Private banks will sharply expand headcount in coming years to capitalize on the growing number of wealthy individuals in Asia, dismissing concerns that aggressive hiring is out of sync with a tentative recovery in revenues. Hiring sprees this year have taken some firms beyond their pre-crisis staffing levels, as banks believe growth in Asia, and robust revenues elsewhere, will support the expansion. Citi for instance plans to add between 100 and 200 senior staff to its private bank over the next few years…
Private banks keep hiring as rich get richer
Most Popular Articles
Latest Articles
Reverse mortgage leaders praise FHA engagement, back-end improvements
At NRMLA Annual, reverse mortgage industry leaders praised the engagement of FHA, Ginnie Mae and officials like Julia Gordon.
-
Despite challenges, dementia patients and caregivers prefer to age in place
-
MoxiWorks poaches two more Onit veterans for leadership roles
-
Housing market recovery threatened by mortgage rate pop
-
MBA, other stakeholders team up to address racial homeownership gap
-
Opendoor hires C-suite leaders in finance, technology roles