“there might be a more legitimate reason why many wealth managers steer clear of Norway” -- David Bain
Sunday, 22nd November 2009
In the lastest of a string of hires, Barclays Wealth has taken on a head of sales in Spain, the second addition to its Spanish team in a week.
Pablo Martinez Alberola has become head of sales, Barclays Wealth Managers España, the asset management unit of Barclays Wealth in Spain.
He will be based in Madrid and report to Carlos Perez Parada, head of investment and product office, Barclays Wealth Iberia.
He joins from Fortis Investments.
Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.
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