Dana Exits Chapter 11 Reorganization a Stronger Global Competitor

NEW YORK, Dec. 3 /PRNewswire/ -- While Wall Street's sell-side hiring has come to a virtual standstill in the wake of the sub-prime implosion, asset and wealth management firms are now driving the demand for talent for the first time in memory as these firms ramp up to meet expected growth opportunities posed by baby-boomer retirement and the globalization of markets, according to a new report by global executive search and assessment firm Russell Reynolds Associates.

"This has been an historic year in the asset and wealth management industry," notes Cornelia L. Kiley, a managing director in Russell Reynolds Associates' Asset and Wealth Management Practice. "The mid-year market turbulence was not a signal to retrench, but rather, to set the performance bar even higher. The relentless pursuit of alpha has led to upgrades from the C-suite to portfolio management to the back office."

The eleventh annual Asset and Wealth Management Recruiting Trends report, released today, is a qualitative review of hiring and compensation trends within both traditional asset and wealth management firms and those focusing on alternative investments, including hedge funds, real estate, infrastructure and private equity, in the Americas, Asia and Europe. read more