Credit Suisse opts to groom wealth managers

Private banking giant Credit Suisse may have surprised some of its competitors with a move to hire fresh graduates for its wealth management business - a division in which staff loyalty has become a thorny issue.

Although it will continue to compete with other banks to hire experienced private banking professionals - especially those who have existing good customer ties - the Swiss bank is now also going after inexperienced graduates who aspire to become wealth managers after being trained in-house for several years.

via Business feed http://www.scmp.com/business/banking-finance/article/1246928/credit-suisse-opts-groom-wealth-managers