February 6th ,2012

           After having concluded a few searches thus far in 2011,   we  wish to convey to those on the down side of the employment market  that,  given the right qualifications,  and a degree of employment stability, opportunities have started ever so rarely to re-appear once again.

           Irrespective of the above, we find that  our Derivatives assignments,  following the EU's endeavour in September of last year to properly evaluate and regulate the credit default swap market, are at times delayed given the of lack of  general agreement among the various EU governments when it comes to this segment.  

            The  EU inquiry  [ albeit now  overshadowed by the international political/economic climate] into the business practices of some of the strongest names in banking refocuses attention on the absence of any central control system for an instrument such as the CDS, widely used by most banks.

            In a recent development, 'Interlangue', while committed to the banking market (with emphasis on Treasury) is involved on the theoretical aspects of such via searches granted us in the last few months. We are honoured and shall continue our  efforts in this related  discipline.

            While currently based in Geneva,  Switzerland,  we are conducting the following searches:

                                            2012 APPOINTMENTS **

               NEW:  PROJECT MANAGER FOR GERMAN RESEARCH INSTITUTE

        Our client, in collaboration with an American-based,  similarly oriented Financial Research Institute is commencing work on a 20 month project with a view to exploring the following thesis: " Recent measures in banking on both sides of the Atlantic: FRACTAL IN NATURE OR EVOLUTIONARY?"

        This assignment requires a doctoral educational background, and most importantly, actual banking experience. While theoretical in nature, the work will endeavour to point to actual recent events in banking: for example, are the expense of interbank collateralised lending  or the excessive securitisation fractal? Where does the self similarity begin or end, et al.

       Candidacies from both the US and EU will be considered and our timetable for this assignment is 1 July 2012. While the geographical criteria described will apply, the succesful future Director of this project must have a minimum of twenty years experience, ideally on either coast of the Atlantic.

       The compensation for this assignment cannot be made public, apart from stating that it is  comprehensive.

       Contact: Danelle Dann at 212 687 5050, a US phone number with its equivalency in Geneva, Switzerland.

         NEW:    ADVANCED STUDIES RESEARCH INSTITUTE [ ' THINK TANK' ]

                                  has launched a search for their future

                    CEO/COO   'DIRECTOR GENERAL  OF FINANCE & FORECASTING '

          An appointment rarely made available through our market has been entrusted us.  With German as their main language in  publishing ,  this highly respected European Research Institute  has  its principal interest in the green and renewable energy and the efficacy thereof in conjunction with the free market conditions. The suitable candidate will have an undergraduate degree in physics or mathematics and a PhD in Economics from European universities respectively. Having been published will be viewed most favourably. Furthermore,  adroitness in European politics is highly desirable.

         A minimum of 10 years experience in a senior financial management capacity, preferably not with a bank is desired. Strategic long term thinking will be required.  In as much as  terms  like 'creative' and  'impeccable financial credentials' are  rarely  paired, that is exactly what this search demands. German, French and English are indeed  a 'sine qua non' requirement.

        Compensation will be in the high six middle figures, amounting to a seven  figure end number. A 7 year contract is offered.

         "MANAGING DIRECTOR, ECONOMETRICS"  requires a minimum of 7-10 years experience and an advanced degree in Economics from a prestigious university.  Our client, a supranational European  is able to offer this contract on the 'Kurzarbeit' principle (at the Bank's European Headquarters in Brussels, Belgium).

         The suitable candidate will be in a lead-advisory capacity, interacting both with senior management and other economists. Principally this position offers the opportunity to consider various business/merger options in the market-place and write econometric analyses respectively. Expertise in the field of Industrial Organization and extensive expertise in both qualitative and applicative  microeconomics are of great interest. Compensation will depend upon experience.

        **As a means of general orientation, the above assignments range in compensation between middle to high six figures, may times resulting in annual compensation in  seven figures.

        Inquiries: europa@interlangue.com  or  via New York at (212) 687-5050.

         Having weathered a variety of other storms and having participated in the relatively weak  market  of 2011,  general employment market conditions in European markets  appear  to have improved somewhat.  This is undoubtedly too categorical a statement to make at this time,  in definite contrast with other statements made by  us thus far this year.  Subsequent to the  2008 market conditions,  we are still waiting for any degree of stability in this environment, irrespective of  Dow's touching the12,500 mark once more,  and as of January 's employment numbers, 12, 700.

     "Crucially, BONUSES, much as we had experienced in years past are expected to be moderate to low, thus fully qualifying for what we have always (under such circumstances) called a 'Blue Christmas' "  we had stated in December

.    Interestingly, contrary to  our prediction of limited bonuses, the opposite has happened:  an all time record level in bonus payments (or, announced but yet to be paid) for the Treasury side of banking has been recorded.

      BUT, as we have spent the last thirty-some years in our trading market, we are able to look back and compare this sort of generally lean compensation structures (quite aoart from bonuses)  to previous occasions:  the self similarity is in evidence.  Where the difference lies at this time,  is in the  duration and the very nature of the current expansive crisis situation, whose successful ending is by no means assured.

       Following  other such/similar crises,  inevitably and clearly the causes of the respective "black Fridays" (and the like) appear to  have been corrected. It remains to be seen whether the 2008-and -onward recession with its global implications is in fact reaching its conclusion at this time.

         Below we have listed some of the types of assignments in Foreign Banking we have concluded in the past:

             SPECIALTY  FINANCE : TRADE, COGENERATION OR LEVERAGED FINANCE

             FX and MM (Interest Rate, Derivs)  TRADING

             VICE PRESIDENT MM - PROPRIETARY TRADING

             SENIOR VICE PRESIDENT, RISK CONTROL