As investors look to farms, oil fields and forests for returns, banks ...
Banks are hiring specialty asset managers to handle land for agriculture, oil, minerals, and timber as wealthy clients seek to outsource the management of their real estate. This growing trend is fueled by a post-pandemic renewed interest in return-generating tangible assets.
Firms are expanding their search for talent beyond the traditional finance sector, looking for individuals with experience or academic backgrounds in land management or agriculture. Many professionals in these fields are now seeking stability in their careers within the banking industry.
Highlights from The Finance Files:
- Chart of the week: Global private debt fundraising decreased by 22% in 2024, with a focus on direct lending for financing new leveraged buyouts.
Santander launched the online savings account brand Openbank in the U.S., opening a physical branch in Miami.- Q&A with Rui De Figueiredo from Morgan Stanley on breaking into the investment industry without a traditional finance background.
- In other news: Klarna introduces a debit card, private equity investments in data centers increase, and State Street partners with Apollo for a new private credit ETF.
Future of Jobs in Real Assets:
As finance firms aim to expand their client bases, there is a growing curiosity about how roles in real assets will evolve. The dynamic landscape of the industry presents new challenges and opportunities for professionals.
Subscribe to stay updated with the latest finance news and engage with the community to share your insights and thoughts on the industry trends.
For more information or to add your comments, sign in.
