Monday, 23rd November 2009

 

12 October 2009 - Tara Loader Wilkinson

Rothschild hires director for UK private banking

Rothschild, the independent UK wealth manager, has hired a new client director for the UK private banking and trust business from multi-family office Fleming Family & Partners.

Penny Lovell joins Rothschild in early November and will be based in London reporting to Gary Powell.

Prior to FF&P, Lovell worked at Coutts & Co.

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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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