As various private banks release lacklustre year-end results marred by low profits and high operating costs, discretionary bonus payouts for 2018 are generally expected to be underwhelming for frontline relationship managers, according to headhunters in Hong Kong and Singapore. “In general, bonuses for 2018 have dropped compared to 2017,” Jessie Leung, principal consultant, wealth management at Robert Walters Hong Kong,…
Bleak bonuses for private bankers in the offing, a glimmer of hope in salaries
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