J P Morgan

Global Banking Brain Drain Slowing

Brain drain - in this case meaning the loss of valuable human capital - is one of those silent malignancies in an organization that is difficult to measure, and the impacts from which are typically not realized until the damage has already been done. With the global banking sector - and its constituent business segments, from retail banking to wealth management to capital markets - still in the midst of unprecedented and persistent transformation, the risk of ongoing losses of intellectual capital and corporate memory that leave via the elevator each day is still quite high - or, at least, it is perceived to be so. (The knock-on effects to the supply chain are notable here, as well.) It is largely for this reason that we have been monitoring and measuring various headcount-dependent metrics in the financial services ecosystem: Interesting and telling on a per-company basis, fascinating and illuminating of broader trends on a composite basis. The former being a weaker intelligence signal, the latter being a much stronger signal. So, here's [...]

By | 2017-05-31T19:34:12+00:00 June 1st, 2017|Alphacution Feed|

Welcome Back to 2006: Top #InvestmentBanking Headcount Roundtrip

Well, it would have been the Top 10 investment banks, but @Barclays doesn't publish quarterly headcount for some reason. Maybe they will help us fix that. Anyway, for the Top 9 investment banks, total headcount is down 13% from its peak in Q3 2011. And, with at least 2 of the 9 - @Deutsche Bank and @CreditSuisse - reporting significant headcount reductions for the road ahead as part their year-end 2016 financial releases and 2017 guidance, it's not much of a stretch for us to predict that the Wonkavator is highly likely to travel further back in time than year-end 2006 (see below). I just want to let this picture dangle for a bit without much comment. We will be revisiting and significantly expanding this analysis in the weeks and months ahead as we roll into the development of our 2nd Annual Global Bank Technology Spending study. Stay tuned...

By | 2017-04-28T09:47:09+00:00 March 2nd, 2017|Alphacution Feed|

Dodd-Frank in Douchebagistan (During the Age of Radical Innovation)

Here's an Inauguration Day rant for you: They hadn't even finished counting the ballots for the new POTUS when, on November 10, 2016, one of the great poster-children for modern-day douchebaggery, Alan Greenspan (@realGREENSPAN)  said to CNBC "I'd love to see Dodd-Frank disappear; a "disastrous mistake." Hasn't this guy figured out that he is way past his sell-by date? Anyway, just bookmark the timing of that statement while I set up today's metaphor: Roll back the clock a few decades to the early 1980's - height of the Reagan days - when those in the halls of power concluded that they could sell increasing levels of consumption to more of the masses (the "American Dream) by helping them lever their assets. The federal government played the game, too - of course. This was the real-life birth of the Avengers Initiative. Collectively, we The People, asked (or allowed) our representatives in capitol buildings across the land to help make it easier for banks to engage in financial engineering so that people on Main St. could consume more fancy stuff with [...]

By | 2017-04-28T09:40:52+00:00 January 20th, 2017|Alphacution Feed|

#Transformation and TCO | Numerix Video Blog Series

Understanding FinTech #Transformation:  In this FOURTH of a five part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the concept of #Transformation. Jim and Paul provide their perspectives on the latest examples of transformation they’re observing in the financial services industry specifically around the cross section of IT spending trends, software vs hardware investment, human capital expense, IT infrastructure, data management and risk analytics innovations. The five segments cover: Defining #Transformation within Financial Services Quantifying #Transformation The Cost of #Transformation #Transformation and TCO: Hewlett Packard Enterprise & Deutsche Bank Case Study Investing in #Transformation: What’s the ROI? Video 4: #Transformation and TCO: Hewlett Packard Enterprise & Deutsche Bank Case Study Jim Jockle (Host): Hi, welcome back to Numerix video blog, I'm your host Jim Jockle. Joining me today, Paul Rowady Director of Research at Alphacution. Hey Paul. Paul Rowady (Guest): Thanks, Jim. Good to be here. Jockle:  Continuing our conversation on quantifying transformation. So we’ve talked about the [...]

By | 2016-12-10T21:31:21+00:00 May 10th, 2016|Alphacution Feed|

The Cost of #Transformation | Numerix Video Blog Series

Understanding FinTech #Transformation: In this THIRD of a five part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the concept of #Transformation. Jim and Paul provide their perspectives on the latest examples of transformation they’re observing in the financial services industry specifically around the cross section of IT spending trends, software vs hardware investment, human capital expense, IT infrastructure, data management and risk analytics innovations. The five segments cover: Defining #Transformation within Financial Services Quantifying #Transformation The Cost of #Transformation #Transformation and TCO: Hewlett Packard Enterprise & Deutsche Bank Case Study Investing in #Transformation: What’s the ROI? Video 3: The Cost of #Transformation  Jim Jockle (Host): Hi, welcome back to Numerix video blog, I'm your host Jim Jockle with Paul Rowady Director of Research at Alphacution Research.  Paul Rowady (Guest): Thanks, Jim.  Jockle: Paul, we’ve been talking about the spend and the investment, Software, Hardware, Opportunities, as it relates to infrastructure as a service, so let’s talk about [...]

By | 2016-12-10T21:30:49+00:00 May 3rd, 2016|Alphacution Feed|

Quantifying #Transformation | Numerix Video Blog Series

Understanding FinTech #Transformation: In this SECOND of a five part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the concept of #Transformation. Jim and Paul provide their perspectives on the latest examples of transformation they’re observing in the financial services industry specifically around the cross section of IT spending trends, software vs hardware investment, human capital expense, IT infrastructure, data management and risk analytics innovations. The five segments cover: Defining #Transformation within Financial Services Quantifying #Transformation The Cost of #Transformation #Transformation and TCO: Hewlett Packard Enterprise & Deutsche Bank Case Study Investing in #Transformation: What’s the ROI? Video 2: Quantifying #Transformation Jim: Hi welcome to the Numerix Video Blog I’m your host Jim Jockle. Joining me today continuing our conversation “Quantifying Transformation” Paul Rowady, director of research at Alphacution. Paul, welcome back. Paul: Thank you Jim. Jim: We started the conversation as it relates to the definitions of transformations and some of the work you’re been doing – [...]

By | 2016-12-10T21:30:20+00:00 April 26th, 2016|Alphacution Feed|