SG
Sector: Asset Management
My Masters (blog 4): Some students are starting to worry as the job market worsens, but we must persevere, not panic
Two months into my Masters in Finance programme at London Business School (LBS), and we are talking more about careers and finance aspirations. These conversations come at a time when firms in the West are firing tens of thousands of people in a brutal reconfiguration of the global banking industry. Some recruiters have gone on [...]
Count your blessings if you work in the buy side in Hong Kong
While recruitment on the sell side has been slow going with hiring freezes and job cuts, buy-side recruitment has remained buoyant in Hong Kong even in these uncertain markets. Simon Roberts, managing director, head of Asia Pacific, Sheffield Haworth, says: “The buy side still seems to have the appetite to hire in Hong Kong, we [...]
The mysterious case of China’s disappearing fund managers
We’ve all heard about the dearth of banking talent in China. Perhaps not as well documented is the arduous search for top talent at Chinese fund houses. A recent Ignites Asia article reported that at least nine mainland fund companies have lost general managers this year and are still in the process of filling these [...]
Guest Comment: Here is the future of your banking career – it’s Asian and it’s green
With more investors focusing on environmental, social and governance (ESG) issues, the clean technology sector is booming in Asia. While the debate continues on how committed China is to becoming ‘green’ or whether the growth of solar PV manufacturing there is for domestic use or export, the fact remains that in 2010 China invested more [...]
Career CPR: Is it humanly possible to go from the big four to the buy side?
In the latest instalment of our Career CPR series, we hear from a CPA who is hoping to get into the buy side. Read his dilemma and offer your advice in the comments box below The dilemma: I’m a big four certified public accountant in Hong Kong with a background in transaction services performing financial [...]
Threadneedle likes nabbing senior bankers in Singapore but is it the only one?
Finally, something to shout about in Singapore’s asset management sector. UK firm Threadneedle has appointed Andrew Chan as head of product and business development for Asia Pacific, supported by Tony Poon and Harry Tan. What do these gentlemen have in common? They all worked for Merrill Lynch, clocking up about 80 years’ experience between them. [...]
M&A headcounts to shoot up as every bank from Goldman to RBS looks to recruit
The recent M&A rebound is expected to strengthen significantly this year, with global deals on track to rise 36 per cent to $3.04trn, according to a report by Thomson Reuters and Freeman Consulting Services. In Hong Kong this growth will cause banks to ramp up their M&A headcounts by about 10 to 20 per cent, [...]
Dispatches: China shakes up its funds management sector
The China Securities Regulatory Commission is preparing a series of sweeping regulatory reforms that will result in the further opening up of the fund industry and allow local fund management companies to expand their businesses. The CSRC plans to allow Chinese fund companies to set up subsidiaries for different business and allow their employees to [...]
Daily Dispatches: NAB’s Asian asset management expansion
National Australia Bank said today it agreed to acquire Hong Kong-based Calibre Asset Management for an undisclosed amount. The move comes as Australian banks look to expand into the fast-growing Asian asset management industry. (The Australian) Japan’s Mitsubishi UFJ Financial Group and Morgan Stanley will merge only part of the US firm’s Japan brokerage operation [...]
Daily Dispatches: APAC AXA axes AMP offer
AXA Asia Pacific says it has rejected as inadequate a takeover proposal from rival Australian wealth management firm AMP. (Bloomberg) Commonwealth Bank has reported a strong first-quarter profit, with business improving across the board, sending its shares sharply higher. (Sydney Morning Herald) Promise, Japan’s second-largest consumer lender by market value, may cut its branch network [...]
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