People
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Barclays Wealth scoops Citi risk heavyweights
Barclays Wealth has made two senior hires for its compliance business from rival Citigroup.
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UBS loses another senior private banker to Barclays Wealth
Oliver Gregson, a director in UBS Wealth Management in London, has left and is understood to be joining Barclays Wealth.
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JO Hambro appoints head of private clients
J O Hambro Capital Management, the boutique investment firm, has hired a chief executive for its private client business.
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Green Deals go into the Red
Last year’s green deals have gone into the red, leaving the weight of frustrated ambition resting uneasily over the sector.
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Standard Chartered appoints head of private banking for the Middle East
David Inglesfield has been appointed regional head of private bank for the Middle East and North Africa region for Standard Chartered. The position is a new one.
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Citi Private Bank new head appoints deputies in Europe
Citi Private Bank's new global chief executive, Jane Fraser, has made her first senior reshuffle since she took over the role in early June.
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RBC wealth unit appoints human resources head for overseas arm
RBC Wealth Management has named Keith Pearse chief of human resources for its international division, according to a Reuters report.
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Wealth Bulletin rising star quits UBS to join Barclays Wealth
Melanie Cassoff, a senior client adviser at UBS Wealth Management in London, has resigned and is understood to be joining Barclays Wealth.
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Morgan Stanley bolsters Indian private wealth operations
Morgan Stanley has hired Sandeep Jain from Ambit Capital as an adviser in its Indian private wealth management unit, according to a report in Business Standard.
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The blogs: Reaction to Madoff
The 150-year sentence handed to Bernard Madoff was met with cheers and applause in a Manhattan courtroom. And a trawl through the blogosphere finds little sympathy for the convicted fraudster, who yesterday received the harshest sentence for his role as architect of a fraud that cost investors $65bn (€46bn).
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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
$95 Million Trump House Could Be Sold–Again
Donald Trump set a record when he sold a house for $95 million last year. It was, he proudly pointed out, the largest amount paid in the U.S. for a single-family home.
