SBI to laterally hire nearly 1,000 in wealth mgmt

MUMBAI: State Bank of India is preparing to hire nearly 1,000 specialists in wealth management as customers show a growing preference for investment products over plain savings. The recruitment, announced through an advertisement for Specialist Cadre Officers, covers relationship managers and customer relationship executives, across major commercial centres such as Mumbai, Bengaluru, Chennai and Delhi. The fixed-term, lateral roles centre on managing affluent and high-net-worth clients, selling investment and insurance products, and boosting revenue linked to portfolios rather than deposits.