Staffing in Wealth Management, Q2 2007

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.



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.


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The Roundup 3
Staffing 3
The Developments 4
ABN AMRO 4
ANZ 4
AXA 4
New appointments in AXA subsidiary Winterthur's wealth management business - May 2007 4
Banca del Gottardo 4
Bank of America 4
New appointments at Bank of America following acquisition of US Trust - May 2007 4
Bank of Tokyo Mitsubishi UFJ 5
Barclays 5
New appointment by Barclays Wealth - June 2007 5
BBVA 5
Bessemer Trust (whole business) 5
BNP Paribas 5
Citigroup 5
Commerzbank 5
Credit Agricole 5
Credit Suisse 6
New appointments to Credit Suisse private banking in Asia-Pacific - May 2007 6
DBS 6
Deutsche Bank 6
Dexia 6
Fortis 6
Goldman Sachs 6
Gruppo Banco Popolare di Verona e Novara (BPVN) 6
HBOS 6
HSBC 7
ING 7
Intesa Sanpaolo 7
Investec 7
JP Morgan Chase 7
Julius Baer 7
KBC 7
Lloyds TSB 7
Mellon Financial Corp. 7
Merrill Lynch 7
Mizuho Holdings Inc. 7
Monte Paschi di Sienna (MPS) 7
Morgan Stanley 8
Blair Pickerell appointed as Managing Director of Morgan Stanley Investment Management - April 2007 8
Morgan Stanley appoints Amr Diab as Executive Director- May 2007 8
Morgan Stanley Global Wealth Management Group appoint Rick Capozzi as Managing Director and National Sales Manager - May 2007 8
National Australia Bank (NAB) 8
Nordea 8
Northern Trust 8
Northern Trust Personal Financial Services Appoint Hugh Magill as National Director of Trust Services and Chief Fiduciary Officer - April 2007 8
Northern Trust Global Investments makes two manager of managers appointments - May 2007 8
Northern Trust appoints Head of Investments for international managers of managers business - June 2007 9
Northern Trust appoints Head of Global Consultant Relationships - June 2007 9
Northern Trust appoint Gerald Elliot as Vice President and Wealth Strategist for Ohio - June 2007 9
OCBC 9
Pictet & Cie 9
PNC 9
RBC Financial Group 9
RBC Asset Management announce Portfolio Management Appointments - April 07 9
RBC Capital Markets increases Hong Kong sales force - April 07 10
RBS 10
RBS appoints a Senior Credit Derivatives Structurer - April 07 10
RBS appoints Head of Structured Derivatives Products Group - April 07 10
RBS appoints Head of Debt Markets Financial Institutions Sales for the Nordic Region - April 07 10
RBS appoints Head of Ruble Trading - April 07 10
RBS appoints New Head of Corporate Risk Solutions - May 07 10
RBS appoints New Head of Private Placements - May 07 11
RBS appoints a Managing Director for Financial Institutions Securitisation - June 07 11
RBS appoints Head of Global Banking & Markets for South Korea - June 07 11
RBS appoints Strategist to its Securitisation Research Team - June 07 11
Sal. Oppenheim 11
Santander 11
Sarasin 11
Sarasin appoint six new professionals to Private Client team - May 07 11
Sarasin Rabo Investment Management appoints new Vice Chairman - May 07 11
Sarasin appoint Head of Private Banking Lugano - June 07 12
Schroders 12
SEB 12
SEB appoints new Head of SEB Unibanka in Latvia - May 07 12
SEB appoints new Country Manager in Norway - May 07 12
SEB appoints new Chief Economist - May 07 12
SEB appoints new Country Manager in Finland - May 07 12
Société Générale 12
St George 12
Standard Chartered 12
Standard Chartered appoints Regional Chief Executive for North East Asia - May 07 12
UBS 13
UniCredit 13
Union Bancaire Privée (UBP) 13
United Overseas Bank (UOB) 13
Vontobel 13
Vontobel appoints new Head of the Private Banking - June 07 13
Wachovia 13
Westpac 13
APPENDIX 14
Further reading 16
Ask the analyst 16
Datamonitor consulting 16
Disclaimer 16

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