Staffing in Wealth Management, Q1 2007

Published by: Datamonitor

Published: May. 1, 2007 - 13 Pages

Table of Contents

The Roundup

Staffing

The Developments

ABN AMRO

Bank of America

Barclays

BNP Paribas

Citigroup

Credit Suisse

Deutsche Bank

Julius Baer

Mellon Financial Corp.

Morgan Stanley

Northern Trust

St George

Wachovia

APPENDIX

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

The Roundup

Staffing

The Developments

ABN AMRO

ABN AMRO cut staff in North America - December 06

Bank of America

Bank of America introduces Family Wealth Advisors Team - February 07

Barclays

Head of Research and Strategy appointed by Barclays Wealth - March 07

Ravi Bulchandani joins Barclays Wealth to lead Alternative Investments - March 07

Barclays Wealth appoints CEO/Director General to its Monaco Private Banking arm - March 07

Barclays Wealth has new MD for its Middle East private banking operation - March 07

Torben Nielsen to head Balance Sheet department at Barclays Wealth - March 07

Mireia Sitjas-Montaner appointed to lead Foreign Exchange at Barclays Wealth - February 07

Barclays Wealth looks to Middle East expansion with private banker appointments - January 07

New Chief Operating Officer for Barclays Wealth - January 07

Barclays Wealth has new head for Swiss operation - January 07

New Segment Leader for Barclays Wealth international private client operation - December 06

BNP Paribas

BNP Paribas appointed a Structured Product Sales Head - December 06

Citigroup

Citigroup declare Todd Thomson's departure as Head of Global Wealth Management Division - January 07

Credit Suisse

Stewart W. Brenner named Regional Head of Market of Credit Suisse - February 07

Deutsche Bank

Deutsche Bank has new Regional Executive for its US wealth management business - February 07

New Chairman and Head of Wealth Management for Deutsche Bank in Asia-Pacific - February 2007

Julius Baer

Julius Baer hires three senior private bankers for Eastern Mediterranean Market - March 07

Mellon Financial Corp.

Mellon Financial appoints new leaders to private wealth management operations in Conneticut - February 07

Mellon Financial announces new Senior Sales Director for Providence wealth management team - February 07

Mellon Financial appoints sales manager to private wealth mortgage group - February 07

Mellon Financial appoints Vice-President for wealth management in Central Pennsylvania - January 07

Mellon Financial appoints Sales Director for wealth management in LA - January 07

Morgan Stanley

New MD and Head of Strategic Analytics, Modeling, and Systems for Morgan Stanley - February 07

Morgan Stanley to strengthen private wealth management in Latin America with new team - January 07

Morgan Stanley announces its approval for five new professional designations for financial advisors - March 07

Northern Trust

Northern Trust has new client relationship manager - March 07

New President and CEO for Northern Trust - Ohio - February 07

Northern Trust gains new head of private banking in Wisconsin - February 07

Northern Trust has new appointee in real estate team - January 07

Northern Trust appoints new Head of Wealth Management - December 06

Northern Trust adds to wealth management team in Boston - December 06

Northern Trust appoints new President of Northern California region - December 06

St George

St. George CIO retirement triggers reorganization - March 07

Wachovia

Wachovia announces new Client Partnership director - December 06

APPENDIX

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

Abstract

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

The first quarter of 2007 was notable for the continuing recruitment of significant numbers of staff for emerging markets, including the Middle East and Asia, with Deutsche Bank appointing a new Chairman and Head of Wealth Management in Asia-Pacific, while Morgan Stanley strengthened its Latin American operations with a new team. In developed markets staff were recruited to more specialist positions, such as Bank of America's Family Wealth Advisors Team. Barclays Wealth also recruited a large contingent with the aim of rapidly developing its business in a number of areas, as Northern Trust shook up its senior management landscape.

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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