Saturday, 7th November 2009

 

Moves

  1. Coutts hires for Monaco office

    Coutts & Co, the UK private bank owned by The Royal Bank of Scotland, has hired a senior private banker for its Monaco office.

  2. 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.

  3. Heartwood hires Coutts head

    Heartwood, the wealth management boutique, has hired a new head of investment communications from larger rival Coutts & Co, its second senior hire in a fortnight.

  4. RBC Wealth expands in Dubai

    RBC's corporate employee and executive services, part of Royal Bank of Canada Wealth Management, has hired two managers from HSBC for its Middle East operations.

  5. UBP hires new COO

    Swiss private bank Union Bancaire Privée has hired a new chief operating officer from larger rival Citi.

  6. Standard Chartered Private Bank hires credit head

    The Standard Chartered Private Bank has hired a regional credit officer for the Eastern hemisphere.

  7. Collins Stewart Wealth Management boosts Swiss operation

    Collins Stewart Wealth Management has hired a senior client portfolio manager for its Swiss office.

  8. Credit Suisse recruits ex-ABN banker as French chief

    Credit Suisse has hired a former ABN Amro country head for France as chief executive of its French business as it seeks to reclaim a place at the top table of banks in the country.

  9. UBP hires heavyweight to lead business integration

    Swiss private bank Union Bancaire Privée has hired Richard Wohanka, one of Europe's most experienced asset management chief executives, to integrate and lead its newly-combined, Sfr82bn (€54bn) asset management unit.

  10. 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.

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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