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Home > Business/Finance > Financial Services > Asset Management
Staffing In Wealth Management, Q3 2007
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| Published Date:
November 2007
Published By:
Datamonitor
Page Count:
13
Order Code:
R313-27707
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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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