zaterdag 10 oktober 2009

Wealth managers hiring as markets rise

The financial markets are recovering and because of this positive evolution, financial institutions are hiring managers again. The evolution even has an influence on takeovers because the banks are searching them to extend.

Thanks to the gradually recovery, there will be several advantages again like the increase of the bank client’s assets which has as result the rise of the advisors’ fees. Other advantages are the trade of stocks, the carry through of mergers and recruiting new staff.

Several financial institutions are hopeful and are making deals to expand their businesses again. They are having conversations with other firms to open new offices and seeking takeovers.

In my opinion this is a positive article. During the financial crisis there were always headlines of ‘company X cuts jobs’ and these decreases of the staff were enormous and catastrophic for all the fired people. It seems like we are at the end of the crisis. Companies are hiring people again, they are considering takeovers and the market recovers steady.

I think that companies should be attentive and should not want to grow fast. Because otherwise we will end up in the same situation like a year ago namely the financial crisis. It is important that financial institutions and all companies will regain the confidence of people. But I doubt it that people would find their 100 per cent trust again in banks. In my opinion the crisis has made too much damage in this confidence.

Posted by: SOFIE DE COOMAN

Source: http://www.reuters.com/article/GlobalWealthManagement09/idUSTRE5962XV20091007

3 opmerkingen:

  1. In my opinion it is a good sign that companies are hiring managers again, it means that they are recovering from the crisis. More and more companies are back healthy and want to invest again. What is good for the evolution of the economy. It is a positive circle because when companies start to invest, they need to draw money from the bank, the bank on his side can invest the money in another company end on that way it goes further and further. BUT the banks need to beware who they are lending to, that they do not lend money to a company that already has problems with solvency.
    By: De Ridder Steffie

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  2. In my opinion it’s a bit disturbing that financial institutions reply their activities as in the fast. Everybody agrees that the economic crisis has its origin in the faulty management of banks. Authorities of all industrialized countries are talking of charging banks with new rules, control and supervision systems but it seems that nothing is changed.

    By: Elise Van Praet

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  3. I am happy to see the economical world is recovering again after a period of crisis. Companies are aware of the importance of a good manager, so they are likely to hire one. The fact of investing is a good thing on one hand. Companies are thinking about the future and they want to invest again. Companies that invest is interesting for the banks. New loans create the possibility for banks to invest in other companies. Shortly said, the recovery of our economy has started. On the other hand, there is a big point of importance: Banks have to analyse their customers about liquidity, solvency en rendability. This was something they failed at in the past. Oh,let's just hope they won't make the same mistake twice!

    Posted by Joachim De Zutter

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