HK
Sector: Corporate banking
Recruiter roundtable debates Singaporean jobs market
Employers and candidates in Singapore have become more cautious in the wake of the global financial crisis, but the local jobs market remains in comparatively good shape and is still attracting foreign talent. These are some of the key issues emerging from this week’s eFinancialCareers roundtable discussion, which was attended by senior internal recruiters from [...]
Would you work for ICBC?
Worried about your next bonus looking decidedly deflated? How about working at ICBC? Industrial & Commercial Bank of China earned US$9.42bn in the first half of this year to become the world’s most profitable bank. Its focus on domestic lending helped it all but avoid the credit crunch (Bloomberg). Compare that bumper profit to the [...]
UOB steps up growth in China
UOB is still busy hiring in the PRC as it continues to expand its franchise across the country, but the search for banking talent in Chinese cities is not without challenges. Chua Tian Chu, executive vice president for UOB in China, tells us: “We currently have over 300 staff in UOB (China), and will grow [...]
ANZ cranks up Asian hiring
ANZ is expanding its recruitment in Asian emerging markets. Kim Reid, ANZ’s head of HR Asia Pacific, tells us there are ‘huge employment opportunities’ in Cambodia and other emerging Asia countries. The bank hopes to be a trailblazer for other Australian firms as ‘emerging Asia’ comes to mean more than just China and India. ANZ [...]
Banker shortage in China
International banks are eager to expand in China but a lack of local talent and the reluctance of bankers to relocate is holding back hiring. Standard Chartered, for example, is recruiting aggressively to boost its current China headcount of 4,300. “Our mission is to build human capability and capacity to sustain a high growth momentum [...]
IB Asia seeks staff despite Islamic talent shortage
The Islamic Bank of Asia is tackling a talent shortage as its recruitment rate rises. Chief executive Vince Cook tells us: “It is recognised that the current supply of intellectual talent, such as financially trained Sharia scholars, is inadequate for the needs of an industry that is growing at 20-30% per annum.” But that’s not [...]
HSBC’s hunting for trade financiers – and so is everyone else
HSBC is cranking up hiring in structured trade finance (STF) as the sector emerges as a stable source of business despite the credit crunch. It’s already poached Sharon Tan from Standard Chartered, and its ambitions don’t stop there. Michael Lim, head of Asia Pacific STF for HSBC, tells us he is currently looking for a [...]
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 [...]
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 [...]
Riding the restructuring wave
Houlihan Lokey plans to double its staff in Asia in anticipation of a boom in restructuring work. But local expertise is thin on the ground. “There’s very little financial restructuring activity in Asia right now,” says Joseph Swanson, managing director of Houlihan Lokey. “Capital structures on the continent have traditionally been relatively simple, but as [...]
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