HK
Company: Morgan Mckinley
Insurance sits pretty while banks get jittery
Even as banks are trimming fat from their workforces, it seems to be almost business as usual in Asian insurance recruitment. Although some banks have struggled to maintain profitability, the outlook for insurance firms in the region seems relatively optimistic. AIA and Prudential, for example, have seen strong growth in their Asian businesses in Q3. [...]
Asian recruitment bright spot alert: FX in Tokyo
UBS has made the news again, albeit for less shocking reasons than the rouge trading scandal or the resignation of its top bankers. The Swiss bank hired several executive directors for its foreign exchange desk in Tokyo. Toshimasa Fujii, formerly of Barclays Bank, is now head of e-commerce sales; John Shen-Nagakura from Société Générale has [...]
Why Aussies are coming to Asia: Careers matter more than money
Australian banking professionals are primarily moving to Hong Kong and Singapore because they want to grow their careers in large financial centres. As motivating factors, salaries and low taxes in Asia have to some extent been offset by the rising Australian dollar and increasing local living costs. Motivations to move So why are Australians still [...]
Six things you need to know about hiring in Hong Kong
1) Your next job will probably be a replacement or an upgrade If last year was all about growth hiring, many of the current vacancies have come about because of attrition. Banks are now more cautious, especially in an uncertain global economic climate, says Levina Poon, director, banking and financial services, Hudson Hong Kong. “They [...]
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 [...]
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 [...]
Three more terrific jobs for the new year
Here are some more sought-after job sectors, to follow up on last week’s report. Relationship managers, private banking As the status of Singapore as South East Asia’s key financial centre ever increases, so too does the demand for private wealth management services in the city state, says Nick Poole, executive director, Tiglon Partners Asia. There [...]
Banks brace for recruitment backlash as EU bonus rules look likely to affect Asian employment
The ability of banks from European Union countries to recruit and retain key rainmakers in Asia will be affected by the introduction of harsh new EU bonus rules. But the full extent of the impact remains uncertain for now as candidates wait for banks to reveal their compensation strategies in 2011. The final interpretation of [...]
DBS ramps up in China: Is this sensible hiring or a spree too far?
DBS’s plans to expand its treasury and markets team outside of Singapore are driven to a large degree by the growing internationalisation of the Chinese currency. But hiring the right people in China may prove problematic. The firm announced on Friday that it wants 200 staff to join the T&M team over the next three [...]
China Career Update: banks tighten their belts on expat packages
Compared with moving to Hong Kong or Singapore, going to China is (righly or wrongly) still considered a hardship assignment for some foreign bankers. However, their employers don’t necessarily agree – they are becoming increasingly picky when it comes to deciding who gets lucrative expatriate pay packages. “Some banks do still offer expat packages these [...]
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