HK
Sector: Commodities
StanChart finds talent in turmoil
Standard Chartered is facing down the credit crunch and stepping up its structured finance hiring. Lenny Feder, group head of financial markets, tells us: “We are taking full advantage of the turmoil in the markets to recruit.” While market mayhem may be making other banks cut back on structured finance, Standard Chartered has created a [...]
Will you be unlucky at UBS?
Asian jobs will be chopped at UBS, but only an unfortunate few have their heads on the block. UBS hasn’t revealed exact redundancy numbers for Hong Kong and Singapore, but spokesperson Mark Panday tells us the lay-offs won’t be more than 5% of the 2,500 and 2,300 staff who work in Hong Kong and Singapore [...]
Banks freezing, not firing in Asia
Banks may be busy slashing staff in London and New York, but Asia looks set to avoid the worst of the cutbacks. Merrill Lynch, which last week announced an additional 3,000 redundancies globally, does not plan to make significant reductions in Hong Kong and Singapore, according to a spokeswoman. “While there may be some minor [...]
Electric demand for energy traders in Aus
Volumes of electricity and futures options have hit record levels and energy trading desks are fizzing. d-cyphaTrade, the energy market’s official product sponsor and development company, says the number of financial energy trading desks has doubled since June 2007, with the banks and options trading houses among the biggest movers and shakers. Dean Price, general [...]
Lehman and Bear to draw blood in Asia?
Will the crisis at Bear Stearns, and Lehman’s plan to axe 5% of its global workforce, mean heads will roll in Asia? Lehman is making no formal comment on the plans but it’s understood that while cuts will be made across all businesses in all regions, the majority of the redundancies will bite in the [...]
Commodities boom fuels new Asian hires
With commodity-linked structured products gaining traction among Asian investors, investment houses are looking to increase commodities teams in the first quarter of next year. The Asian market for commodity derivatives is still very much in its infancy, with industry watchers valuing it at less than a tenth of the global market of US$200bn. “Banks with [...]
Dubai plea for project financiers
Project finance specialists are in such short supply in the Middle East that the oil-fired trajectory of infrastructure investment in the region risks crash landing. Local recruiters say there are simply too few experienced project finance people to plan, oversee and execute the US$1.3 trillion worth of oil and gas, petrochemicals or infrastructure schemes lined [...]
Guest comment: Forget hedge funds, focus on commodities
Commodities combined with Mandarin is the best recipe for a successful long-term career in financial services, says legendary investor Jim Rogers. If you’re at an early stage in your financial services career, I have one piece of advice: go into commodities. There’s a gigantic need for commodities people and there’s a very limited supply of [...]
Sing commodities jobs on a roll
Singapore commodities traders have plenty to look forward to – trading jobs are increasing, so are related risk management and administrative roles. Rama Pillai, who heads the members and institutions business at the Singapore Exchange (SGX), tells us there’s a particular need for staff with experience in ensuring the delivery of commodities following settlement. And [...]
SG builds in Chinese commodities
French investment bank Société Générale has promoted Stéphanie Clément de Givry to a new role as managing director and head of its commodities finance team in China. De Givry, who spent the last six years in Paris, has moved to Shanghai to head the team and reports to Pierre Palmieri, head of structured commodity and [...]
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