HK
Sector: Private Banking / Wealth Management
Here’s a family-friendly career path in Asian wealth management for you to consider…
Family offices in Asia aren’t yet a massive phenomenon. Of the 6,000 or so offices globally, only 500 are based in this region, reported The New York Times earlier this month. But these offices are certainly expanding and so are their staffing needs. Several banks – HSBC, Credit Suisse, UBS and Citigroup – have all [...]
Candidate Blog: I’ve served my time in the Middle East; take me back to Asia
The financial world is ablaze again at the moment – market turmoil, downgrading, interest rates. Chaotic for all in working the industry. But haven’t there been enough market dips in the last three years? I was living and working in Asia in 2008 at the time of the most recent major crash. Life was good. [...]
GUEST COMMENT: Private banking should be more than harvesting clients’ assets
I’ve worked in private banking for over 20 years across many different countries, but despite being based in the UAE for the last eight years, I am constantly astounded by the limited strategy put out by the banks hiring here. You can be a seasoned banker with an MBA under your belt, but the first [...]
Banker at the Top: Q&A with DBS’s Tan Su Shan, managing director and group head, wealth management
Q: Was banking what you always envisioned yourself doing? Why did you choose to go into wealth management? A: In my second year at Oxford University [Tan graduated with a Masters of Arts], I did a summer internship in London with Rothschild and visited the dealing room at Barings Securities. I was 19 and fell [...]
Hard hiring truths of being a small fry in the Asian private banking scrum
Every bank wants a slice of the Asian wealth pie and many are recruiting in the region, especially the Swiss, it seems. We’ve all heard about how Swiss private banks – ranging from UBS, Credit Suisse, Julius Baer, Sarasin, Pictet, BSI, and Border & Cie – are eager to grow their Asian business this year. [...]
Playing golf even though they hate it and other ways private bankers try to match the lifestyles of the rich
It’s perfectly possible to spot good private bankers within the first few minutes of meeting them – sometimes even before they utter a word. As superficial as it sounds, successful relationship managers are often highly visible. When headhunter Shearer Liu meets private bankers for the first time, everything the candidate says or does sheds insight [...]
Guest Comment: Move over private bankers, you aren’t the only people private banks are hiring – witness the quiet rise of the investment counsellor
The private banker has always been the centre of attention in wealth management. Commonly touted as their clients’ trusted advisor, private bankers – especially the highly skilled and experienced ones – are in extremely short supply in Asia and are courted by every major private bank and headhunter. However, more recently, another group of professionals [...]
The top five reasons why you should join a Chinese private bank in Singapore
An anonymous source has told us that a Chinese bank, already operational in Singapore, would be launching a new private banking arm later this year. Our source declined to reveal the bank’s name. However, we do know that at least one other mainland firm, Citic Bank International, earlier announced intentions to start its private banking [...]
What it’s really like being a UBS client advisor
Gwenaelle Vanhoutte is a Singapore-based client advisor who graduated from the UBS Associate Programme in 2007. She has a Masters in Business Administration and Technology from the ICHEC Brussels Management School in Belgium (Brussels). Why did you choose wealth management? I chose wealth management because it is a fast growing, exciting and challenging industry. Today, [...]
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 [...]
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