Sunday, 8th November 2009

 

Barclays Wealth hires investment specialist from Coutts

Barclays Wealth in Singapore has hired Pheabe Chau as head of investment specialists from Coutts Bank von Ernst.

Chau will oversee a team of investment specialists based in Singapore and will report to Thomas Fekete, the global head of investment specialists.

At Coutts Chau was responsible for setting up investment advisory services for the bank's private banking joint venture with Bank of China in Beijing and Shanghai.

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.

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