Abstract
Overview
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
Report Highlights
Regional expansion has been driving hiring, as Credit Suisse' s Asia Pacific expansion is being augmented by several important hires, while Morgan Stanley is also concentrating on bolstering senior staff in Asia Pacific, hiring an Asia-Pacific specialist from HSBC, and appointing an executive director for its new Cairo branch.
Major staffing shifts can also be attributed to general expansion or a push for organic growth, such as Sarasin' s appointment of 6 new professionals to their London office' s Private Client team, in an effort to boost their assets under management.
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
Table of Contents
- The Roundup
- Staffing
- The Developments
- ABN AMRO
- ANZ
- AXA
- New appointments in AXA subsidiary Winterthur' s wealth management business - May 2007
- Banca del Gottardo
- Bank of America
- New appointments at Bank of America following acquisition of US Trust - May 2007
- Bank of Tokyo Mitsubishi UFJ
- Barclays
- New appointment by Barclays Wealth - June 2007
- BBVA
- Bessemer Trust (whole business)
- BNP Paribas
- Citigroup
- Commerzbank
- Credit Agricole
- Credit Suisse
- New appointments to Credit Suisse private banking in Asia-Pacific - May 2007
- DBS
- Deutsche Bank
- Dexia
- Fortis
- Goldman Sachs
- Gruppo Banco Popolare di Verona e Novara (BPVN)
- HBOS
- HSBC
- ING
- Intesa Sanpaolo
- Investec
- JP Morgan Chase
- Julius Baer
- KBC
- Lloyds TSB
- Mellon Financial Corp.
- Merrill Lynch
- Mizuho Holdings Inc.
- Monte Paschi di Sienna (MPS)
- Morgan Stanley
- Blair Pickerell appointed as Managing Director of Morgan Stanley Investment Management - April 2007
- Morgan Stanley appoints Amr Diab as Executive Director- May 2007
- Morgan Stanley Global Wealth Management Group appoint Rick Capozzi as Managing Director and National Sales Manager - May 2007
- National Australia Bank (NAB)
- Nordea
- Northern Trust
- Northern Trust Personal Financial Services Appoint Hugh Magill as National Director of Trust Services and Chief Fiduciary Officer - April 2007
- Northern Trust Global Investments makes two manager of managers appointments - May 2007
- Northern Trust appoints Head of Investments for international managers of managers business - June 2007
- Northern Trust appoints Head of Global Consultant Relationships - June 2007
- Northern Trust appoint Gerald Elliot as Vice President and Wealth Strategist for Ohio - June 2007
- OCBC
- Pictet & Cie
- PNC
- RBC Financial Group
- RBC Asset Management announce Portfolio Management Appointments - April 07
- RBC Capital Markets increases Hong Kong sales force - April 07
- RBS
- RBS appoints a Senior Credit Derivatives Structurer - April 07
- RBS appoints Head of Structured Derivatives Products Group - April 07
- RBS appoints Head of Debt Markets Financial Institutions Sales for the Nordic Region - April 07
- RBS appoints Head of Ruble Trading - April 07
- RBS appoints New Head of Corporate Risk Solutions - May 07
- RBS appoints New Head of Private Placements - May 07
- RBS appoints a Managing Director for Financial Institutions Securitisation - June 07
- RBS appoints Head of Global Banking & Markets for South Korea - June 07
- RBS appoints Strategist to its Securitisation Research Team - June 07
- Sal. Oppenheim
- Santander
- Sarasin
- Sarasin appoint six new professionals to Private Client team - May 07
- Sarasin Rabo Investment Management appoints new Vice Chairman - May 07
- Sarasin appoint Head of Private Banking Lugano - June 07
- Schroders
- SEB
- SEB appoints new Head of SEB Unibanka in Latvia - May 07
- SEB appoints new Country Manager in Norway - May 07
- SEB appoints new Chief Economist - May 07
- SEB appoints new Country Manager in Finland - May 07
- Société Générale
- St George
- Standard Chartered
- Standard Chartered appoints Regional Chief Executive for North East Asia - May 07
- UBS
- UniCredit
- Union Bancaire Privée (UBP)
- United Overseas Bank (UOB)
- Vontobel
- Vontobel appoints new Head of the Private Banking - June 07
- Wachovia
- Westpac
- APPENDIX
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
