CN
Sector: Corporate banking
Leadership development is key to retention at banks in China
Banks’ leadership capabilities are becoming more critical to their retention efforts in China. The mindset that ‘reputation and leadership is not as big a deal as compensation’ is changing. Wendy Wu, accounting and financial service consultant at Antal International, says senior management should create and maintain a good image for their firm. Strong leadership skills [...]
Tricky interview question: It’s the last hour of the month and you haven’t met your sales target. What do you do?
An interview for a personal financial consultant role at a bank in Singapore was all going well until the following happened… The question The interviewer first asked: “You have two weeks of the month left and you have not met your sales target. What do you do?” Then he asked a trickier one: “You have [...]
Hang Seng faces a few hiring hurdles in its China push
Hang Seng Bank (China) hopes to continue to grow in the mainland this year, despite the Chinese government’s tightening measures and a tough job market for employers. The Hong Kong-based bank must compete for talent with both foreign and Chinese institutions, many of whom dwarf it in size and brand reputation. Hang Seng’s priorities in [...]
The China Column: Where the opportunities lie for foreign banks and why they need to pay more
Foreign banks in China have been on a fast track in terms of revenue growth over the past two years when the Chinese economy experienced double digit growth. Banks such as DBS, HSBC and Hang Seng saw their 2010 net profit more than double from the previous year. Things could be slightly different this year [...]
For the love of the brand: Chinese candidates shop around to get the best banking labels on their CVs
As foreign banks in China compete for a limited number of suitable candidates, it’s becoming more difficult for them to retain staff because job seekers are moving to competitors to give their resumes a short-term boost. “Branding is exceptionally important to the Chinese, so working for a top international firm here only increases an individual’s [...]
Compensation costs rise as SCB faces strong competition
If you want to expand your workforce in Asia, be prepared to pay for it. Just ask Standard Chartered. Its headcount rose 9 per cent last year compared with 2009, while staff expenses grew 17 per cent to US$5,765m, according to its annual report released this week. These statistics show the firm is starting to [...]
JPMorgan and Fidelity add further fire to trust company talent market
Trust companies are adding front-office headcount in China this year as they continue to increase their product range and the sector tempts more foreign investors. “The expandion has been going on for two or three years. Under the trust license, each company is trying to set up its diversified business, including corporate financing, wealth management [...]
Foreign commercial banks expand into rural areas but face strong local competition
Bank of East Asia’s recent branch opening in Shanxi echoes a series of expansions into rural areas by foreign banks such as HSBC, Standard Chartered and Citibank. These firms are creating relationship manager, sales, compliance, transaction banking, micro lending, credit and risk jobs. “For their rural branch recruitment at GM level foreign banks will transfer [...]
Transaction banking recruitment in China is red hot right now
It may not be the most glamorous part of financial services, but transaction banking is seeing plenty of hiring in China. Foreign firms like BNP Paribas have been preparing new product lines and transaction banking has also become a growth sector for local commercial banks such as China Minsheng Banking, which is developing new trade [...]
Dispatches: First foreign consumer finance lender sets up in China
Home Credit Group, a Czech company operating mainly in Russia and eastern Europe, has beaten some of the world’s largest financial groups to become the first foreign company to set up as a consumer finance lender in China. (Financial Times) Resident employment rate in Singapore has rebounded to a new high in light of the [...]
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