People
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Barclays Wealth team leaves for Standard Chartered
A team of three bankers from Barclays Wealth's Africa team have joined Standard Chartered Private Bank.
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Lloyds wealth team quits after bonus worries
A team of three from Lloyds TSB's Middle East and Africa private banking team based in Geneva have quit for SG Private Banking.
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JP Morgan Private Bank Hires Former Deutsche Banker For India
JPMorgan Chase & Co's private bank said Thursday it hired Deutsche Bank's former head of South Asia, Vinay Gandhi, to head its India business.
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US boutique wealth manager bolsters operations with hires
MICG Investment Management, the US boutique wealth manager, has appointed former UBS executive Brad Hunt as head of its operations across Virginia, and named former Baird broker Ray Adams head of its branch in Richmond, according to a report in The Wall Street Journal.
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Morgan Stanley poaches six-member private wealth team from UBS
Morgan Stanley Private Wealth Management on Wednesday declared the recruitment of a New York-based group of six investment professionals from UBS to serve ultra high net worth families in Latin America, according to a Reuters report.
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Credit Suisse scoops private banking veteran from UBS
Swiss bank Credit Suisse has hired a 24-year private banking veteran from rival UBS for its ultra high net worth Individuals division.
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Vontobel Hires 3 Seniors For UK Brokerage Activities
Swiss private bankVontobel Holding AG (VONN.VX) said Tuesday it has expanded its brokerage activities in the UK with three senior hires for its London branch. The expansion reflects the commitment of Vontobel to developing its presence in London.
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Fund managers use 'fresh pot of money' to return to full-time hiring
The asset management industry has returned to the hiring of full-time staff – having got by on using short-term contracts for a year – as improved profitability boosted confidence to make longer term commitments, an investment management consultant has said.
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Veteran funds trio joins wealth manager
UK wealth manager St James’s Place has added two high-profile advisers and a new chief investment officer to its ranks after reporting net inflows of £600m (€667m) during the third quarter.
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Arbuthnot Latham CEO steps down
The chief executive and member of the board at Arbuthnot Latham, the London-based private bank, has left the bank after two years, citing personal reasons.
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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
Sotheby's 3Q loss widens
Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.
