Strategy
Canadian Bank Targets Wealth Management
National Bank of Canada is planning to open an asset management unit targeting wealthy clients, along with an efficiency review.
The Canadian bank said that job losses would occur through natural attrition, retirements and reassignments and overall, they will be offset by newly created roles.
The bank said its wealth management division would see "an
in-depth review" and a new unit for high net worth clients, along
with a regrouping of marketing and investment development. Its
technology investment programme will also be fast-tracked.