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Wealth managers go head hunting in times of pink slips

Views 2 Views    Comments 0 Comments    Share Share    Posted 05-12-2008  

MUMBAI: In times of rising lay offs across industries, wealth managers are going head hunting for new talent as they see huge opportunity in the wealth management domain. They are recruiting people both at senior and junior levels, to keep pace with their expansion plans.

In a downturn when investors are at a loss as to where to invest, wealth management services appear `meaningful`.

Axis Bank, SMC Global, Reliance Money, Birla Sun Life, ASK Investment Managers are looking at recruitments in sales/wealth advisory verticals. Encouraged by an increasing number of queries, all of these wealth managers are on an expansion spree geographically.

Launched in July, the wealth management division of Reliance Money has set a target of 1,00,000 clients by the end of current fiscal. Expanding its services from 20 cities to 50, Reliance Money will be hiring close to 100 people for the wealth management team in the next couple of months.

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