Reserve management staff salaries increase by almost 6% from last year
Staff in Europe remain the best paid globally
The annual salary of reserve management department employees increased year on year by 5.58%, according to data from the Reserve Benchmarks 2023.
Among the 29 central banks that addressed this question, employees receive an average of $38,876 annually. Last year the average was $36,765.
A high income central bank from Europe records the highest salary, remunerating its reserve management staff members with $131,246. Employees in a lower-middle income institution from Africa receive the lowest
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Over 15% of reserve managers plan diversification changes
Close to 14% of participants will increase diversification, while 17.2% are discussing changes
Fewer central banks added new reserve assets in 2023
Overall, 10.3% of institutions diversified their asset allocation, down from 18.6% last year
Wallstreet and others rank highest for reserves technology services
Ion’s Wallstreet treasury system tops the 2023 rankings
Reserve managers rank JP Morgan top for custody and banking
BlackRock preferred for knowledge transfer and capacity building
Reserve managers vote BlackRock as overall best asset manager
Goldman Sachs and “other” asset management firms also score highly
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