections. It is great to be working again with Jeff, whom I’ve known for many years going back to our days together at Cowen in the mid-90s.”
Tuesday, August 24th, 2010
TA Associates has announced that they are recruiting for finance jobs in Boston and have filled one big position recently.
TA Associates, a leading growth private equity firm, today announced the recent hiring of a new staff member in its Boston office. Lisa Harris has joined the firm as a Vice President in the Financial Services and Consumer Group.
Ms. Harris focuses on investments in financial, business and other growth services companies. She joins TA with previous investment experience as an Associate at Centerbridge Partners, L.P., where she evaluated and executed private equity and special situation investments across multiple industries. Ms. Harris was previously an Analyst in the investment banking division of Goldman, Sachs & Co. She received a BA, magna cum laude, Phi Beta Kappa, in Social Studies from Harvard College in 2004 and an MBA from the Wharton School at the University of Pennsylvania in 2010, where she was a Palmer Scholar. (more…)
Monday, July 26th, 2010
Evercore Partners is launching an equity research group, a move that could possibly create finance jobs in Boston.
According to a press release, Evercore Partners Inc. today announced the launch of its equity research group and its plans to initiate coverage of companies in the Telecommunication, Media and Technology, and Financial Institutions industries during the third quarter.
The research group initially is comprised of ten seasoned analysts with deep expertise in the sectors they cover and a balanced perspective developed by working in sell-side research, buy-side firms and in the industries they cover. This experience, together with an ability to provide access to company management, provides the foundation to deliver valuable insights and actionable investment ideas to Evercore’s clients.
Sunday, May 16th, 2010
Fund firm Legg Mason has adjusted the figure it previously gave when addressing layoff numbers and is now saying they will eliminate more than 350 finance jobs in Boston (click here).
According to Reuters.com, on Monday it said it would cut about 10 percent of its workforce, or 350 jobs, as part of a long-awaited restructuring designed to eventually reduce expenses by up to $150 million annually.
But on a conference call Thursday, Chief Administrative Officer Joseph Sullivan said Legg Mason may make additional job cuts through voluntary terminations and other steps.
Friday, January 2nd, 2009
More Boston financial jobs will soon be lost.
On top of recent financial job cuts, four more Boston financial firms plan to cut a total of 110 jobs in the near future, according to an article by The Boston Globe. The companies slated to cut positions include Deutsche Bank, Citigroup Inc., Pioneer Investments and Boston Financial Data Service.
Deutsche Bank employs more than 375 people in Boston and has not confirmed exactly how many jobs will be cut. Citigroup plans to lay off about 70 workers throughout the state, after which it will employ 1,430 workers statewide. Pioneer Investments laid off 39 employees, or 6 percent of its staf, during November. The company previously employed 643 workers in Boston.Boston Financial Data Services hasn’t announced how many jobs it plans to cut.
Wednesday, November 19th, 2008
Another company is cutting Boston finance jobs.
Putnam Investments recently fired 12 money managers, according to an article by Bloomberg. The layoffs came after the company’s assets fell 39 percent in the past year. Putnam follows in the footsteps of Fidelity Investments and Janus Capital Group Inc., who have taken steps to save money among the worse stock-market losses since the 1930s.
Putnam, based in Boston, is the asset-management unit of Canadian insurer Great-West Lifeco Inc., which is planning on cutting an additional 35 jobs. This will include 17 job cuts in the company’s quantitative analysis team, as well as a merger of six funds into larger ones. Putnam’s quantitative analysis team will be reduced to nine employees from 26, while the U.S. and international research teams will be merged. The layoffs account for about 2 percent of the company’s 2,500 employees.
Wednesday, October 29th, 2008
Keeping with the national trend, one Massachusetts’ company is cutting Boston finance jobs.
Fidelity Investments recently announced it is considering a plan to reduce its staff as it suffers negative cash flow in its stock mutual funds. According to an article by The Wall Street Journal, layoffs could include as many as 4,000 employees, or about 9 percent of Fidelity’s work force. While other industries in Boston are adding jobs, cuts at Fidelity would affect a number of the company’s units, including its core investment-management branch.
The company is “very stable, and very strong, but certainly these are extraordinary times,” Anne Crowley, spokeswoman for Fidelity, said in the article, adding the company has been reviewing its costs and staffing amid market turmoil.