SG
Sector: Corporate banking
Candidate Blog: Four types of employers; four awful interviews. Come experience the pain of my Singapore job search
If there is such a term as an “avid job hunter”, I would definitely fit the description perfectly – not that I take pride in being one. After dozens of interviews for an analyst role with financial institutions, small setups, boutique funds and corporates, I can safely say that I have met many people from [...]
Daily Dispatches: Competition for talent in Singapore’s is “ruthless”, says country chief for Citibank
Michael Zink, Singapore country chief for Citibank, warns of potential future talent wars. (Wall Street Journal) Why UBS just can’t stay out of trouble. (Guardian) China’s economy is highly likely to slow next year and efforts to spur growth will be constrained by inflation and government debt burdens, said Wu Xiaoling, a former deputy central [...]
Daily Dispatches: Big profits at big Chinese banks, but signs of strain starting to show
China’s big banks reported hefty profits in the first half of this year, but signs of strain are showing from their massive lending binges and as they struggle to meet tougher capital requirements. (Wall Street Journal) Agricultural Bank of China beat market estimates and reported a 45.2 per cent rise in first-half net profit to [...]
Tricky interview question: It’s the last hour of the month and you haven’t met your sales target. What do you do?
An interview for a personal financial consultant role at a bank in Singapore was all going well until the following happened… The question The interviewer first asked: “You have two weeks of the month left and you have not met your sales target. What do you do?” Then he asked a trickier one: “You have [...]
Hang Seng faces a few hiring hurdles in its China push
Hang Seng Bank (China) hopes to continue to grow in the mainland this year, despite the Chinese government’s tightening measures and a tough job market for employers. The Hong Kong-based bank must compete for talent with both foreign and Chinese institutions, many of whom dwarf it in size and brand reputation. Hang Seng’s priorities in [...]
For the love of the brand: Chinese candidates shop around to get the best banking labels on their CVs
As foreign banks in China compete for a limited number of suitable candidates, it’s becoming more difficult for them to retain staff because job seekers are moving to competitors to give their resumes a short-term boost. “Branding is exceptionally important to the Chinese, so working for a top international firm here only increases an individual’s [...]
No redundancy fear at SCB in Singapore 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 [...]
JP Morgan is shopping for corporate bankers but don’t expect overall demand to shoot through the roof
JP Morgan intends to hire 40 global corporate bankers across Asia and it wants mostly local candidates to fill the vacancies. But this move isn’t likely to spur a hiring frenzy in Singapore’s corporate banking sector. The JP Morgan hires will be Asia-based as there are “no major plans” to relocate staff, says a bank [...]
Compensation costs rise as SCB faces strong competition
If you want to expand your workforce in Asia, be prepared to pay for it. Just ask Standard Chartered. Its headcount rose 9 per cent last year compared with 2009, while staff expenses grew 17 per cent to US$5,765m, according to its annual report released this week. These statistics show the firm is starting to [...]
Editor’s Take: HSBC is right to pay better bonuses in Asia
HSBC is taking talent defection in Asia quite seriously these days – it’s giving top managers there better bonuses than their UK counterparts. As we reported in December, the firm bumped up base salaries in Hong Kong last year ahead of new EU bonus rules which it feared would restrict its ability to recruit and [...]
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