In our experience, recruiters in the main don’t have a really good grasp of the staffing needs of modern private banking. Most just play the same old putting “bums on seats” game, along with counting their commission.
An exception is the splendid Mark Somers, whom I always think of as a superior headhunter to the private banking gentry. Mark, who runs his own firm, Somers Partnership, is extremely well-networked and is among those who keep up with the pace of change in the wealth industry.
His latest musings on our business make sobering reading. In his experience, wealth managers fall into three broad...
