Private Banking Wealth Management is Rebounding
The Private Banking and Wealth Management industry worldwide is rebounding.
Thanks to a number of big traditional private banking players and the new players too – India, Credit Suisse and Citibank in Europe. Amidst the pain of the industry wide shake up, private banking wealth management is still very much in demand. It’s still a massive industry.
Read the reports…
Reuters Reports Credit Suisse are actually hiring experienced private bankers in Asia.
The Swiss bank placed an advertisement in the Wall Street Journal Asia on Thursday asking bankers to make appointments with senior Credit Suisse officials in Singapore, Hong Kong, Japan and Australia. Similar ads went out in the Financial Times and Singapore’s Business Times, a Credit Suisse spokeswoman said.
The Economic Times reports Indian Wealth Management firms are headhunting out of work foreign private banking wealth managers.
MUMBAI: Indian wealth management companies are on the prowl to hire the many professionals left jobless across the world due to the ongoing recession. This is a win-win situation for both, the Indian employers who stand to gain from their global expertise, and the professionals looking for security and stability.
How safe are Citigroup’s European private bankers?
Things were a bit different back then, but in 2006 Citigroup had big plans to grow its European private banking business. Its first quarter results suggested things aren’t going exactly to plan. … Over the same period, EMEA wealth management revenues fell 26%, according to careers website efinancialcareers.com. Needless to say, all private banks are suffering, but it looks as if Citi, like UBS, is suffering disproportionately as clients take fright at the performance of …
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Well written news..well collection but please write more about Private wealth management….
Alright Isha,
You ask, you get…actually, there are alot more of private banking wealth management from a layperson’s point of view within.
But OK, I’ll go into hard details next.