View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
March 30, 2009

Asia WM sector continues to layoff staff

By Spear's

The shakeout in the once-booming wealth management industry across Asia gathered pace after SG Private Banking, a leading player in the region, announced layoffs on Friday.

The shakeout in the once-booming wealth management industry across Asia gathered pace after SG Private Banking, a leading player in the region, announced layoffs on Friday.

The bank, an arm of France’s Societe Generale, said that it was cutting staff in Asia, excluding Japan, in a realignment of its operations “in line with current market conditions, opportunities and development strategy.”

Less than 10 percent of staff will go, a SG spokesperson in Singapore stressed. She didn’t comment on industry reports that some remaining staff would face salary cuts.

For further details, visit thewealthnet
 

Content from our partners
High-flyers: TAG Aviation explains that it's not about the destination, it's about the journey
Finding a purpose for family wealth during uncertainty 
Porto Montenegro: Adriatic Elegance Tailored to You

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network