Breaking into the Buy-side: A Conversation with Recruiter Bill Vlaad

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This article first appeared in TOUCHPOINT.By Andrew Seale. TOUCHPOINT: Tell us the ideal candidate – who’s the private equity stream after? Bill Vlaad: The private equity stream is looking for the person that is ultra-focused on this career path, the one that is the gold medalist at your school, the one who professors know in the finance […]

RBC’s head of Canadian research leaves for TD

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This article first appeared in The Globe and Mail.By Jameson Berkow Andre-Philippe Hardy has returned to the bank where his career began. After nearly 17 years at Royal Bank of Canada RY-T -1.17%decrease, most recently as head of Canadian and Asia-Pacific research, Mr. Hardy rejoined Toronto-Dominion Bank TD-T -1.24%decrease earlier this month as head of Canadian research. His new responsibilities are […]

Bank Bonuses Climb 9% in Canada, at Odds With Bay Street Blues

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This article first appeared in BNN Bloomberg.By Christine Dobby Canada’s largest banks set aside 9% more on average for bonuses in fiscal 2023 than they did a year earlier, with increases at all six companies despite a broadly disappointing year for dealmaking.   That increase is somewhat at odds with the mood on Bay Street, according […]

Big Six banks boosted year-end bonus payments across the board

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This article first appeared in The Globe and Mail.By Stefanie Marotta and Jameson Berkow Half of Canada’s six biggest banks reported higher profits for their 2023 fiscal year and half saw profits sink, but year-end bonus payments were consistent: They were boosted across the board. While the increase in performance-based compensation varied widely from as low as 0.2 […]

Wave of job cuts ‘probably just the beginning’ at Canadian banks

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This article first appeared in BNN Bloomberg.By Christine Dobby Canadian banks have resumed cutting jobs after a three-year hiatus, with lenders and investment banks so far dismissing at least 6,000 workers, and analysts predicting more to come as revenue remains under pressure. Bank of Nova Scotia, Royal Bank of Canada and Bank of Montreal all disclosed […]

Canada’s banks quietly shedding jobs as recruiters warn of rampant overhiring in recent years

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This article first appeared in The Globe and Mail.By Jameson Berkow and Stefanie Marotta. Slowly but steadily, Bay Street is slashing jobs. Royal Bank of Canada RY-T +0.16%increase chief executive Dave McKay all but announced imminent layoffs in May, when he acknowledged in a conference call with analysts that the bank had “overshot” hiring by “thousands of people.” […]