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Dispatches: Hang Seng to hire 200 in China

Hang Seng Bank plans to hire up to 200 new staff next year to support its business expansion, its chief executive said yesterday. “People tops our priority as we try to hire, train and retain talents,” said Dorothy Kwan, vice chairman and chief executive of Hang Seng China. (Shanghai Daily)

Goldman Sachs sharply reduced its bankers’ pay pool in the third quarter, bringing the amount of revenues it earmarks for employees to a record low, as a slowdown in trading hit profits. (Financial Times)

ANZ appears to have lost out to another bidder in the race to gain a majority stake in Korea Exchange Bank (KEB). Hana Financial Group will sign a contract tomorrow to buy a controlling stake in Korea Exchange Bank from Lone Star Funds for as much as 4.75tn won ($4.3bn), a deal that would be the biggest acquisition for Hana. (The Age)

A growing number of employees in Singapore are becoming more savvy at marketing themselves in a fast-changing job market, according to a survey. And most – almost three-quarters of the more than 2,700 polled – are prepared to spend their own money to upgrade their skills, and not wait for their employers to take the initiative. (Asia One)

In cricket batsmen often need a slice of luck to build a decent innings. Might that be true of cricketers’ careers in general, and even of other jobs? In an IMF working paper Shekhar Aiyar and Rodney Ramcharan suggest that it is lucky for international cricketers to play their debut Test match at home. A good start may have a persistent, positive impact in other fields, too. That’s especially likely if employers take things at face value and fail to discount the impact of other factors that might enable good performance-a boom in financial markets for a trader, let’s imagine. (The Economist)

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