Tag: Wealth Management

Morgan Stanley: These are three questions we’ll ask during interview, and the answers we want to hear

Any job interview is the perfect chance for you to sell yourself to a potential employer, but many questions give you as much opportunity to slip up as they do to shine. If you’re applying to an investment operations role in Scotland, here are three types of interview questions you’ll encounter, and my guide to [...]

By Stephen Barclay, 25 October 2011 • 0 comments

The slightly unappealing jobs still coming out of Anglo

Anglo Irish Bank is making 350 redundancies, 130 of which will be in the Republic. To say this was always on the cards would be an understatement, but – despite the downsizing – there are still opportunities at the bank should you be interested A spokesperson for Anglo wasn’t able to provide us with any [...]

By Paul Clarke, 18 August 2011 • 2 comments

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 [...]

By Paul Clarke, 12 July 2011 • 0 comments

Pay slides at Goldman Sachs’ Irish subsidiary…to just €140k

Everyone it Ireland, it seems, is feeling the pinch currently even those working for the traditionally well-paying Goldman Sachs. Still, with an average remuneration of over $202k (€140k), there are worse places to be. Goldman Sachs Bank (Europe) Plc posted a pre-tax profit of $58m for 2010, which is a 34% decline on the $86.7m [...]

By Paul Clarke, 10 May 2011 • 1 comment

There are STILL opportunities at Anglo

Kick-starting what has already been dubbed ‘Black Thursday’ before the results of the stress tests have been published is Anglo Irish Bank, which confirmed a €17.7bn loss for 2010. In amongst its 180-page annual report are, obviously, slightly disconcerting statements related to job prospects. Headcount is down by 16% year-on-year after the redundancies in early [...]

By Paul Clarke, 31 March 2011 • 0 comments

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 [...]

By Paul Clarke, 10 March 2011 • 0 comments

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 [...]

By Paul Clarke, 15 February 2011 • 5 comments

Five countries which would gladly accept applications from Irish financial services professionals

It’s official: Ireland’s emigration problems are worse than during the 1980s. An unprecedented 1,000 people are leaving every week, and a net 100,000 people are tipped by the Economic and Social Research Institute to have left the Emerald Isle by 2012. Among these are likely to be the new legions of unemployed coming out of [...]

By Paul Clarke, 27 January 2011 • 0 comments

GUEST COMMENT: The regulator is right to demand better training

Among the many damning assertions put forward by the Central Bank and Financial Regulator during its recent deconstruction of Ireland’s banking crisis was the need to better train financial services employees. Sales staff and financial advisers, in particular, have been singled out for criticism. Pressurised short-term targets created mis-selling of financial products, and the correct [...]

By Greg O'Hanlon, 3 August 2010 • 0 comments

Bonuses may not be on the cards until 2011

Around 65% of financial services firms in Ireland are not planning on handing out bonuses this year, and it may be 2011 before discretionary payments are back on the agenda again. The latest salary survey by Irish recruiters Brightwater reflects what has been an incredibly difficult year for the financial services industry. Pay offered to [...]

By Paul Clarke, 5 January 2010 • 1 comment