TOP STORIES

GUEST COMMENT: I left banking to become a professional tennis coach, and now I want to go back


COMMENTS

Good luck although it can't be that bad if you are working at the Atlantis. Why not just open a margin account and still trade? if you are as good as you say you are, you could do reasonably well and keep with the market/  Read all comments »

This is my story. It was only four months ago, I was looking at multiple computer screens, in the largest dealing room in New Zealand, trading the largest credit trading book in New Zealand, managing the largest fixed-income sales accounts in the country and running a proprietary trading book. My new office is the tennis courts of a top hotel in Dubai. I’ve voluntarily swapped the computer and tie for a tennis racket and tan, temporarily.

I started playing tennis at a young age and competing seriously by the age of 11. All my hard work paid off and I was selected as part of a three man New Zealand under 18 tennis team. It was my dream to see how far I could get in tennis, so decided a tennis scholarship in the USA was my best option. Given my ranking, I was courted by a number of schools and finally decided to attend University of Portland, Oregon – studying business, majoring in finance. I thoroughly enjoyed my time in Portland. At times it was tough – balancing five hours of tennis training a day, classes, homework, social life and missing approximately 30% of school days due to travelling and playing tournaments. I learned a lot about myself.

Whilst the principal reason for attending the University of Portland was for the Tennis Scholarship, during my senior year I was drawn to financial markets. I signed up for a margin trading account, read books, and began compiling a 200 page plus booklet with my own personal technical analysis, analysis on why I entered trades/exited trades and my future predictions.

I applied for the financial markets graduate programme at an international bank, armed with my booklet and was accepted. I worked in Wellington for approximately three years. During this time I worked as an interest rate dealer, credit trader, credit sales dealer and ran a proprietary trading book. Over my time, I excelled at my job and developed a strong financial track record. I believe the discipline that I learned in the USA, and my competitive sporting background gave me the edge in the workplace.

I resigned from the bank in May and relocated to Dubai

However, earlier this year I was given an opportunity that was to good to pass up. I was offered the chance to be a professional tennis coach at a major hotel based in Dubai. The timing was ideal, I resigned from the bank in May and relocated here.

So far, my impression of Dubai is mixed. It’s like the computer game Sim City, where a select few are designing their fantasy metropolis. The flipside is that there’s a huge division in wealth. There are the rich; there are the very poor. The poor wear identical pyjama-like suits, work in extreme heat, crammed into housing in the desert, and are paid very poorly.

Dubai has been hit hard by the global slowdown. Talking to a client who is a leading architect here, he believes new building projects has slowed down by approximately 80% on eighteen months ago. The landscape is living proof of this: it looks like a non-stop construction site as far as the eye can see. The projects which have been finished are absolutely amazing. The Palm, various hotels, Dubai mall and the world's tallest building - the Burj Dubai are beyond the imagination. To enjoy yourself in Dubai you need to be on the right side of the coin - you either love it, or you hate it.

I’m excited at the prospect of returning to a banking role. I really enjoy the aspect of being "plugged in" to global current events, and the diverse range of views that are debated on a daily basis from anything ranging from the US 2s/10s curve to the latest technology in golf drivers. Coaching tennis in Dubai is a great lifestyle, but I do not see it as a long term career. I am using it to gain international experience while giving me the flexibility and selectivity to plan my next move in banking.

To continue my career in the financial markets arena, my next aim is to work in a major financial hub. I’m actively looking for employment in a trading-sales role in financial markets. If anyone is interested in reviewing my CV or talking to me further you can contact me at jimredbanker@gmail.com.

COMMENTS

GG, Equities,  Tue 13 Oct 09

I reached the line "New Zealand" and might as well have stopped reading.  You are going to get roasted on this site.  There are a lot of talented unemployed UK resident traders that will not want to see you get a job in London. 

Unfortunately the mindset of the ppl who you will be trying to win over to employ you will be much the same.

Add your comment »

TraderFX, Trading,  Tue 13 Oct 09

Good luck although it can't be that bad if you are working at one of Duba's top hotels.
Why not just open a margin account and still trade?
if you are as good as you say you are, you could do reasonably well and keep with the market/

Add your comment »

xxx, Capital Markets,  Tue 13 Oct 09

NZ - its not really a financial market is it....

Add your comment »

AutonCapMark, Sales & Marketing,  Tue 13 Oct 09

Go fetch my latte

Add your comment »

Egghead, Asset Management,  Tue 13 Oct 09

Don't knock the Kiwis.  Ok, it's not the centre of the financial world, but there are some talented people there.  Four months out of the market is not long by recent standards, but GG has a point, in that the competition will be fierce.  All the big Aus banks have decent sized offices in London, so you might want to try them first...

Add your comment »

max1, Trading,  Tue 13 Oct 09

dude next time you want anyone to read your story make it 10 lines max, some of us still have to make a living, people whos opinion you want dont have the time to go through all this

Add your comment »

JK, Sales & Marketing,  Tue 13 Oct 09

I think Kiwis are great. I'm an Australian and have met many successful Kiwis. Sounds like you are a very motivated person and have the brains to get where you want to go. I think Aus banks in London is a great idea, that should be your first port of call. You could also use your US experience and apply for US banks in London or NY too.

Good Luck

Add your comment »

SR, Equities,  Tue 13 Oct 09

My friend, you just need to play up your international experience and go for it. with your experience in credit and having lived in the US, Mid East and Oz/Nz you'll know a lot about how the world works. As a semi-pro sportsman you know you just have to take the knocks and keep bouncing back. The hardest question to answer will be "how can you prove you will be committed to us when you had it all and gave it up to play tennis?"

Add your comment »

Dubaipro, Trading,  Tue 13 Oct 09

I trade prop fixed income in Dubai, moved from London after 5yrs trading there sick of tax and rain, why don't you keep doing the tennis training dump some cash down and rent a desk to trade.

Add your comment »

Tom, Information Technology,  Tue 13 Oct 09

Glad that you had the courage to live "your dream" and take a break and do something that "feels good". Personally, I would hire you over others just because 1. You dared to try something new. 2. You probably have a bit of distance and maybe you developed a few new ideas too. 3. You are well rested. Good on you. Well done.

Add your comment »
< Prev   1, 2, 3   Next >

ADD YOUR COMMENT

* Mandatory fields
Your name
Your field
Your Comment*
You have 1200 characters left
Image verification* ( What is this? )
Enter the code shown below or Sign in / Register to skip this step.
Disclaimer: All comments must adhere to eFinancialCareers Ltd’s Add your comment rules.
To complain about a comment, please email editor@efinancialcareers.com.
Careers Home  |   My eFinancialCareers  |   Find a Job  |   Post Resume
Search by Company  |   News & Advice  |   Search Resumes  |   Post a Job 
Career Center Career Center
  Job Seekers Sign in / Register Recruiter's Sign-in
18b, rue du Gothard, P.O. Box 325, 1225 Chêne-Bourg / Switzerland
Tel.:+41 22/860 2103, Fax:+41 22/860 2115, E-mail:info@sfoa.org