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  #26 (permalink)  
Old 10-08-2011, 02:13 AM
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Originally Posted by Unregistered View Post
I work in a top tier PB bank, surprised by your hunger to push products, the way you manage the client money will eventually put in the bad books of the ultra-high networth community. Better keep your reputation, as it is a small community, and they will talk among each other. I believe you will out of PB if you believe in screwing the clients
Most of the clients networth these days are tied up in non-liquid assets e.g shares of their IPO company, plantations, etc Their LTV is marked lower due to tight credit control these days, so cant leverage much further.
In what way do I screw client? By leveraging or by meeting my target?
There is nothing wrong with meeting target and client making money.

Unless you find a problem with that.

As for pushing products. I guess you choose not to read what I said about revenues from other sources that are not related to trading AND beneficially to client.

Pity , a top tier private banker that cannot read.
That I worried for your client.
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