Word: bcg
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Dates: during 2000-2009
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...according to Ong, assets under management in Singapore are growing by 20% a year. Growth rates like that make it the fastest-growing private-banking market in the world, says Scott of BCG. And the world's largest financial institutions?among them HSBC, UBS and Citigroup?are expanding their Singapore presence. Credit Suisse, for example, currently employs roughly 500 private bankers in Singapore, more than any place outside Switzerland?and the bank has plans to hire 100 more this year. Bank Julius Baer, the venerable Swiss private bank, has similarly high expectations. "We're trying to position Singapore...
...effort to create an atmosphere that would encourage the world's wealthy to move their assets to Singapore, over the past several years "the government studied Switzerland very closely and created something as good," says Roman Scott, a private-banking expert with Boston Consulting Group (BCG). Among other changes, family-trust laws were amended to make the transfer of wealth from one generation to the next easier?and to offer sanctuary from high estate taxes in the U.S. and Europe. In addition, rules protecting customer confidentiality were strengthened. Divulging private financial information is now punishable by a fine...
...remarkable 19.3% and 21.3%, respectively, while Indonesia and Hong Kong recorded double-digit growth. The wealth of millonaires in the region is expected to grow 6.7% a year through 2010, according to the report, compared with 3.7% for Europe. Roman Scott, a vice president at Boston Consulting Group (BCG) in Singapore, says the soaring economies of China and India are behind the boom: "If you open up economies for two billion people in 10 years, multiplied by strong market performance and fewer capital controls, you get a phenomenal amount of wealth creation...
Kermit O. King, vice president of North American recruiting for Boston Consulting Group (BCG), said grades are “one more data point to help assess a candidate...
...margin, it might allow us to be a little bit more calibrated in finding people who would excel and thrive at BCG,” said King. But he added, “We are comfortable making decisions on people in the absence of grades...