Heard on the street: Chances of affluent bankers making it in private banking? 1%.

7 March 2013 | 2 minutes read

With Asia’s private banking talent pool far from overflowing, wealth management firms are looking to alternative talent-sources to bolster teams. Affluent bankers, in particular, are common targets given the comparative nature of their work; but what of their chances of success? A mere one in a hundred, according to a senior private banker from a prominent Hong Kong-based private bank. “Large, established private…

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