HK
Company: Manpower
Daily Dispatches: Competition for talent in Singapore’s is “ruthless”, says country chief for Citibank
Michael Zink, Singapore country chief for Citibank, warns of potential future talent wars. (Wall Street Journal) Why UBS just can’t stay out of trouble. (Guardian) China’s economy is highly likely to slow next year and efforts to spur growth will be constrained by inflation and government debt burdens, said Wu Xiaoling, a former deputy central [...]
Guest Comment: Burn textbooks and swallow ashes? Here’s what it’s really like to go through Singapore’s new compulsory certification for recruiters
Okay, if you are a recruiter this may be something you already know. The Ministry of Manpower in Singapore recently revised the Employment Agencies (EA) Act. This means that recruiters like me have to be certified with the Certificate of the Employment Intermediaries (CEI). As a Key Appointment Holder (KAH, yes another acronym) of an [...]
The facts about front-office roles at foreign banks in China
We speak to Monica Pei, team leader, accounting & finance practice, Manpower Shanghai, about front-office roles at foreign banks in China. Q: What are the main requirements for front-office positions at foreign banks? A: The most common front-office position is the relationship manager. It requires skills both in customer retention and business development, including good [...]
Daily Dispatches: If you want overseas work experience, Singapore beats Hong Kong
Financial professionals love Singapore for overseas work experience, according to our own poll. (Channel NewsAsia) And the Republic has low unemployment, according to a Ministry of Manpower survey. (asiaone) The UK government now likes ring-fencing. (The Economist) Japanese firms grapple with the post-expat exodus by seeking local hires, but here’s why that talent quest is [...]
Would you seriously consider moving to China?
Moving to the mainland is still not for everyone but it’s becoming an increasingly viable option for some Hong Kong candidates. Hong Kong banking professionals bring several advantages to mainland-based jobs, including senior-level expertise in a specific sector or product, management skills, and overall professionalism, says Cherol Cheuk, director, banking and financial services, Hudson. They [...]
Things can only get better this quarter: At least that’s what the hiring surveys say
If you want to get hired, especially into a newly created role, Q1 is a good time to achieve your aim. The recruitment firms have recently published a string of upbeat surveys about the Hong Kong and Singapore job markets. To avoid you trawling through them all, here are some highlights. And remember, if you [...]
Big Four auditors: Banks in China want you
Like their counterparts in other countries, some auditors in China think banking is a more glamorous, better paid sector, so they apply to join banks after working at the Big Four accountancy firms for a few years. For their part, banks generally view candidates from KMPG, PricewaterhouseCoopers, Ernst & Young, and Deloitte as being highly [...]
Transportation, housing, clothing, food, phones and books: why you might be better off at a Chinese bank
Do foreign banks always offer the best compensation packages in China? No is the short answer. In fact, when you add up all their bonuses and numerous non-taxable allowances, employees at Chinese banks often get paid more. Coupled with traditionally shorter working hours, this makes it increasingly hard for recruiters to lure local candidates into [...]
Why getting a job in October or November could be a bit tricky
On Tuesday we told you that salary increments were returning to their pre-GFC peaks. Now here’s another, slightly more sober, return to normality: unlike this time last year, when banks finally opened their hiring floodgates, Q4 2010 should live up to its seasonal reputation and spark a slight decline in recruitment rates in Hong Kong [...]
Dispatches: Chinese banks ordered to account for loans
Chinese banks have been ordered to account for around Rmb2,300bn ($340bn) in off-balance sheet loans in a move that could put some lenders under serious stress and require another large round of capital-raising. (Financial Times) Industrial and Commercial Bank of China (1398) is offering a premium of nearly 28 percent, or about 2.1 times price-to-book [...]
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