Heard on the Street: Expat Packages –The end of an era?

17 February 2012 | 2 minutes read

The halcyon days of expatriate bankers seconded from Europe to Hong Kong and Singapore seem to be grinding to a painful but definitive stop. More and more private banks have begun replacing expensive expatriate employees with local employees or foreign employees on local contracts with a view to reining in costs. Over the last month, at least two banks have…

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