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My Masters: Put things in perspective – there is more to life than worrying incessantly about the job marketGoogle “how to stay unemployed and yet be happy” and all sorts of websites will pop up telling you how to keep yourself sane when you are jobless. The tips – they range from tapping the state’s unemployment benefits and touching up your CV to doing volunteer work – might come in handy when the [...] |
Daily Dispatches: ANZ’s Chinese expansion continues; Goldman Sachs and Comgest make senior hires
Guest Comment: My guide to dealing with those annoyingly negative interview questions designed to take you down a notch or two
My road to a client-facing role: How I went from operations to enterprise banking
The Runaway MBA: How to stay a winner, not a whiner, when you’re looking for work (and how Michael Phelps can help)
Daily Dispatches: Samsung Securities slashes half its Hong Kong staff
Samsung Securities yesterday confirmed that it is significantly reducing its presence in Hong Kong and will shift the focus of its international business towards Korean equities. The number of employees in Hong Kong will be cut by more than half from about 100 at present, it said. (Finance Asia) More people were employed in Singapore [...]
Daily Dispatches: A rather frightening list of banking’s biggest compensation cutters
Morgan Stanley, Citigroup and Credit Suisse made some of the year’s biggest cuts in compensation for investment bankers, averaging as much as 30 per cent, as Wall Street firms grappled with lower revenue. (Bloomberg) The former chief executive of the Royal Bank of Scotland, Fred Goodwin, has been stripped of his knighthood by the Queen [...]
Daily Dispatches: More job cuts to come in Hong Kong but rise in finance-sector unemployment won’t last
Hong Kong is bracing for more finance-sector job cuts as Western banks, many of which base their regional operations in this business hub, scale back their Asian expansion amid the fallout from Europe’s debt crisis and a generally weaker global economy. But for the city’s finance sector, which employs roughly 180,000 people, or 4.9 per [...]
The state we’re in: An infographic of global financial recruitment trends from eFinancialCareers
Sometimes it’s best to let the pictures (and the numbers) do the talking, so below we present an enlightening infographic of eFinancialCareers’ global data from last year. From an Asia Pacific perspective, you can see that Singapore and Hong Kong are popular choices for international financial professionals. Click on image to view full-size infographic
Guest Comment: My take on hiring in 2012? Consider a Chinese firm
Last year was a dismal 12 months for the international banking and financial industry, with little sign of respite as we head further into 2012. With Europe occupying our thoughts, and driving the uncertainties, many are finding it hard to look beyond the doom and gloom and identify any bright spots. Asia has of course [...]
Daily Dispatches: RBS’ Hester gives up his bonus
Stephen Hester, the chief executive of Royal Bank of Scotland, has bowed to intense political pressure and waived a bonus of nearly £1m. (The Guardian) China’s national auditor has warned of potential risks in the fiscal and financial sectors this year, the state-run Xinhua News Agency reported Saturday, citing the auditor. China faces a certain [...]
This is not a nice dragon: More job cuts may come after Chinese New Year
If you are heaving a sigh a relief that you have managed to hold onto your job as we enter the Year of the Dragon, here is some rather inauspicious news: investment banks in Asia are not quite done with their cutting. Simon Roberts, managing director, Sheffield Haworth, says: “I don’t think the bulk of [...]
The Insider: Here’s my short and not so sweet view of the Hong Kong employment market
Hong Kong-based investment professionals face strong headwinds because of the sharp deterioration in global market equities since May last year. Hong Kong’s own market has been battered by international macro economic uncertainties, which have chipped away at investor and market-participant confidence. I met a headhunter recently, who had this to say about the state of [...]
Daily Dispatches: Credit Suisse bankers in Asia ought to be grateful they aren’t in the West
Credit Suisse may slash compensation for bankers in Asia by as much as 20 per cent. Still, that’s better than the 30 per cent cut the firm is inflicting on some senior bankers in other regions. (Bloomberg) The Islamic Bank of Asia has made two senior appointments – a Singapore-based head of i-banking and a [...]
Why your employer could fire you, but then help you with your job hunting
The recent news that ipac is closing in Singapore and Hong Kong will affect some 80 staff, but according to the The Business Times, the financial planner will help retrenched employees seek out jobs in other firms as well as possibly redeploying them within parent company AXA. Gary Harvey, ipac Singapore’s chief executive, told the [...]
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