Private Wealth Management

Private Wealth Management

Despite political instability and the Brexit decision, the United Kingdom maintains its position as the world’s second-largest wealth management centre in terms of AMA (assets under management and administration).

The market is dominated by the private banking divisions of universal banks, as well as independent wealth managers and online stockbrokers offering execution, custody, and research services through online portals. The UK has the fourth-largest population of ultra-high-net-worth-individuals (UHNWIs), according to a report by Credit Suisse.

Wealth managers have a position of immense privilege. As trusted advisors, they help exceptional people navigate the complexities of today’s financial world. Wealth managers offer more than just investment advice but a holistic approach to enable high net worth individuals to manage their money and anticipate their own or their family’s needs. The demand for wealth managers continues to grow – by 2023, there are expected to be 7.7 million more high-net-worth-individuals (HNWIs) in the world, according to Wealth-X.

Worldwide, the wealth management industry continues to experience profound change –with both the increased pressure of compliance and instability in the global economy applying pressure to profit margins. Increasing regulatory burdens and the rising costs of risk are posing challengesto wealth managements firms. Meanwhile, advisors are retiring from the industry
faster than firms can replace them – meaning now, more than ever, private banks are looking for external talent to help achieve growth. The shortage of talent is one of the biggest challenges to wealth management firms future growth and the competition for top quality private bankers has put an emphasis on companies to create new strategies to attract and retain top performers.

At Selby Jennings, the wealth management team consists of experienced recruitment consultants who have an expert understanding of a specific geography. This structure enables our specialist consultants to identify, qualify, and introduce the highest level calibre wealth management professionals in the market place.

With the continued internationalisation of wealth management, our clients expect to acquire not only the best candidates within their jurisdiction but the best globally and our set-up makes this achievable. Working as a team we are able to combine each consultant’s local knowledge and
offer access to a global talent pool. The team have successfully helped a broad range of clients including: global private banks; boutique private banks; single and multi-family offices; and independent wealth management companies.

Managing Director of Business Development | Private Equity
Negotiable, London

My client is a Private Equity firm with c.$40bn AUM, a 20 year track record and a global presence...

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Corporate Services Administrator/Supervisor
HK$300000 - HK$480000 per annum, Hong Kong

Key Responsibilities include: Providing Company Secretarial and Corporate Services duties to eith...

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Client Relationship Manager
HK$456000 - HK$540000 per annum, Hong Kong

Key Responsibilities include: Main point of contact for existing clients Coordinate with the clie...

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Trust Business Development Director
Negotiable, Singapore

Key Responsibilities include: Identify and convert prospects into clients Building and maintainin...

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Senior Full-Stack Software Engineer
Negotiable, Hong Kong

An independent global financial advisory firm are looking for a talented full-stack software engi...

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Investment Finance
Negotiable, England

The role An experienced lending product specialist and Credit Officer within the Investment Finan...

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C++ Software Developer
Negotiable, New York

Client: Selby Jennings is working with a top tier hedge fund to find the best technology talent. ...

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E-Banking Platform Customer Support
Negotiable, Hong Kong

A top international private bank are looking for someone to join their team in the Smart Banking ...

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