Not just Australian mandates moving to Asia

eFC logo

Last week South Australian-based Funds SA appointed Hong Kong-based Lloyd George Management to manage an Asia ex-Japan equities mandate worth A$66 million. Launched last December, the Myer Family Office is also a seed investor in Lloyd George's Asia-ex Japan fund.

Moving with the times

Not only are mandates leaving our shores - international banks are looking overseas to hire high-quality candidates.

"In the past, the UK and the US have been the obvious locations to look for experienced front office staff as these markets have been more established and the skills more prevalent," says Paul Pryde in Hong Kong, a headhunter with Wood Hamill.

However, Pryde says now, as the Australian market further matures, it too is proving to be a very good source for front office finance professionals.

Although there has always been a large Australian community in the investment banking business in Asia, the stellar growth that the region is experiencing is luring candidates over. "More people are willing to relocate in order to take advantage of the growing career opportunities and attractive compensation packages on offer," says Pryde.

As a basic guide for salaries, a senior equity analyst in Asia could expect a base salary of US$150,000 with a 50%-100% bonus. Whilst expatriate salary packages are no longer the norm, most banks will still pay for relocation costs.

Popular job sectors


Search jobs

Search articles