Sunday, 8th November 2009

 

2 July 2009 - Press Briefing

Credit Suisse eyes ‘several hundred’ recruits for Japanese wealth unit

Credit Suisse may recruit “several hundred” staff for its Japanese private banking operations, said Junya Tani, the Swiss bank’s country head, on Tuesday, according to a Bloomberg report.

Tani said that the unit presently has 40 employees and is eyeing rich individuals with over 1bn yen (€7m) in financial assets.

Read the original

Most Read

  1. Barclays Wealth team leaves for Standard Chartered
  2. Lloyds wealth team quits after bonus worries
  3. UBS wealth unit takes £33m hit on rogue trades
  4. Morgan Stanley poaches six-member private wealth team from UBS
  5. Citigroup plans 75 layoffs at wealth management division

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.

More from Wealth Business

  1. RBS Posts Loss, Cautious Outlook
  2. Tax amnesty proves a hit among Italians
  3. Italian tax amnesty on course to exceed repatriation target
  4. Prospective suitors eye Austrian wealth manager
  5. Analysts to press UBS over turnaround strategy for wealth unit

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347