Pros
Big and mighty - shareholder and top management pioritised but not soldiers Appear more glamourous than a souless piority cookie cutter bank Easy to win clueless clients over with the name
Cons
Good people turn nasty in a cut throat culture devoid of values Constant headcount cuts ,everyone doing the job of 2-3 . Everyone minds their own business for self protection. Culture of transient fame and critical shame =everyone learns to do as little as possible to stay under radar from extra work or getting any attention. Posturing is necessary to stay as middle Mgt. Cannot be typecast as a soldier so everyone tries to palm off their work down the food chain. Client Advisors are told that the client promise is to have seamless transition in change of bankers. Clients are encouraged to sell out the bankers to leverage for better pricing , service or change to Bankers the management wishes to support. This leads to a Lack of trust between management and staff , peers and between clients and their Bankers. Always have to look over your shoulder to watch out for unsuspected sabotage or internal looting.
