Staffing In Wealth Management, Q3 2007
Datamonitor
November 21, 2007 13 Pages - SKU: DFMN1633888
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Introduction
This tracker looks at the strategies being employed by the wealth managers to attract and keep their relationship managers, with a particular focus on poaching and initiatives to train/grow their own wealth managers.
Scope
Follows the staffing-related activities of 57 leading international wealth managers; Covers wealth managers with operations worldwide, with home markets in Europe, USA and the Asia Pacific region.
Highlights
During the quarter, human resource developments were geared towards the expansion of private banking services, with secondary activity in investment and corporate financing functions. Private client service development was concentrated in the US, while staffing developments in investment and financing favoured Asia-Pacific markets. Virtually all reported new appointments were the result of recruitment from competitors, with the exception of Bank of America and Northern Trust, where a few internal promotions were noted. Apart from this, two banks also pursued graduate recruitment and expansion of their internship programs.
Reasons to Purchase
Keep up to date with the latest developments in staffing in the wealth management industry around the world; Keep abreast of the key trends and issues surrounding the area of staff recruitment on a quarterly basis.
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- Table of Contents
- The Roundup
- Staffing
- The Developments
- Bank of America
- Bank of America makes appointments in private wealth management - July 07
- Bank of America names co-heads of Equity Capital Markets - July 07
- New appointments to Bank of America Private Wealth Management in investment - September 07
- Barclays
- Barclays Wealth expands Investment Operations arm with senior hire - July 07
- Barclays Wealth appoints Regional Head of its Intermediaries & Corporates Business - August 07
- BNP Paribas
- BNP Paribas introduces three new hires to its equity derivatives business - July 07
- Crédit Agricole
- Crédit Agricole appoints new Head of Strategy - August 07
- Crédit Suisse
- Crédit Suisse hires additional portfolio managers for UK and Global Equity Income - August 07
- Crédit Suisse appoints Managing Director in Investment Banking Department in Japan - August 07
- Crédit Suisse appoints Head of Prime Services Coverage in Japan - September 07
- Crédit Suisse makes additions to its UK Fixed Income and European Credit Research teams - September 07
- Crédit Suisse hiring recruits from diverse fields - August 07
- Deutsche Bank
- Deutsche Bank Private Wealth Management announces California and New York Private Bank hires - July 07
- Julius Baer
- Julius Baer makes new appointments in European private client sector - August 07
- Morgan Stanley
- Morgan Stanley expands family wealth group with three new hires - July 07
- Northern Trust
- Northern Trust expands investment team - July 07
- Northern Trust appoints new Southern California, Nevada Personal Financial Services president - September 07
- RBS
- RBS appoints Head of Global Banking & Markets for India - July 07
- RBS appoints Managing Director to its Loan Markets Business - August 07
- RBS appoints three to its Financing and Risk Solutions team - August 07
- RBS appoints Joint Head of Exotic Credit Derivatives to its Structured Debt Derivatives unit - September 07
- Société Générale
- Société Générale appoints Regional Chief Investment Officer for Asia-Pacific - August 07
- Société Générale Corporate & Investment Banking creates Acquisition & Leveraged Finance team in Sydney - September 07
- Société Générale Corporate & Investment Banking strengthens E-Commerce team - September 07
- Société Générale Corporate & Investment Banking strengthens Asia-Pacific ETF team - September 07
- Société Générale Corporate & Investment Banking appoints new Director - September 07
- UBS
- UBS looks for a new breed of Wealth Managers - August 07
- Wachovia
- Wachovia employs new Wealth Markets president - August 07
- APPENDIX
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
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