The Anderson Search Group | March 2023 Updates
The war for elite talent in commercial banking and private wealth divisions within banks continues to rage on. This candidate driven market has driven compensation demands up higher than we have seen in recent years. Banks are now finding themselves in situations where they are having to pay more for talent with less experience than desired. We are also seeing clients having to get very creative with benefits and guaranteed bonuses to attract talent away from their current institutions. To identify, qualify, and deliver the top talent with the ability to make an immediate impact with your organization, banks need the bandwidth to cast a wider net and touch more candidates than ever before.
Jeremy Anderson | President & CEO
Can Your Bank’s Private Wealth Management Division Spot Great Talent?
Banks now have private wealth management divisions to better serve their high-net-worth clients and provide them with the personalized attention they require. This industry continues to expand. According to Ibis World, as of 2023, 88,302 people are employed in private banking services. This number is expected to grow in the future. In today’s competitive market, it’s more important than ever for commercial and private banking groups to find and hire the best talent… Read More
Why a Great Commercial Bank Relationship Manager is Critical for Your Bank’s Success
Your bank can achieve greater success with the right commercial bank relationship manager. An experienced RM is essential for any commercial bank looking to maximize client retention, increase lead generation, and ensure overall customer satisfaction. RMs can provide customized solutions for clients, help with risk monitoring, and get more people in the door. Let’s explore why an excellent relationship manager is so important. Read More
Tell us about the hiring situation at First State Bank of Uvalde and what prompted you to reach out to The Anderson Search Group?
“We were needing a seasoned/experienced lender, that could carry a current book as well as help us grow the bank. Being in a non-metropolitan market and being the dominant bank in the area we needed help getting a lender from outside our market. That is why we chose The Anderson Search Group.” Read More
What are competitive salaries in Commercial Banking and Private Wealth?
To assist Commercial Banking and Private Wealth institutions in remaining competitive and current, The Anderson Search Group has produced this guide, which aids employers in evaluating their compensation rates and implementing adjustments to enhance both retention and hiring efforts.
Read our salary report now. Available via instant download.
About The Anderson Search Group
We are a Boutique Commercial Banking and Private Wealth Executive Search Firm specializing in placing elite commercial banking and private wealth talent with the nation’s finest financial institutions.
