UK
Company: Boston Consulting Group
The rise of nearshoring, the drag of regulation and other conclusions from BCG’s report into investment banks’ IT priorities
Management consultants are producing more and more reports about what the future holds for investment banking and advising firms on how to take their business model forward. As we’ve mentioned previously, this largely comprises theories on downsizing and cutting pay, but when it comes to IT, the consensus is that spend is only going to [...]
Fewer people must get promoted and other things Boston Consulting is saying about the future of investment banking
Management consultants make a lot of money out of banks. McKinsey & Co are said to have been all over RBS and responsible for the closure of its equities and investment banking businesses. Boston Consulting, on the other hand, is said to be favoured by HSBC, and was behind the bank’s plan to remove all [...]
A simple test that will tell you whether you are going to lose your job
Rare is the bank that is not undergoing some sort of cost cutting procedure in the current market. Credit Suisse, Barclays, HSBC, Nomura, UBS and even Deutsche (which purports to be seizing market share and seems to be hiring) are in the grips of efficiency programmes aimed at driving down costs. Some are doing so with the [...]
Does wealth management still need to attract a higher proportion of women?
Wealthy women are not happy with the service provided by their private bankers, with the majority feeling like “second class clients”, according to a new survey. In this (still) largely male-dominated industry, should firms be looking to increase their female staff base? A survey by Boston Consulting Group says that 55% of women felt their [...]
Interesting insights regarding banker burnout
If you’re facing a weekend at work and don’t feel particularly great about that prospect, you can console yourself with the fact that life is just as bad in consulting. A recent issue of the MIT student magazine details one consultant’s nightmare working for Boston Consulting Group in Dubai. “What I learned,” he writes, “is [...]
Wealth management: global trends
The rich, as they say, will always get richer. And helping them achieve this is the army of wealth managers around the world, whose assets under management (AuM) continue to swell in spite of turbulent market conditions. Last year was the sixth year of straight growth for wealth managers, with assets under management swelling by [...]
Guest comment: Making it with a Masters in Finance
Is it worth doing a Masters in Finance? Lukas Gresnigt, a student at the London Business School, thinks so. After a science and an engineering degree in chemistry, I joined the Boston Consulting Group as an associate consultant, followed by a brief internet adventure. My last employer before I started the Masters in Finance degree [...]
Relationship manager bottleneck worldwide in 2006: Guest comment
Recent announcements of recruitment ambitions across the globe at major private banks should ring alarm bells to the industry instead of New Year’s bells to headhunters. For wealth managers looking to make a move, however, 2006 could prove a profitable year. Credit Suisse, UBS, BNP Paribas, SG Private Banking, US Trust, Bank of America, Morgan [...]
Recruiting is on the rise at many top b-schools
Investment banks and consulting firms, in particular, are recruiting MBA students more aggressively as they forecast an increase in MBA hires. They are sending more top-level executives to campus to woo students and are offering better pay. Although the economy remains skittish, after years of slim or no hiring, firms are beginning to recharge their [...]
Lombard Odier fires 34 from London unit
Lombard has axed 34 jobs in London following its decision to centralise equity operations in Geneva. The change follows poor performance for some UK-based equity products and the departure of several UK managers last year. Lombard will make four managers redundant as well as two executives in risk control. Its London-based share dealing operation is [...]
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