“there might be a more legitimate reason why many wealth managers steer clear of Norway” -- David Bain
Saturday, 21st November 2009
Coutts is expanding its presence in regions outside London by launching two offices in Cheltenham and Exeter, according to a report in the Financial Times.
The private bank for rich customers has added to the number of wealth managers working in the regions by about 80% in last four years.
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”.
Looking to get more from your yacht? Why not share it with others?
© 2009 eFinancialNews Ltd
2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU
Tel: +44 (0) 20 7309 7788
Company No 3089347
del.icio.us
Digg
Newsvine
reddit
StumbleUpon