The fortunes of firms operating in the financial markets have changed a lot in the last 6 months, with asset writedowns, quarterly losses and job cuts making life a lot more uncomfortable for many who work in them. We are now in a new world order, as firms that were only recently seen as employers of choice are struggling (and staff are sweating about their futures).
Standard Bank Group is a global bank with African roots. It is South Africa's largest bank, distinguished by its extensive operations in 17 African countries.
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Standard Bank Group has recently appointed Michael Starke, as a research analyst, to the growing Mining and Metals team.
Speculation is already mounting about the firms that are likely to pay the most 'doughnut' bonuses (i.e. nothing) to staff this year-end.
Here's Standard Bank's press release on its recent operational review and the resulting cost cutting.
It's not only bonus payouts financial markets professionals are thinking about at the moment - it's also their job security.