London · Private Banking · Executive Search
Private Banking Recruiter in London
Executive Partners is a Switzerland-based boutique focused exclusively on Private Banking & Wealth Management. In London, we place Senior Relationship Managers, Team Heads and Market Leaders with a specific focus on UHNW and HNW client coverage, FCA-compliant portability, and cross-border expertise across European, MEA and international markets.
London private banking in 2026: opportunity in a market under pressure
London remains one of the world's deepest private banking hubs, hosting the UK operations of HSBC Private Bank, Julius Baer, Pictet, Rothschild & Co, Lombard Odier, EFG International, and dozens of boutique platforms and EAMs. The city's unique strength is its combination of onshore UK wealth and international client flows from Europe, MEA, the Americas and Asia.
The abolition of the UK's non-domicile tax regime from April 2025 has created significant structural pressure on the London private banking market. A net 10,800 millionaires left the UK in 2024 alone, with 78 centi-millionaires and 12 billionaires among those departing, primarily to Switzerland, Italy, and the UAE. This is reshaping which client profiles London desks can realistically serve and book.
Over the last 24 months, hiring demand in London has concentrated on:
- Senior RMs with proven UHNW/HNW books and FCA-compliant transition plans
- Bankers with cross-border expertise covering MEA, European and international family flows
- Tax and structuring specialists with post-non-dom advisory capability
- Team Heads managing £200m+ in portable, compliantly documented AUM
London hiring committees are increasingly focused on revenue quality, FCA documentation discipline, and the ability to service internationally mobile clients in a post-non-dom environment rather than headline AUM alone.
2025–2026 London compensation benchmarks
The ranges below reflect typical packages observed across leading London-based private banks. Exact levels depend on platform, client mix, product penetration and individual performance.
| Role | Base salary (GBP) | Bonus range | Typical total |
|---|---|---|---|
| RM (5–10 years) | 100k – 140k | 20% – 60% | 120k – 220k |
| Senior RM (10–20 years) | 140k – 220k | 40% – 120% | 200k – 480k |
| Ultra UHNW RM | 220k – 300k | 80% – 200% | 400k – 800k+ |
| Team Head | 250k – 350k | 100% – 250% | 500k – 1.1m+ |
These ranges are indicative and based on observed market levels in London across 2025–2026. Individual offers depend on platform, seniority, FCA compliance history and proven, portable AUM.
Deep-dive insights for London-based bankers
Market commentary on UK private banking, non-dom changes, and talent flows.
Work with Executive Partners in London
Whether you are a London-based bank or a Senior RM considering a move, we provide confidential guidance on platforms, compensation and portability.
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