An Asia-headquartered private bank has recently introduced a weekly, internal league table detailing its relationship managers’ sales performance. A source says the practice started as a means of “promoting healthy competition” but the results have been less than ideal. “Private bankers initially welcomed the idea, especially the top revenue generators, as a platform for bragging rights,” the source explained. “But…
Private bankers bemoan weekly sales table as pressure to sell continues to rise
Have a confidential tip? Get in touch [email protected]