Pros
Nice BAU place to work, if you want a laid back job where there isn't much change and you just stick to the status quo. Salary is ok and bonus pretty average but ok for what you actually do. The day to day environment is on and majority of people are nice and you will get by if you have a little bit of ambition.
Cons
Poor management hired from some larger firms but who have never worked in a growing business and no the basics, they will just delegate any tough work but reap benefits of the long lunches and business trips. Lack of fund vehicles with no support to sell these products in the marketplace so just pretty much sitting on low AUM funds with no demand from prospects. Systems are archaic but manageable due to the low number of clients and sales activity. Hard to progress unless you are older where the Yes man/senior mentality the Tokyo head office helps, you have to be at least 40 to be considered for a senior position. As mentioned before majority of people are nice but some have their own agendas to move ahead and people will talk about you behind your back. People have been dismissed and its been known well in advance with people making moves to better their own position ahead of others, it seems as if FCA rules pretty much don't apply in some cases.