HK
Sector: Investment
Daily Dispatches: Could European bonus rules affect the talent flow into Asia?
EU rules on bonuses will put banks in Europe at a disadvantage compared with their rivals in Asia. “If you can’t be competitive with compensation, of course it’s going to be more challenging to attract quality people,” says Russ Gerson, chief executive officer of New York-based executive-search firm Gerson Group. (Bloomberg Businessweek) Top Stan Chart [...]
Paying double: Salary wars in China could well go into overdrive in 2012, say mainland HR heads
The pay wars in China’s financial sector, where many candidates get 30 to 50 per cent salary increases (sometimes even more), are not going away anytime soon. In fact, the prediction is that firms in China will have to fork out even more to attract and retain talent come 2012. That’s according to the 10 [...]
Daily Dispatches: China starts buying its own banks
China’s sovereign-wealth fund stepped in Monday to buy shares of the country’s battered banks, which have been caught in a selloff that analysts say reflects a broader loss of trust in the integrity of corporate earnings and government statistics. The skepticism of investors comes as China has become increasingly exposed to global markets, largely through [...]
There’s no time machine to bring you back to 2010: Here’s the (slightly ugly) truth about salary rises in Hong Kong
Candidates in Asia are probably wistfully wishing they could go back in time. Just a year or two ago, salary increases for those moving firms were a generous 20 or 25 per cent. Today, thanks to the global slowdown, pay rises across banking jobs in Hong Kong are about 10 or 15 cent, according to [...]
Daily Dispatches: Mumbai bankers are almost homeless
Mumbai’s bankers are in desperate need of homes. (Bloomberg) Netherlands-based Flow Traders sets up its sales trading team in Singapore. (AsianInvestor) Private bankers are the envy of their i-bank counterparts in the current market. (Reuters) Here’s why Hong Kong won’t be heading into a recession. (Hong Kong Business) Citic Securities market debut has been ho [...]
Daily Dispatches: Hong Kong bankers will have to moderate their salary expectations for now
Hong Kong candidates will have to temper expectations of hefty salary increases: try 10 or 15 per cent, instead of 20 or 25 per cent. (FinanceAsia) More resignations at UBS: The two business heads of the unit where the $2.3bn rogue trading scandal took place have quit. (Financial Times) Royal Bank of Canada wants to [...]
I was nearly an MD at Credit Suisse, but I gave it all up to teach Pilates
We speak to Thicha Srivisal, a Thai national and Singapore permanent resident, who gave up her well-paid director job at Credit Suisse to run her own business, Breathe Pilates. Ballet not banking I never grew up wanting to be a banker; instead my dream was to be a professional ballerina. When I was 12, I [...]
Candidate Blog: Read this very carefully before deciding to work for a Chinese bank in Hong Kong
Having worked in Chinese companies in Hong Kong for four years, I have faced some situations that made me ask: “What’s wrong with this firm?”. For those of you who want to join a Chinese bank, please ask yourself: “Are you ready for the Chinese working culture?” Here are some examples, so you can see [...]
Daily Dispatches: Mitsubishi UFJ remains committed to Morgan Stanley marriage
Mitsubishi UFJ said it’s “firmly committed” to its strategic alliance with Morgan Stanley, as shares of the US bank tumbled to their lowest level since December 2008. (Bloomberg) J.P. Morgan leapfrogged over Goldman Sachs and other banks to grab the top share of fees for advising private-equity firms through the first nine months of this [...]
Daily Dispatches: The challenges of keeping a cohesive culture as banks chop and change staff
UBS insiders say the constant influx of new staff, plus a virtual merry-go-round at the top, had already made it hard to knit together a cohesive culture. The investment bank has reshuffled its executive committee more than 10 times in three years, bringing in senior people from Deutsche Bank and other rivals who frequently brought [...]
Follow eFinancialCareers
What is RSS?
