HK
Tag: Investment Management
My Masters (blog 5): If your investment philosophy is radically different to your prospective employer’s, don’t take the job
The Russian-American novelist and philosopher Ayn Rand argues that all of us have a philosophy of life. Likewise, when it comes to investing, I think it’s really good to know what you believe and how you know it to be true. Successful investing requires a unique blend of attributes and ideas. A humble spirit, for [...]
Daily Dispatches: UBS, Deutsche, Barclays, and Credit Suisse may slash more jobs, says J.P. Morgan analyst
Europe’s biggest investment banks, caught between worsening earnings prospects and demands for more capital, may have little choice but to accelerate asset reductions and job cuts. UBS, Deutsche Bank, Barclays, and Credit Suisse, may eliminate more jobs, speed disposals and scale down some businesses to slash costs and build up reserves amid the region’s sovereign [...]
It’s “pretty intimidating” when your new boss used to be the president of Nasdaq: Read part I of our interview with Michael Syn, head of derivatives at SGX
Here’s the first of a two-part Q&A. Q: Was working for the Singapore Exchange something you always envisioned yourself doing? I’ve known the SGX team since 2007, and of course have been a user of SGX markets, such as the Eurodollar pit, for much longer than that. I was in regular contact for a few [...]
My Masters (blog 1): Being a financial journalist is like sitting in a Ferrari but never driving it, so I’m doing a Masters to kick start my financial career
I’m about to embark on what I believe will be one of the most exhilarating chapters in my life: moving to London to study. But first, a little about what I’m giving up. I was previously the finance correspondent for The Straits Times in Singapore. In my job, I was privy to the blistering economic [...]
Daily Dispatches: expats in Asia feel the pinch
Expats in key Asian cities, including Singapore, are feeling the squeeze from the weak US dollar, which has pushed up their daily living expenses, a survey showed yesterday. Singapore’s rise in the ranking to become one of the top 10 most expensive Asian locations surveyed this year is largely a result of the strength of [...]
Daily Dispatches: Asia’s top-three hiring banks are…
Ask headhunters nowadays and they’ll tell you that in Asia’s investment-banking scene, there are only three banks that are making any significant moves now. Barclays and Standard Chartered, with the latter firmly ensconced in Asia and the former looking to build its reputation there – have gone on a hiring spree in recent months and [...]
Daily Dispatches: Samsung Securities hires 50
Samsung Securities, South Korea’s largest brokerage by market value, says it will hire 50 people in Hong Kong by the end of this year and is in talks with potential partners for a joint venture in China. (Bloomberg) Hong Kong-based First Eastern Financial Investment Group plans to raise US$850m via a new wholly-owned China subsidiary [...]
Is the hurt over for hedge funds?
The dark days of rising redemptions, office closures and shrinking headcounts may at last be over for Asia’s hedge fund sector. But recruitment is still selective, senior and sales-focused, with a real recovery not expected until next year. Hedge funds are making a minor comeback after suffering their worst year on record in 2008, outperforming [...]
GUEST COMMENT: How your career can cope with the credit crunch
Recent events in the financial services sector have left many finance professionals disillusioned, particularly with the companies they work for or the opportunities available to them. With the bankruptcy of Lehman Brothers, the acquisition of Merrill Lynch by Bank of America and the near collapse of insurance giant AIG, there is a high level of [...]
Private equity firms prospecting for talent
Private equity professionals of the world may have sounded a downbeat note at last month’s conference in Munich, but they’re still hiring in Asia. Stephen Small, director at headhunters Pelham Search Pacific, says strong execution focused bankers are most in demand for the PE community: “Associate to VP-level executors from an investment banking background, who [...]
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