HK
Sector: Equities
Execution bankers needed next year if Asian IPO boom continues
The Asian IPO boom has pushed many ECM teams to capacity and created the potential for more execution-level recruitment in 2011. Asia ex-Japan has been the most active IPO region so far this year, with 62 per cent of global market share, according to Thomson Reuters. Asian IPO volumes between January and mid-October totalled US$97.2bn [...]
Message to salespeople in Asia: Just sit back and wait to be poached
French brokerage Newedge, a joint venture between Société Générale and Crédit Agricole CIB, plans to recruit at least 50 people for Asian sales in the next year. But by its own admission, procuring the right talent in this sector is a tough ask because all its rivals are poaching too. After making redundancies during the [...]
Dispatches: GIC eyes up IPO
Singapore’s main sovereign wealth fund is close to giving the go-ahead for an initial public offering of a parcel of Asian industrial property assets that could be the biggest IPO in the city state for nearly two decades. The Government of Singapore Investment Corporation is discussing valuations of between S$2.7bn and S$4bn (US$2bn and US$3bn) [...]
Nikko is upping its numbers
Nikko Cordial Securities, the brokerage and investment banking unit of Sumitomo Mitsui Banking Corporation, has announced plans to increase global staff numbers by 14 per cent (about 1,000 people) between now and the end of March 2013. According to a Bloomberg report, the hiring surge is aimed at tapping into what the firm expects will [...]
China could really do with some more ECM bankers
If you’re looking for a genuinely tight employment market, fuelled by real economic growth, try ECM in China. Last year China ascended the global IPO throne, accounting for 183 deals (the US managed 54) and making up 45 per cent of IPO volume, according to data tracker Dealogic. And for the first time, a Chinese [...]
Tell me what’s wrong with my CV (5)
We know you just love reviewing these resumes, so here’s another one to enjoy. Does this candidate have a shot at getting an equity research job? Let us know in the comments box below. “I am looking for a job in Singapore, preferably in equity research because I am interested in academic-related work, rather than [...]
Tell me what’s wrong with my CV (4)
You know the drill by now. Read this resume and write your comments at the bottom. This guy is currently working as an accountant and wants to move back into equity research. Does he stand much of a chance in the current market? EDUCATION Major university in California BS Management Science Concentration: Economics & Finance [...]
CLSA leads the way as brokerages begin hiring again
CLSA’s decision to boost its headcount and reverse its recent pay reductions reflects an improving recruitment market in the Asian brokerage sector. The firm is adding about 200 people in 2010, mainly in Asia, to tap growth in equity commissions and advisory business. At the end of this month it will pay about 500 senior [...]
Daily Dispatches: CLSA to hire 200 and reverse some salary cuts
CLSA Asia-Pacific Markets plans to expand its workforce by about 15 per cent in 2010 and compensate more than a third of its workers for salary cuts made this year as markets recover, says CEO Jonathan Slone. (Bloomberg) For years Nomura has marketed itself as a global investment bank with deep roots in Asia. But [...]
Employment anguish eases in ECM
Equity capital market deals in Asia-Pacific are on the up and there are some signs that demand for ECM bankers might be slowly improving. ECM transactions in Asia Pacific hit US$17.3bn in May, the highest level in nearly 18 months as companies moved to cash in on rising investor appetite for regional stocks. Some 183 [...]
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