Thursday, September 30, 2010

Who's the Broad?

For my non-native English readers, "broad" is an old, likely American, mildly derogatory, term for a woman. With that in mind, consider the advertisement below for a good laugh.

But seriously, you hire a Deputy/Co-CEO by retaining a recruiter who can't spell/proof-read, won't reveal their own identity and who splashes your search for the world to see? There are only a handful of foreign joint-venture trust companies in the PRC. A Chinese trust company that even deals in private wealth [In case you didn't know, a Trust Company in China is nothing like a trust company we all know and love] and has an affiliate/office in Hong Kong really limits the possible employer to 1. Of course there's no guarantee that anything in the ad is real or correct.

Deputy CEO / Co-CEO, Private Wealth Trust Company
Location Hong Kong SAR
Remuneration Upon on request
Position Type Permanent
Employment type Full time
Updated 29-Sep-2010

Our client is a major global financial service provider, wealth manager serving affluent, high net worth and intermediary clients worldwide. They are currently looking for a Deputy CEO/Co-CEO to drives the Private Wealth / Trust unit in Asia.

Main Function of the Job:

To be responsible for the development and execution of the strategy, in particular synergies with Private Wealth bank, and the day to day operation, product delivery and new product development process in joint venture Trust company according to the visions and guidelines set by the Broad.

Work as the partner of General Manager whose main responsibilities are business origination and senior client management.

Acts as the bridge between the Trust company and Private Wealth bank to generate new business and draw support from Bank' infrastructure and product teams to develop best-in-class product innovation and execution capability according to China's unique client and regulatory environment.

Main duties and responsibilities:

Support the GM in leading the Sales function (origination, distribution, referrals between Private Wealth bank and the Trust company).

Assist the Broad and GM in developing and executing the business strategy, especially strategic initiatives relating to synergies with Private Wealth.

Help build a best-in-class infrastructure according to the business plan endorsed by the Broad and leveraging the bank where relevant.

Promote strong corporate goverance in trust company through continuous education and process development.

Requirements:

20 years+ experience in Private Wealth is a must
Used to worked in joint venture financial services partner in China
Experienced in trust management and large deal making
Strong leadership
Fluent spoken in both Mandarin and English
A degree holder

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