HK
Tag: Hiring
Survival of the specialists: How HR professionals can keep their jobs
Yes, redundancies have hit banking support functions like human resources fairly hard in Asia. Yet, it’s not all doom and gloom – pockets of recruitment remain, especially for specialised roles. Ronald Bastyr, practice leader, human resources, The MRI China Group, Hong Kong, says: “There have been some cuts at the middle, VP level. There have [...]
Daily Dispatches: HSBC eyes China growth, while ING and J.P. Morgan make key hires
It’s not just DBS that will be hiring in a big way in China. HSBC also has plans to add more mainland branches and raise its stake in the Bank of Communications. (The Standard) ING Investment Management hires a new head for Asian fixed income. The team will grow to 10-people strong. (Asian Investor) J.P. [...]
Daily Dispatches: 2012 kicks off with promotions and new jobs for some of Asia’s brightest
Banking stars with China expertise are much loved even if there’s a huge amount of cost consciousness now. Here’s a look at where some of Asia’s top banking stars moved to over the past year. (The Wall Street Journal) Stephen Barker, formerly from MF Global, starts this week at Credit Suisse as an equities analyst [...]
ANZ’s Asian expansion will be steady and “disciplined”, says its HR head for Hong Kong and North East Asia
Tina Lavranos, head of human resources, Hong Kong and North East Asia, ANZ, has a chat with eFinancialCareers about why the firm continues to grow in Asia Pacific, even as some of its rivals scale back in these sombre times. Q: Media reports say ANZ will increase its China outlets to 20 from the [...]
Hard hiring truths of being a small fry in the Asian private banking scrum
Every bank wants a slice of the Asian wealth pie and many are recruiting in the region, especially the Swiss, it seems. We’ve all heard about how Swiss private banks – ranging from UBS, Credit Suisse, Julius Baer, Sarasin, Pictet, BSI, and Border & Cie – are eager to grow their Asian business this year. [...]
A decent Q2 doesn’t mean mad hiring for DBS
The earnings season for Singapore banks got off to a hopeful start yesterday with the release of DBS’s second-quarter results, but don’t expect a recruitment rush or salaries to spike. The firm’s second quarter earnings rose to S$735m – that’s a 2 per cent increase from the previous quarter. It also registered a 23 per [...]
The West has its hiring freezes and redundancies, but in Singapore Goldman Sachs is showing off new office space
Dismal Q2 earnings, redundancies and hiring freezes: many global banks are having a hard time in the West. But in Singapore it’s a different story. The Straits Times reported today that Goldman Sachs, which unveiled poor Q2 earnings earlier this week, has expanded its Singapore office floor “with enough space for 400 staff”. While the [...]
Bad news in Singapore: H1 hiring is down on last year; H2 hiring will be down on last year too
Singapore vacancy volumes are softening, but not collapsing, as several job functions remain in demand: that’s the key message from the recent eFinancialCareers roundtable in the city state. Although redundancies remain rare, recruitment is down on last year because an emphasis on cost control means firms are not expanding as rapidly as they were in [...]
No redundancy fear at SCB this year, despite those 800 disappearing jobs
There are 800 fewer Standard Chartered employees globally now than there were at the end of 2010. But Singapore’s share of the headcount fall has come mainly from natural attrition – redundancies have been rare. “The important thing to note here is that the bank is not going all out to replace those who have [...]
The Returnee: Three reasons why I prefer using recruiters rather than applying directly to banks
One good thing about the recruitment agency business in China is that it is not yet well established, so firms are expanding organically and proactively looking for new business and candidates. I have met quite a number of headhunters, most of whom used to work in banks themselves. With their banking backgrounds, they know exactly [...]
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