Nasty, brutish and short-term

8 February 2010 | 4 minutes read

Trust. Integrity. Commitment. Relationships. These are the catch phrases of private banking, sentimental words they are well larded into banks’ marketing materials. However, beneath such warmth and fuzziness is a hard-boiled business. One noteworthy feature of late 2009 was how much headcount turnover there was within the industry. Many firms were engaging in large-scale recruiting even though banks had significantly…

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