Monday, 23rd November 2009

 

6 November 2009 - Press Briefing

Scotland looks to beef up wealth management industry

Wealth management offers “substantial opportunities” and could be a "good opening" for the Scottish financial sector, the country’s First Minister Alex Salmond told Reuters.

Salmond said that the domestic financial industry could leverage its current strength in corporate, pension fund and investment trust management to specialise in wealth management.

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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”.

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