HK
Sector: Private equity / Venture capital
Non-bankers now beat bankers in battle to break into private equity
A limited number of vacancies and high recruitment standards are thwarting the ambitions of bankers who want a career in Hong Kong private equity. Non-banking candidates from sought-after industries, however, have a better shot of landing a PE role. Although firms such as Pacific Alliance are “picking up a few people” and new start-ups continue [...]
Jon Moulton’s favourite interview questions, and how to answer them
Jon Moulton has told us what he likes to ask candidates in interviews. If you are ever in an interview with Jon and you have read this article, you will therefore be at a substantial advantage. For those of you who have not heard of Jon, he is a very well known private equity investor [...]
There is no hiring gold rush in Asian private equity
Global private equity firms are generally bullish about Asian investment, but that hasn’t yet translated into huge amounts of hiring for their offices in Hong Kong and/or Singapore. Blackstone Group kick started 2010 in positive fashion by announcing the opening of a Hong Kong office in a bid to expand its activities in the Asia [...]
China Career Update: it’s tricky for i-bankers to break into private equity
Private equity firms don’t hire in the huge volumes people have come to associate with the talent shortage in China’s financial services sector. And when they do recruit, they have very specific requirements in terms of background and skill sets. Headhunters estimate that the most active private equity recruiter in China is probably CICC, the [...]
Daily Dispatches: PE firms target China
US firms, such as Blackstone and the private equity arm of Goldman Sachs, are establishing investment companies in China to raise renminbi funds from local investors and take stakes in local companies with Chinese partners. (Financial Times) China Merchants Bank said on Friday it would raise US$2.20-2.63bn via a rights issue of Hong Kong-listed H [...]
Prepare for a PE pickup: part II
In part II of a two-part series on Asian private equity, we discuss why contractors are currently in demand, and why support staff may have to wait a while before their skills are sought after. Private equity firms in Asia typically prefer to employ permanent staff, but the financial crisis is forcing many to use [...]
PE firms still scaling back in Asia
Further retrenchment is likely for the private equity (PE) industry in Asia as firms are forced to reduce costs. Gradual layoffs will take place over the next six to 18 months, especially in PE firms where the general partner cannot raise new funds, says Kelvin Chan, senior vice president of Partners Group and chairman of [...]
I-bankers set to scramble for PE jobs
Private equity is throwing out a limited lifeline to Singapore’s struggling employment market. But while some expansion is on the cards, a surplus of i-bankers means breaking into PE is getting even more difficult. Demand for private equity professionals will grow by about 10-15% over the next year, says Stanley Teo, a director at Profile [...]
Will operational skills become more vital to PE careers?
Operating a business may become just as important to future success in South East Asian private equity as brokering a buyout deal. Jennifer Goh, a consultant at recruitment firm Robert Walters, says there are existing roles in Singapore-based PE firms where the individual manages the firm’s existing portfolio of companies from an operational and financial [...]
Does Asian finance need more female leaders?
Temasek CEO Ho Ching has been proclaimed the most powerful woman in Asia, according to Forbes Magazine’s new list. She’s credited with converting Temasek from a Singapore-focused firm into a leading global investor. But does the finance sector in Asia have enough Ho Chings, or are aspiring female leaders still hitting a glass ceiling? Veronica [...]
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