UK
Tag: Wealth Management
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. [...]
A Global Industry
The diversity of roles within the financial sector is matched only by the wide range of expertise in countries across the globe. We examine the key strengths of each region. Europe, Middle East & Africa (EMEA) It’s easy to see why, despite recent wobbles, London remains the top global financial centre. It has the largest [...]
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 [...]
Everything you need to know about JPMorgan’s investment banking predictions for 2012
Is 2012 really going to be worse than 2011? If you lose your job in a bank now, will you really be able to get another one, without going into asset management? JPMorgan analyst Kian Abouhossein and the bank’s fourteen person equity research team have produced a detailed report on the European banking outlook for [...]
Lunchtime Links: Banks’ unprofitable expansion in Asia; the MBA with the 434k hedge fund starting salary
We’ve suggested before that all this expansion in Asia might not be good for banks’ bottom lines. Now RBS has confirmed our suspicions – for wealth management at least. The bank has declared its intention of adding relationship managers to the 550 people it employs in Singapore, Hong Kong and India next year – even [...]
Can you save yourself by reinventing yourself as an independent financial advisor?
As jobs evaporate and opportunities for instant reemployment dwindle, there is hope. Maybe you could become an independent financial advisor offering investment advice directly to retail clients. The IFA industry is in the grips of the revolutionary effects of the Retail Distribution Review, which says both that the fee structure in the sector must change [...]
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: Even after bludgeoning its fixed income division, UBS may only remove 11% of its staff
Until UBS divulges its true intentions at its investor day on November 17th, speculation about the future of its investment bank is precisely that. UBS investment bankers may therefore want to ignore two reports about their future which are out today, one pleasant, one not. On one hand, the Wall Street Journal says Sergio Ermotti [...]
Morgan Stanley Wealth Management: These are the questions we’ll ask during interview, and these are the answers we want to hear
Any job interview is the perfect chance for you to sell yourself to a potential employer, but many questions give you as much opportunity to slip up as they do to shine. If you’re applying to an investment operations role, here are three types of interview questions you’ll encounter, and my guide to ensuring the [...]
Lunchtime Links: Alessio Rastani is real and living in Bexleyheath (UPDATED)
If you haven’t seen it already, self-proclaimed ‘stock market trader and forex trainer’ Alessio Rastani, appeared on the BBC yesterday declaring, among other things, that Goldman Sachs rather than governments rules the world, that he’s been, “dreaming” of a market crash for three years and that everyone’s savings are about to be wiped out. The [...]
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