How private banks should manage difficult markets

The reality of today’s more complex and heavily-regulated financial industry means that private banks need critical mass – both to service clients effectively and also be profitable, says John Williamson of EFG International. Private banks around the world continue to grapple with the regulatory and reputational implications of the wave of transparency and other initiatives…

Deutsche Bank Profit Sinks but Beats Expectations

Figures are German lender’s first full quarter under a new structure announced in October Deutsche Bank AG on Thursday said first-quarter net income beat analysts’ expectations despite being pressured by difficult market conditions and the impact of the bank’s decision to exit certain areas. Net income declined 58% to €236 million ($267 million) compared with…

City National hires Gibraltar Private wealth exec

The trend of local banks hiring top talent from one another continues: Miami-based City National Bank of Florida has hired a top private banker and lending officer from a rival financial institution. Christopher V. Damian, executive vice president, director of private banking and chief lending office at Coral Gables-based Gibraltar Private Bank & Trust has…

Job of the Month – March 2016

Dear all, The first trimester 2016 is almost finished, the recruitments are growing in Monaco and in Geneva. For March, please find below our current assignments: Consultant Recrutement à Monaco pour participer au développement d’Elkho Group. (Salaire selon le profil) Ingénieur Système à Monaco dans une banque de renom monégasque. (Salaire selon le profil) Développeur…