Sunday, 22nd November 2009

 
  • From To

28 October 2009 - Press Briefing

McCann rules out paying ‘high bid’ to lure Wall Street talent

UBS will not pay the most on Wall Street to lure talent, Robert McCann, the Swiss bank’s new chief of wealth management in the Americas, told Bloomberg Television on Tuesday.

McCann said that while UBS would compensate staff in a fair manner, he doesn’t want people working with the firm for the sole reason that “we are the high bid in the market”.

Tags: Wealth management

Read the original

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Lombard Odier hires from Coutts
  3. Comment: Prince William seals the ascent of hedge funds
  4. Citi Private Bank poaches senior Merrill executive
  5. How The Rich Are Different: Recession Hits Investment Psyche

Brummel

Relocation, relocation, relocation

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”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347