IE
Sector: Private Banking / Wealth Management
New signs of life in Irish wealth management recruitment
Despite Ireland’s economic woes, the amount of wealth in the country is still on the increase. While there are still examples of private banks cutting staff, a large number of firms remain open to hiring. There are were 19,000 high net worth individuals in Ireland at the end of 2010, which is a 5% uplift [...]
Ireland’s wealth managers should look to work for a boutique
With Ireland’s traditional mainstay of large wealth managers languishing, smaller boutique players are benefitting and grabbing a larger slice of the market. Not surprisingly, they’re becoming increasingly desirable places to work. Brewin Dolphin’s decision to spend nearly €36m on acquiring Irish wealth manager, Tilman Asset Management has created a lot of headlines, not least because [...]
The harsh new reality of the Irish financial services hiring landscape
This is slightly strange; despite an increase in financial services vacancies of around 35% on this time last year, there’s been a sharp drop in the number of candidates looking for work. The reason for this seems to be that financial services firms in Ireland are looking after those people they want to keep in [...]
Ulster Bank high-net-worth sales force moves to servicing the man-on-the-street
In another indication of the dwindling demand for private banking services in Ireland, Ulster Bank Wealth has transferred its entire sales team across to its Financial Planning business. Ulster Bank Wealth is, rather obviously, targeted at high net worth individuals, an exclusive club whose membership swelled during the Celtic Tiger years. As part of the [...]
This is not a good time for private bankers to face redundancy
Anglo Irish Bank has to sell its wealth management division by the end of March and, assuming it finds a buyer, it seems likely that there will be some jobs fallout. Unfortunately, this is not a good time for Irish private bankers to be looking for work. The attrition rate at Anglo Irish wealth management [...]
Irish banks WILL have to tighten up pay practices, and big bonuses are only for the select few
For most staff working in Irish banks, bonuses seem like a distant memory. But, according to a scathing new report from the Central Bank, banks are still offering signing on bonuses, guarantees and golden parachutes. The Central Bank’s report was attempting to shed some light on whether the pay practices employed by Irish banks in [...]
Raising Ireland’s corporation tax would stem inward investment and economic recovery
Any increase in Ireland’s 12.5% corporation tax, a long-standing carrot to inward investment and – ultimately – job creation, would have to be forced on the country by the powers that be in the EU. At the time of writing, the European Central Bank was upping the pressure on Ireland to accept an EU/IMF bailout, [...]
Nearly $250k to work for Goldman Sachs in Ireland?
Goldman Sachs’ Irish operation doesn’t exactly hog the limelight in the same way as its UK and US peers (particularly at the moment), but 2009 was a bumper year for the firm. It also appears to be a very lucrative place to work. Profits at Goldman Sachs Bank (Europe) Plc were $86.7m (€66.7m) in 2009, [...]
The unappealing prospect of working for a (nearly) nationalised bank
Depending on your perspective, today is either D-day or a potential apocalypse for the Irish banking sector. The government is to unveil new capital requirements for Irish banks as it officially transfers bad property loans across to NAMA, and is expected to reveal further nationalisation in the sector. Sadly, this looks like being very bad [...]
Ireland’s stockbrokers open to recruitment once again
When things started looking a little shaky in Irelands’ financial services industry last summer, the large domestic stockbroking firms were among the first to announce redundancies. But, after a period of retrenchment, there are signs they’re looking to grow once again. NCB Stockbrokers are on the hunt for equity analysts in both Dublin and London [...]
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