HK
Company: Boston Consulting Group
Margins are under pressure but private banks won’t cut pay
We have heard the refrain that private bankers in Asia are extremely sought after, with many firms willing to give an arm and a leg for top talent. In today’s current active market, good relationship managers can land a 20 to 40 per cent salary increases when switching firms, say recruiters. But are the good [...]
View from the Top: crimes of convergence
In the latest installment of his regular “View from the Top” series, our columnist examines the chaos of convergence, the dawning of divergence, and how the latter is making banking a less specialised profession. The author is a senior banker based in Singapore, with three decades in commercial and investment banking at major international firms. [...]
Relationship manager bottleneck worldwide in 2006: Guest comment
Recent announcements of recruitment ambitions across the globe at major private banks should ring alarm bells to the industry instead of New Year’s bells to headhunters. For wealth managers looking to make a move, however, 2006 could prove a profitable year. Credit Suisse, UBS, BNP Paribas, SG Private Banking, US Trust, Bank of America, Morgan [...]
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