UK
Tag: Relationship Manager
Are there too many old white men working in UK private banking?
As a sector, private banking isn’t really considered a bastion of diversity. Not only is there a still relatively small proportion of women, but UK wealth management is, according to some recruiters, littered with too many fusty, old, white, upper class men. If you’re a relationship manager in wealth management it helps to be able [...]
GUEST COMMENT: I’ve made 400 applications and 5 months later, I still can’t find a job
I’m a Hong Kong permanent resident in my early thirties. I have a UK degree in business and economics, an ACCA at the foundation and certificate stage and a postgraduate certificate in business management & IT. I’ve sent out 400 job applications over the last five months, but I’m still very much unemployed. My last [...]
REVIEW MY CV: Is the reason I can’t find a job that I’m in Portugal, out of work, or a returning mother?
I’ve spent several weeks of applying for jobs in London and contacting executive search agencies and having had hardly any replies. I’m currently in Lisbon, and am trying to work out whether the lack of response is because I’m not in the UK or because my skills and experience are considered irrelevant. Equally, I took [...]
You could always try a Chinese bank
Chinese banks have plans to expand their UK operations. Unfortunately, the vast majority of recruitment is happening at a retail level. There are, however, more interesting opportunities available – and the banks are looking for candidates locally. “Firms like Bank of China are targeting the UK mortgage market and offering more competitive rates than domestic [...]
This is what happens when organisations persist in hiring, increase pay, and have absolutely nothing to show for it
The Financial Times has an interesting article today about private banks. Based on a study by McKinsey, it includes this graphic, showing a nasty increase in European private banks’ cost income ratio (up from 63% to 75% in the past five years) to the highest level in a decade. Source: Mckinsey/FT Addicted to hiring The [...]
There really is a lot of hiring in select areas of prime broking
Prime broking businesses are benefiting from some biggish hires and hiring. HSBC has poached Anthony Bennett, a relationship manager at Goldman Sachs, as head of integration to help it get new clients on board. Bank of America Merrill Lynch has poached Sean Capstick from Deutsche as head of capital intro, JPMorgan has hired a head [...]
Lunchtime Links: Now BNP Paribas is hiring hundreds of fixed income people too
Large French banks appear to have a certain symmetry. Last month, SocGen said it intended to make 600-1,200 hires across its investment bank in 2010, with a focus on fixed income. Today, it transpires that BNP wants to hire lots of fixed income people too. According to Les Echos (via Bloomberg), BNP is intending to [...]
REVIEW MY CV: I work in asset management sales and my business is being sold
I’m currently working for an asset management business which has been put up for sale. I am exploring some internal opportunities, but would ideally like to stay within institutional asset management in a sales and relationship management role, which would mean an external move. I have 8 years experience’, primarily within fixed income. I’d like [...]
Why relationship managers are growing in stature
When KKR announced its dire results earlier this month, (a loss of $1.2bn, AUM down 9%), it was probably no coincidence that it also revealed that it had been hiring people to manage its relationships with investors. Specifically, it said – In order to enhance that dialogue and continue to provide you with industry-leading service, [...]
Ever considered special servicing?
Demand for ‘special servicers’ is rising, and it has absolutely nothing to do with bankers’ alleged marital difficulties. With an increasing number of loans going into default, the special servicers who try to maximize recoveries on non-performing loan and real estate assets, are suddenly hot property. Unlike ‘master servicers’ who can only offer a short [...]
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