UK
Tag: Private banking
Coutts is hiring. Be aware that it only wants senior people and may pay a very big base and quite a small bonus
Coutts has let it be known that it’s looking for private bankers. In today’s Financial Times, Michael Morley, chief executive of Coutts UK, elaborates on the bank’s appetite for hiring. Morley says Coutts wants ‘senior executives’ in the UK, the Middle East, Asia, Switzerland and eastern Europe. 20 senior executives have come already, says Morley. [...]
Aggregating salary surveys: how much you might earn in private banking
If investment banking recruitment has stalled, hiring in private banking and fund management has remained fairly resilient. Bank of America might be pulling out of wealth management outside the US, but JPMorgan has been growing. So has RBC. So have: Rothschild Wealth Management, Adam & Co, and Newton. So, how much can you expect [...]
GUEST COMMENT: Why you might want to consider working in a family office
So you want to escape the grind of the corporate world and join the niche environment of the family office? Be aware, that you will have plenty of competition. Family offices are typically small entities built and developed by business entrepreneurs looking for key players that can bring their broad knowledge and expertise. For UHNW [...]
Sectors explained – Wealth Management
Private wealth managers help very rich people manage their money, far away from the prying eyes of the gossip columnists and paparazzi. They fall into two categories. Private bankers Help clients invest their money wisely and avoid any risks that might reduce the value of their assets. They also offer tax and pensions advice, help [...]
Lunchtime Links: People misperceive overconfidence as actual ability
The blog Stumblingandmumbling has come across an interesting research paper on self-confidence. Pointing out that self-confidence is often related to social class and therefore hereditary, it notes that: ‘even small differences in initial confidence can result in diverging patterns of human capital accumulation between otherwise identical individuals,’ and that, ‘a moderate degree of over-confidence can [...]
Everything you need to know about the fantasy joint venture between Credit Suisse and UBS that would annihilate 13,000 jobs
On one level, it all makes sense. By creating an investment banking joint venture of the kind suggested by JPMorgan analyst Kian Abouhossein, Credit Suisse and UBS would be propelled into the top five investment banks globally and achieve an estimated $19.9b in revenues by 2013. The combined banks would: – Be the second large [...]
Exit options involving other six figure jobs
Things are not great in banking. Nor, according to UBS, are they likely to get better soon. “Current market conditions and trading activity are unlikely to improve materially, potentially creating headwinds for growth in revenues and net new money,” said the bank today. This being the case, a lot of people in the industry may [...]
Lunchtime Links: Up to 80% of senior US bankers’ bonuses are now deferred; the delusional pay expectations of back office workers
Morgan Stanley has now joined Goldman Sachs in forewarning its employees that bonuses will be miniscule this year, US institutions are now deferring up to 80% of senior executives’ variable pay, according the Financial Times, yet those in non-revenue generating roles seem wilfully optimistic nonetheless. Robert Walters has just released the findings of its latest [...]
Put your questions to the head of graduate recruitment at the Royal Bank of Scotland
Michael Maddick, head of graduate recruitment at Royal Bank of Scotland has agreed to answer some of your questions and offer some advice as this year’s graduate recruitment season kicks off. We’ve got the ball rolling with the Q&A below, but if you’d like to post your questions in the comment box at the bottom [...]
Tough times: investment bankers are switching to wealth management
In 2009, when investment banks were making thousands of redundancies, wealth management was considered something of a sanctuary from the cuts. We’re not quite back to those bleak times, but in the wake of heavy job cuts, more people are now considering the switch. Both Credit Suisse and UBS have unveiled plans for extensive job [...]
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