Please respond directly to Chetan at email id : chetan@splendidsolu tion.com for Private Banking openings.
regards,
Arjun
----- Forwarded Message ----
From: "Chetan Malhotra"
Subject: Private Banking Openings with a Global Private Bank
Hi,
Can you please broadcast this opening amongst your groups.
Our client, amongst the largest Private Banks in the world, is looking for Private Bankers to be based in :
Delhi
Mumbai
Pune
Kolkata
Hyderabad
Bangalore
Chennai
The bank has now made Emerging Markets as a focussed area for expanding their Private Banking Business. They have major plans for dominating the Private Banking space in India. The Bank's Private Banking Management team has got rich and invaluable experience in Private Banking in the Developed and Emerging Markets, including India. A small note is attached for reference.
The group is amongst the oldest and the largest Financial Services group of Europe. Its amongst the largest corporation in the World. The group currently operates in 60 countries.The Private Banking division of the group is amongst the Top 20 Private Banks of the world. The Private Bank is a known and a well respected name globally as well as in India. It presently has over 100,000 High Networth Private Banking Customers worldwide. The PB has a global network of over 2000 Private Bankers managing 55 billion Euros of client's assets in over 15 countries.
Globally the Private Bank offers the following products and services to the Private Banking clients* :
* Discretionary Portfolio Management
* Active Advisory Advice
-Foreign Exchange
- Fixed Income, High Grade and high yield
- Equity, active stock trading
- Mutual Funds Selection through a dedicated third party fund unit
- Structured Notes and Derivatives :
- Foreign Exchange Options
- Equity Linked Notes
- Bond Options
- Interest Rate Related Structured Notes
* Alternative Investments such as Real Estate, Private Equity and Hedge Funds
* Pension Planning
* Art Management
* General banking
* Family Office
* Estate Planning Services
* Specialised insurance and Life Insurance Premium Financing
* Set up of Trusts, Foundation and Offshore Companies
* Corporate services
* Lending
* subject to local regulatory restrictions
The Private Bank provides one consolidated platform to deliver and help their clients for all their investment related requirement. The bank's highly acclaimed and respected various business platforms are the Specialist Support (In-house use of bank's various services to present one face to the customer) The PB's customer propostion is in-line with their international credo - relationship oriented, long term and advisory driven. The Private Bank's Asia business has been rated as one of the Top 3 Private Banks for Best Overall Products and Services in Asia Money Survey 2005.
India Private Banking Team : Presently it is a 40-member team with a strong presence in Bangalore,
Delhi, Mumbai,Hyderabad, Kolkatta and Pune. The team consists of a team of dedicated Private Banker supported by a team of Assistant Private Bankers along with product development team, a capital market operations team and an in-house research team. They offer investment advice for portfolios with assets under management of Rs. 10 million and above on Direct Equity, Derivatives, Mutual Funds, Bonds, etc and at the same time extend their banking services to these clients.
PB Activities:
Advisory Services
The Advisory Desk consists of an experienced research team headed by the Head - Advisory Desk. Detailed Research combined with in-depth technical analysis is used for deciding the investment universe, which comprises of Derivatives, Direct Equity, Structured Products, Mutual Funds, Bonds, IPO/NFOs, etc.
Non-Discretionary Portfolio Management
Here, the investment research team constructs a client's portfolio after doing a thorough risk-reward analysis of the financial products in the market. The portfolio is continuously monitored and reviewed by the Relationship Managers.
Operational and Regulatory Services
The bank takes care of entire financial and regulatory requirements right from procuring legal permissions and necessary documentation to enable them to trade in the market on client's behalf to payment of client's bills.
Transaction Services
Their internal customer support team and the capital market operations team ensure smooth process flow for all investments and banking transactions.
Mentioned below is a brief snapshot of the Job Description for the position of Private Banker.
Private Banker
Job Title : Private Banker
Reports to : Country Head - Private Banking
JOB Description
1) Business Generation on Advisory products & services.
2) To meet the sales targets in terms of income generated across all advisory products.
3) To acquire new clients in the targeted HNI segment from outside the Bank, consistently.
4) To retain and enhance Advisory relationships that are converted.
5) To ensure high level of client satisfaction.
6) To execute cross-sell efforts as per focus of the Bank at a given point in time.
7) To keep oneself updated on the financial markets & in advisory products / services in particular. (Equities, Mutual Funds, Asset Allocation, Derivatives, structured products).
Job Specification:
1) Total relevant experience of 4-16 years.
2) Experience in the area of broking / investment advisory.
3) Relationship Management skills.
4) Ability to understand stocks, mutual funds and other investments products.
5) Ability to take sales initiatives and operate independently & has sales focus.
7) Client sourcing capabilities.
8)Good interpersonal skills & team player.
9) Willingness to learn constantly in the finance area so that all investment products are understood.
10) MBA / C.A. / Graduate
