UK
Sector: Private Banking / Wealth Management
Philanthropic giving doesn’t create philanthropy jobs
Bill Gates and Sandy Weill are devoting themselves to charitable giving. Does the philanthropic mood spell more jobs for private bankers who help clients give their money away? ‘No,’ say private banking recruiters. Philanthropists may be doling out money to good causes, but in the UK at least private banks aren’t getting much of the [...]
Private banks hiring for the regions
HSBC is recruiting private bankers to work in the regions. It’s not the only one. HSBC has opened private wealth management offices in Birmingham, Cardiff and Leeds, the Telegraph reports today. Rumour has it the bank is also eyeing up expansion in Manchester and Bristol later this year. It’s good news for London-based private bankers [...]
Bank of Scotland adding private bankers
The Bank of Scotland is to recruit up to 60 people for its private banking business. According to the Scotsman, the bank has plans to hire 30 client advisors in London, 15 in Edinburgh, with the remainder in Birmingham, Leeds and Manchester, WealthBriefing.com reports. Bank of Scotland has already hired 40 people in the last [...]
Credit Suisse eyes more expansion
Credit Suisse’s sale of insurance arm Winterthur to AXA will free up funds for expansion in private banking, fund management and investment banking. Is the investment bank about to embark on another hiring spree? Oswald Grubel, chief executive of Credit Suisse, said the bank would expand private banking in North America, fund management in emerging [...]
Hiring Q&A: Citigroup’s private bank
Citigroup is building up its private banking presence in the UK. We asked Charlotte Kramer, head of human resources for global wealth management in Europe, just how many people it’s hiring, and where. Q: How many people are currently employed by Citigroup’s private banking arm? There are around 270 in London and 700 altogether in [...]
Private banks looking for lawyers
Barclays’ has poached a leading City lawyer to head up its newly created wealth advisory business. Is it a sign that wealth advisors are preparing to plunder the legal community for hires? Not quite. But Harry Pilkington, managing director of Armstrong International, a headhunting firm specialising in private wealth management says private banks are partial [...]
Switzerland’s UFJ Bank closes shop
Private banking staff at the Swiss office of Mitsubishi UFJ Financial Group, could soon find themselves out of a job. WealthBriefing.com reports the bank’s Swiss subsidiary, UFJ Bank, is to close down as the bank consolidates its private banking activities in Japan. It’s not clear just how many staff will be affected by the closure.
Charles Stanley hiring in institutional equity sales
UK private client stockbroker Charles Stanley will keep hiring despite a decline in client confidence and recent market volatility. David Howard, chairman of Charles Stanley says the company will be hiring this year, particularly in institutional equity sales, the Financial Times reports. The company will continue to hire managers with a discretionary client base. Howard [...]
Private banks hiring in Eastern Europe
Zurich-based investment bank Vontobel is set to follow Credit Suisse, UBS, Citigroup and Deutsche Bank with a foray into Eastern and Central European wealth management. The group announced that as part of its growth programme, there would be a “clear increase” in the number of relationship managers for Eastern and Central Europe at its Zurich [...]
Dresdner set to expand in private banking
European investment bank Dresdner Kleinwort Wasserstein plans to open a private banking operation in Monaco by the end of the year, and to add further resources to its existing private banking centres in Austria, Luxembourg and the Netherlands. And the bank won’t stop there. Wealthbriefing.com reports that Dresdner plans to more than double the number [...]
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