HK
The Junior: The mouthwatering opportunities outside of banking that potentially await you after two years grunt work as an analyst
Investment banking analysts who have worked for two to three years typically have rosy futures in front of them. Even for those who choose not to become an associate in a bank, there are many options to pursue. Their IB experience, especially if it’s at a tier-one firm, is coveted by employers outside of banking. [...]
Daily Dispatches: Singaporean finance professionals get a leg up; Formula One’s IPO takes flight
The Singapore government has announced a slew of programmes to better develop Singaporeans into finance chiefs. These include raising the employment pass standards of foreigners to manage the growth of the expat workforce and the provision of scholarships for young professionals. (The Straits Times) Formula One has been given the go ahead for a US$2.5bn share [...]
Why being approved for a banking job is a tedious, tortuous process (and why this may not be a such a bad thing)
The time it takes from first interview to job offer has got even longer for candidates this year, but there is a potential upside – for both employers and candidates. The 17 senior financial HR professionals who attended the recent eFinancialCareers roundtable in Hong Kong agreed that the hiring process is as protracted as it [...]
The Runaway MBA: Choosing between Singapore and Hong Kong is overwhelmingly complicated
Before I begin, I can already hear the choir singing, “that dumb ignorant American”. But coming from the US, how do you distinguish between Singapore and Hong Kong? They both sound equally exciting. How do you choose where to focus your time and effort when networking? If you’re a Singapore or Hong Kong local, can [...]
Investor protests aside, here’s another very persuasive argument against generous banker pay
Executive pay isn’t all that it’s cut out to be, if a recent joint study by PricewaterhouseCoopers and the London School of Economics is anything to go by. Making executive pay work: The psychology of incentives, surveyed 1,106 executives across 43 countries. Ironically it found that highly complex compensation packages with deferred bonuses – beloved [...]
Daily Dispatches: Experienced bankers wanted at Coutts
Coutts is keen on recruiting senior directors in Asia, Middle East, UK, Eastern Europe and Switzerland. The firm has ramped up headcount in this area by a third since January this year. It’s also hired about 20 new senior executives, with about another 10 starting work soon. The bulk of the hires hail from Credit [...]
Daily Dispatches: Rich Americans are being given the cold shoulder in Asia
HSBC, Deutsche Bank, Bank of Singapore and DBS have all turned away wealthy American clients ahead of the “draconian” Foreign Account Tax Compliance Act. Tan Su Shan, head of private banking at DBS, says: “I don’t open US accounts, period.” (Bloomberg Businessweek) “Japan’s mega-banks have lumbered off their home territory to pick up some of [...]
Daily Dispatches: Suitors galore for BofA’s private banking assets; Credit Suisse loses top banker to Temasek
The Royal Bank of Canada, Credit Suisse and Julius Baer are all keen on buying Bank of America’s non-US wealth management business.(Reuters) The global head of Credit Suisse’s mergers business, Boon Sim, has left to head up the North American operations of Singapore-based investment firm Temasek Holdings. (The Wall Street Journal) The new owner of [...]
Goldman’s global head of growth markets succinctly explains how investment bankers can ensure they’re never without work in future
Goldman Sachs has been making videos and placing them on YouTube. They don’t appear particularly popular: some only have a handful of hits. Some appear to have none at all. However, this one, featuring J. Michael Evans, its global head of ‘Growth Markets’, deserves some attention. In it, J. Michael volunteers a perspective on what [...]
Being a boss of 2,000: Stewart Carmichael, MD and CTO, investment bank, Asia Pacific, J.P. Morgan, discusses retention, his career challenges and life as a “gypsy”
Q: Was banking what you always envisioned yourself doing? No it wasn’t, I originally joined a technology firm because I was looking to leverage on the education I had in computer science. Twenty five years ago, there wasn’t as much awareness of financial services, which is much more mainstream now. I worked for a couple [...]
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