HK
Watch out underachievers in Asia: Banks are set to focus bonuses on star talent as the compensation gap widens
We’ve seen the headlines about Asia fighting hard to keep its top banking talent. Yet at the same time we hear incessant warnings that bonus pools will shrink. This begs the question: how can firms retain their star performers during these cost-conscious times? Money remains the perennial carrot it seems.CNN reported last week that the [...]
Hey boss: Your Gen Y staff probably hate you – here are five things you should do now to stop them quitting
I recently met a group of my ex-colleagues for supper and I realised that there were more alumni represented than people who still work at the firm. You can imagine the conversation: we started with reminiscing about the happy and funny moments, but slowly somehow, it always turned to complaints and bitterness about missed opportunities [...]
The Runaway MBA: When employers hear “MBA”, they assume you are overpriced and inexperienced. My advice to prospective students…don’t do it!
The admissions department of my MBA school called me recently and asked if I would attend a reception for the new batch of prospective and accepted students. I responded to the request politely: I could not come. After all, if I did show up, I would not be able to provide romanticised answers that were [...]
Daily Dispatches: Why even Goldman Sachs is struggling in China
China has been the world’s biggest market for initial public offerings for the past five years. But on the mainland’s bourses, Goldman Sachs has not underwritten a single IPO since 2009. (Financial Times) “Over the next 10 or 15 years, the biggest challenge facing the whole financial sector is how we allocate capital and credit [...]
Daily Dispatches: What Standard & Poor’s thinks about Asia’s banks
Naoko Nemoto, managing director for financial institutions ratings at Standard & Poor’s, examines the themes that have emerged in Asia-Pacific from the application of its revised bank criteria. (Finance Asia) Morgan Stanley, the only large Wall Street bank to avoid major job cuts this year, said on Thursday that it would fire 1,600 employees in [...]
Daily Dispatches: Hong Kong has a more developed financial market than the US or UK
Hong Kong topped the World Economic Forum’s 2011 index of financial market development, supplanting the United States and UK from the highest rankings for the first time. (Shanghai Daily) Standard Chartered plans to increase takeover financing for Indian companies as it seeks to gain ground in mergers advisory in emerging markets on rivals weakened by [...]
Daily Dispatches: China to be world’s top IPO market by 2025, says PwC report
China will overtake London and New York by 2025 to become the preferred destination for companies around the world to raise equity capital, according to a survey conducted by PricewaterhouseCooper. (Finance Asia) After a year of smooth and spectacular growth, the offshore renminbi market in Hong Kong is no longer complying with the bullish expectations [...]
Wealth management hiring just won’t die: Barclays, Credit Suisse and UBS still want private bankers in Asia
In a sea of pink slips, private banking in Asia remains a beacon of recruitment hope, if recent announcements are anything to go by. UBS and Credit Suisse have continued to hire private bankers in Hong Kong, while Barclays Wealth plans to recruit 40 to 60 private bankers in Singapore, Hong Kong and India. Can [...]
My Masters (blog 6): Gene Simmons, business guru
There is more to life as a London Business School (LBS) student than team projects or the networking tête-à-tête. Because the institution has clout, with a terrific reputation to boot, we attract fantastic speakers to campus and this makes the whole B-school experience so invaluable. We recently had Gene Simmons and Ferran Adria give their [...]
Guest Comment: The only way to succeed in finance is by playing nasty office politics – here’s what I’ve seen and learnt
If there is ever a poignant piece of advice that university lecturers and textbooks failed to warn me about upon graduating and entering the workforce, it is the fundamentals of office politics. Not long after finding my feet in my new professional environment, I learnt pretty quickly that sometimes it’s the brownnosing and “who you [...]
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