UOB's sustainable approach to talent management for the private banking industry

After a hiatus during the financial crisis, the poaching of private banking relationship managers is back. For the players, incumbent and new, local and international, poaching is probably the quickest and most straightforward means of a headcount-led expansion. No need to nurture and develop new re...

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Bibliographic Details
Main Author: Knowledge@SMU
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2010
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Online Access:https://ink.library.smu.edu.sg/ksmu/137
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1136&context=ksmu
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Institution: Singapore Management University
Language: English
Description
Summary:After a hiatus during the financial crisis, the poaching of private banking relationship managers is back. For the players, incumbent and new, local and international, poaching is probably the quickest and most straightforward means of a headcount-led expansion. No need to nurture and develop new recruits when they come nicely packaged with all the right credentials to hit the ground running. But what happens as more and more companies adopt this attitude to recruitment? Wilson Aw, head of private banking at United Overseas Bank, says the industry knows that it cannot grow from within such a vicious cycle. He shares his long term view on the talent issue with Knowledge@SMU.