Sector: Private Banking / Wealth Management

SocGen could be private bankers’ preferred destination in Japan

Societe Generale Private Banking Japan has announced plans to hire more than 10 people between now and the end of 2011. According to a report by Bloomberg, the positions will be predominantly for actual private bankers as the company expands from its current headcount of 120. But there could be difficulties for SocGen and other [...]

By Rob Goss, February 4 2011 • 0 Comments

Private banking: demand rises, talent-supply doesn’t

Now is definitely a good time to be a private banker in Tokyo. With the sector continuing to expand across Asia, it seems most of the domestic and the global private banks are on the hunt for relationship managers. “Private banking is a growth area in Asia and the view is that the Japanese market [...]

By Rob Goss, October 15 2010 • 1 Comment

Will Credit Suisse hire hundreds of private bankers?

Could Credit Suisse be about to go on a hiring rampage in Tokyo? That at least is what Junya Tani, the Japan head of the firm’s private banking business, seems to be planning. Talking to Bloomberg earlier in the month about Credit Suisse’s business plans for the next five years, Tani said he would like [...]

By Rob Goss, July 17 2009 • 0 Comments

Credit Suisse seeks private bankers

The Swiss are bucking the trend. While foreign firms like HSBC have been moving certain functions away from Japan, Credit Suisse has just launched a new private banking operation in Tokyo. The firm’s new services are being provided through its banking entity, Credit Suisse Tokyo Branch, and its securities entity, Credit Suisse Securities, and are [...]

By Rob Goss, May 21 2009 • 1 Comment

Are bankers saying sayonara to Tokyo?

It isn’t just unemployed bankers that are saying sayonara to Japan. Last month, HSBC announced it would relocate its Japanese equity operations to Hong Kong, a move that came shortly after Nomura revealed that its head of global equities and head of investment banking would no longer be working out of Japan. But they aren’t [...]

By Rob Goss, May 7 2009 • 0 Comments

Poaching not popular at private banks in Japan

Credit Suisse has poached someone from UBS to be its new head of private banking in Japan, but taking senior staff from rivals is still rare in this sector. The firm set up a private bank early this month and has appointed Junya Tani from UBS Securities Japan, where he was head of wealth management [...]

By Simon Mortlock, July 24 2008 • 0 Comments

Slow but steady hiring at private banks in Japan

Foreign private banks are still on the hunt for talent in Tokyo, but recruitment levels are too low to offer much hope to redundant i-bankers seeking sanctuary in the sector. Citigroup, UBS and Société Générale are among the most active in the fledging Japanese jobs market, although the scale of their recruitment pales in comparison [...]

By Simon Mortlock, July 10 2008 • 0 Comments

Lehman and Bear to draw blood in Asia?

Will the crisis at Bear Stearns, and Lehman’s plan to axe 5% of its global workforce, mean heads will roll in Asia? Lehman is making no formal comment on the plans but it’s understood that while cuts will be made across all businesses in all regions, the majority of the redundancies will bite in the [...]

By Sarah Butcher, March 17 2008 • 0 Comments