CN
Sector: Private Banking / Wealth Management
The inexperienced 20-somethings every bank wants to hire
The life of an athlete isn’t always the glitz, glamour and huge pay days associated with football, the NFL and basketball. Many competing at an elite level do so in sports that offer little financial reward, but still require the same focus, commitment and sacrifice. Career planning can fall by the wayside, but financial services […]
Do you work for a Chelsea or Manchester United style bank?
Regulators are demanding that wealth managers are better qualified, but private banks are still attracted by star quality, rather than building from the bottom up. Despite all the talk of a skills-shortage in Asia, which resulted in private banks hiring in hairdressers, there’s a dearth of talented wealth managers between 30-40 years old able to […]
Coutts hiring in London, Dubai and Geneva
Michael Dismorr gives every impression of being a globe-trotting banker. He’s from Zimbabwe, and has worked in Switzerland, Sweden, Saudi Arabia, the UK, the US and now Dubai. Had he not turned down a job in New York to stay in Geneva, he would never have made the switch from asset management to private banking. […]
Credit Suisse snaps up top Gulf private banker
Credit Suisse may be losing investment bankers in the Middle East, but it’s succeeded in poaching a senior private banker in Bahrain. Rabih Demashkieh is set to join Credit Suisse this month, as a director in its Bahraini private bank, having previously worked as a principal in the investment placement team of investment bank, Arcapita. […]
The sorry plight of job-hopping private bankers in the Gulf
Wealth managers in the Middle East have gone from being the hottest property in town to suddenly finding themselves on the streets as international private banks have pulled back from the region. During the boom years, private bankers were headhunted for ever-more lavish pay as an increasing number of banks chased a limited supply of […]
Switzerland’s financial centre may profit from the chaos in Cyprus
For many rich people from emerging markets their investments in Cyprus may seem like pretty bad business. With its low taxes, high yields and weak anti-money laundering rules, the country attracted a considerable amount of money; Moody’s estimates that $31bn alone came from Russian investors. Although many details aren’t still clear, most clients with more […]
Layoffs Coming at SocGen?
Societe Generale reported a larger-than-expected fourth quarter loss of 476 million euros and said it would reorganize around three businesses: retail banking in France, retail banking and financial services internationally and CIB, private banking and asset management. The bank didn’t say whether its restructuring would involve job losses, however, the head of retail banking in […]
More private bankers needed in Asia this year, says Coutts’ China head
As Asian private wealth continues to grow, we speak with Hong Kong-based Andrew Sum, head of greater China at Coutts – the man helping to spearhead the bank’s drive into a fiercely competitive private-banking market. Coutts and its global rivals are battling to win the wallets of wealthy Asians. And with good reason: In the […]
Bored with Winter? Head to Jobs in These Four Sunny Locales
It’s winter in London and New York, which makes it time to think about ditching the grey drudgery of life in the Northern Hemisphere and consider moving to a market that is both expanding and sunny the majority of the time. Is this really feasible? We’ve identified four financial centres that are open to foreign […]
Chinese banks constrain their hiring as profits fall
Profits at big Chinese banks are in decline and firms are being more selective about recruitment, but they are still seen as providing stable careers. Here’s a quick summary of what you should know: The total earnings of China’s five biggest banks – Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank […]
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