HK
Tag: Private Banker
Six crucial steps to becoming a stellar private banker
We speak to Ebru Kapusiz – a woman who has been there, done that, when it comes to private banking. Her career spans more than 15 years and includes stints in asset management, fixed income securities trading, and private banking in Australia, Turkey and Singapore. Most recently she was an associate director at UBS Wealth [...]
Julius Baer-Macquarie marriage means more private banking hiring
Last week, Julius Baer announced it will take over Macquarie’s US$1bn private wealth business in Asia. In exchange, the Swiss bank will refer its clients to Macquarie for their investment banking needs. Julius Baer will take on seven relationship managers from the Australian firm as a result of this new alliance, according to the Financial [...]
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 [...]
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 [...]
Daily Dispatches: “Thanks for the downgrade. You should all be fired.”
Peeved over the US downgrade, this banker hires a plane to fly over Wall Street with a very angry message. (The Sydney Morning Herald) Bank of America’s CEO says he won’t step down and no, Merrill Lynch isn’t for sale. (Bloomberg) Commonwealth Bank posts 22 per cent jump in Q2 profits. (Bloomberg) Global hedge fund [...]
I’ve worked at Deutsche Bank and Goldman Sachs. Now I run a bar. I have no regrets
Singaporean Colin Tay went from banking to beers when he left the financial industry after nine years. Formerly from Deutsche Bank, he now runs two businesses with a partner: Old Empire, a gastro bar, and TSA Wines, a beer and wine distribution company. He speaks to eFinancialCareers about his decision to give up the corporate [...]
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 [...]
HSBC boosts private bank as Asia escapes staff cuts
If you’re one of HSBC’s 296,000 employees, Asia is probably the best place to escape the up to US$3.5bn worth of savings the bank plans to make within the next three years. You’re sitting even safer as a private banker in Singapore because wealth management is a function the firm is trying to bolster. HSBC [...]
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