22-12-2010 04:54 PM | ||
Unregistered |
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30% is way too high. Try 12 to 18% depending on banks. So ave 15% is more realistic So as a base, USd 100 M, or SGd 130M at 15% gives you about SGD 200K However in today's market, the target may not be USD 1M anymore, but closer to USD 1.5M USd 1 M revenue is nonthing to shout about. |
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14-12-2010 09:32 AM | ||
Unregistered |
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12-12-2010 01:06 PM | ||
Unregistered | I was just thinking that being in the Trust side of things does mean that I'm not supposed to be involved in the Investment side. Being a RM would enable me to deal with both Trust & Investments, and the job would be more heavily skewed towards maintaining relationships with clients. The Trust side would be more administrative in nature am I right? | |
07-12-2010 02:59 PM | ||
Unregistered | Trust admin seems to be quite good leh. I have friends in Citi Trust they get sent overseas for training, also take the STEP certification (Singapore Trust Estate Practitioner?) etc. Pay also quite high and many private banks fighting to hire them due to the limited trust experienced adminstrators. | |
05-12-2010 01:07 AM | ||
Unregistered | Hello. I'm a new hire into Private Banking trust administration. I've been wondering if there is a certain career path/courses I could take to get to my ultimate goal of becoming a Private Banker? | |
19-09-2009 08:09 PM | ||
Arbitrage |
Hi 6 yrs in Pte Banking, I’m from bank too. Would like to find out more about Pte Banking from you. Don’t mind emailing me at [email protected]? Thanks alot. |
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19-09-2009 08:05 PM | ||
6 yrs in Pte Banking |
Guys let me give you an inside STORY on how pte banks in Spore works. Firstly im not a pte banker but a product specialist. First of all, u might be surprised, Spore is the 2nd largest pte wealth centre in the world as @ 30.06.09 and we are contributing ~6-8% of the world’s offshore pte wealth. CHF tops @ ~16-18%. N most Sporeans’ a/cs here are are not the “elite” type… mostly just ikan bilis for the pte banks. i have seen ten digit figures from middle eastern, latin americans n Indonesians. Infact, our govt is also trying very hard to become the CHF in Asia, safe, fun (f1, casino, universal studios etc) n even creative tax breaks. The last 10yrs have been growing like crazy… up untill last yr’s crisis. Look at jim rogers or even jet li etc. Now, would you really make $ via pte banking a/cs? Most likely not as your PB has a big target to meet… so most pro. u would be trading more than u actually need so conflict of interests. So not making $$ then why pte banking a/cs… its becuz in Spore this industry has not mature yet. Infact in CHF, ~80% of the wealth there is still held in small boutique private banks so im reckoning these small local boutique family office kind of shop would be set up in the future where the rich would have the ultimate personalized service with $$ being managed as what the money mangers would do for their own $$. Consistence returns yr on yr with good financial planning is the key to grow REAL wealth!!! Cheers |
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22-02-2009 10:27 AM | ||
Goodie-- |
4111 wealthjourney, which currencies do you keep your wealth in? I am conflicted. Thinking of shifting some to AUD (mostly mine is in SGD now). CS is doing a lot better than UBS though, I can say that much... |
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21-02-2009 07:01 PM | ||
wealthjourney-- |
4109 Vexed , What type of account do you have in Julius Baer? And what is the AUM charge? Thinking of shifting out of CS & UBS into other..but every other big name out there have been losing terrible amount of money.. I also donno where is a safe place to keep money anymore.. |
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21-02-2009 01:04 AM | ||
Goodie-- |
4105 Meh. DBS Treasures stopped their airport limousine service already. Just found out today. Pissed off lah. Time to shop around... |
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