HK
Tag: Private banking
Sectors explained – Wealth Management
Private wealth managers help very rich people manage their money, far away from the prying eyes of the gossip columnists and paparazzi. They fall into two categories. Private bankers Help clients invest their money wisely and avoid any risks that might reduce the value of their assets. They also offer tax and pensions advice, help [...]
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 [...]
Daily Dispatches: Senior hires at Julius Baer
Frank Keller will become the new chief financial officer Asia for Julius Baer, while Tobias Murer takes up the role of chief operating officer in Hong Kong – just as private banking competition is heating up. (Finance Asia) China property dip sparks bank fears. (Financial Times) The Australian Labor party will defer a tax cut [...]
Seven steps to secure an interview before Christmas
Job hunting in this market takes a little extra effort. Here’s how to stand out. 1) Banking is changing – so should you Many firms are currently looking for people who have business knowledge and good change- or project-management skills, says Kyle Blockley, director, KS Consulting. Banks are exploring ways of cutting costs and streamlining [...]
Daily Dispatches: Ban bonuses, says Black Swan author
I have a solution for the problem of bankers who take risks that threaten the general public: Eliminate bonuses. (Bloomberg) Commonwealth Bank says its funding costs could rise as the European debt crisis and concerns over the health of the US economy challenge credit markets. (
Daily Dispatches: Analysts urge more layoffs at Macquarie as headcount is still “too high”
Despite slashing 468 jobs over the past six months, UBS analyst Jonathan Mott said: “Macquarie had not done enough and more job cuts were required.” (The Australian) China makes its biggest reorganization of finance officials in a decade, moving new people to head its banking, securities and insurance watchdogs. (Bloomberg) India’s i-banks are facing dreary [...]
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 [...]
Been fired? A Heidrick & Struggles Hong Kong headhunter is here to help
Unlike hiring announcements, layoffs are never huge PR exercises for financial firms. But although cuts in Asia haven’t been massive (so far), at least compared with in the US and Europe, firing is indeed going on steadily and stealthily. If you’ve been unfortunately let go, here’s some sound advice from Hong-Kong based headhunter Marie Quismorio [...]
Daily Dispatches: Julius Baer and Macquarie to marry in Asia
It’s a tough private banking world in Asia. Just look at Julius Baer’s take over of Macquarie’s private wealth business this week. One banker tells the FT: “There are too many private banks here now. Eventually, some will have to close down.” (Financial Times) Still, it’s not all gloomy. Asia’s top-20 private banks have increased [...]
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