In Asia....
Private banks keep hiring as rich get richer | Reuters
Time to start learning some new languages?
Private banks keep hiring as rich get richer | Reuters
(Reuters) - Private banks will sharply expand headcount in coming years to capitalise on the growing number of wealthy individuals in Asia, dismissing concerns that aggressive hiring is out of sync with a tentative recovery in revenues.
The wealth of Asia Pacific-based individuals with investable assets of $1 million (623,000 pounds) or more outranked Europe for the first time at the end of 2009, according to the widely quoted Capgemini Merrill-Lynch 2010 World Wealth Report.
