IRL
Wealth Management
Wealth management firms require transformative leaders if they want to remain competitive.
Whilst many of the big markets have caught up to their pre-crisis levels, profit margins remain squeezed as increasing competition from new entrants, strict compliance demands and bloated backroom services leave many wealth management firms, boutiques and private banks struggling to make a profit.
To compete effectively and return to pre-crisis profits, firms require executives with the strategic experience to redefine a firm’s product range to focus on core competencies and add value to their customer service.
Ireland
In Ireland, the investment climate remains difficult, with interest rates and market returns low. This means Wealth Management leaders, from relationship managers and marketers to product developers and compliance professionals, simply cannot afford to court the status quo.
In fact, major change is coming. The biggest client demand over the next 10 years will come from the transfer of wealth from the current ageing generation to the next. The demand for executives who are up for this challenge – who can deliver cost-effective yet tailored advice to a younger client base steeped in multi-channel access and broad mobility options – will be great.
Odgers Berndtson knows how to find candidates suited to individual clients – people who are able to transform the businesses they associate with – make them understand the opportunity, get them to the table and put all parties in a position to innovate and achieve.
