HK
Company: BNP
Daily Dispatches: Blackrock poaches from HSBC while RBS reaffirms its Asian ambitions
HSBC’s still in the news: Blackrock has nabbed Mark McCombe, the bank’s Hong Kong CEO as its Asia-Pacific chairman. (AsianInvestor) RBS’ John McCormick is gunning to be top three in Asia. (Scotland on Sunday) Here’s why the fish always stinks from the head at Chinese banks. (TODAY) August was the bleakest month this year for [...]
Mixed hiring fortunes for foreign banks in Japan
The report card for 10 major foreign banks in Japan in the last fiscal year (ending March 31) was quite a mixed bag and correspondingly, hiring plans for these firms have varied this year. Bloomberg reported last week that Morgan Stanley trounced its rivals, more than doubling its revenue to 80.5bn yen, allowing for a [...]
Foreign bankers flee Tokyo for Singapore and Hong Kong. Japanese work on
Singapore and Hong Kong are the most popular Asian destinations as foreign bankers flee Tokyo. And rather than putting jobs in jeopardy, firms are accommodating individual, temporary requests to relocate. However, the main danger for employers is that some experienced expats may decide never to return, say headhunters. “With expats being encouraged to go home [...]
Will China Everbright generate more IPO-related jobs?
These are exciting times for Hong Kong and China’s initial public offering (IPO) market, as activity there picks up. Just six months after China Everbright Bank raised US$3.3bn in its Shanghai IPO, the firm recently announced it plans to list in Hong Kong. The offering, estimated to be a cool US$7bn, is touted to be [...]
Hong Kong M&A headcounts to shoot up as every bank from Goldman to RBS looks to recruit
The recent M&A rebound is expected to strengthen significantly this year, with global deals on track to rise 36 per cent to $3.04trn, according to a report by Thomson Reuters and Freeman Consulting Services. In Hong Kong this growth will cause banks to ramp up their M&A headcounts by about 10 to 20 per cent, [...]
It’s never too late to nab a transaction banking job: Citi, HSBC and SCB are still hiring in Q4
On the back of aggressive expansion by new entrants, as well as rising demand for complex trade and cash solutions, recruitment rates in Asian transaction banking are showing no signs of slowing down. Large commercial banks such as Citibank, HSBC and Standard Chartered continue to dominate the transaction sector and are aggressively filling positions, but [...]
Dispatches: ICBC buys US brokerage
Industrial and Commercial Bank of China, the world’s biggest lender by market value, paid a token US$1 for a small US brokerage, the Wall Street Journal reported yesterday, citing people familiar with the matter. Beijing-based ICBC is buying the Prime Dealer Services unit of Fortis Securities from BNP Paribas SA, allowing France’s biggest-listed bank to [...]
Daily Dispatches: Prudential’s bid for AIA given regulatory approval
UK regulators have agreed in principle to Prudential US$35.5bn purchase of AIG’s Asian life insurance unit, sources familiar with the situation said, and the British insurer hopes to price its bumper rights issue within days. (Straits Times) JP Morgan will open a precious metals vault in Singapore in the third quarter of this year, according [...]
So you want to work in China…
Sights set on moving to the mainland this year? Here are some of the most active types of employers and job sectors. Asset management This sector will benefit from the growth of the Chinese economy and the evolution of the country’s capital market. “The talent shortage is expected to continue. Hot positions like fund manager [...]
The new private banking hiring boom is in China
As China’s fledging private banking sector starts to expand, local and foreign firms face a fierce battle to find talent. The number of mainland (US dollar) millionaires is expected to reach 450,000 by the end of the year, according to a new report from Boston Consulting Group. And private banks are obviously keen to turn [...]
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