Korn/Ferry Poaches Rival Heidrick Staff [FT]
Korn/Ferry Whitehead Mann hired a number of financial services recruiters away from Heidrick & Struggles, the latest of a series of steps in Korn/Ferry's aggressive pitch to raise its share of the booming market for banking recruitment in London.
Overqualified... and Out of Work [CFO]
If you've held a senior-level role but must take a step down to resume your career, one useful resume tactic is omitting numbers, such as how many people you managed.
Wells Fargo Advisors Hires More Managers [St. Louis Business Journal]
Wells Fargo Advisors added eight more managers in St. Louis to oversee its independent brokerage arm, which has grown 24 percent in 18 months. Of those eight so-called "virtual branch managers," four wre promoted internally and four were hired from other brokerage firms including Edward Jones and Stifel Financial.
GM Unit Quits Pension Management Business [Pensions & Investments]
Promark, the name GM adopted for its pension management unit in March 2009, will stop pursuing external clients for pension plan management services and is changing its name back to GM Asset Management. The fate of the firm's sales and client service personnel is unclear, although the company it doesn't plan to make "significant changes to the team" or to outsource the management of GM's pension assets.
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