Following a period of stagnation fuelled by the pandemic and a cooling Chinese market, private banks in Asia are resuming active hiring as wealth creation in the world’s second-largest economy regains momentum. However, competition for talent is also intensifying, with professionals with Mainland China experience in particular demand. Alongside increasingly competitive pay packages, banks are broadening their hiring criteria and […]

The post “China has been red hot”: Private banks in “high stakes talent war” for Mainland talent appeared first on Asian Private Banker.

August was a “frantic hiring period” with multiple private banks making significant appointments, both in terms of number and seniority. Certain banks bid farewell to their senior executives — for a variety of reasons. Seasoned head hunters expected the hiring momentum to continue through next year and pointed out that the trend of merging private and priority banking could offer […]

The post Movers & Shakers – August 2021 appeared first on Asian Private Banker.

With the COVID-19 situation stabilising in Hong Kong and Singapore, hiring momentum recovered slightly in September, but the broader picture suggests private banks are still exercising restraint amid an industry-wide drive for productivity and efficiency. Recruiters spoken to by Asian Private Banker agreed that hiring activity has improved from near-standstill although on a highly selective basis “The market is picking up […]

The post Movers & Shakers – September 2020 appeared first on Asian Private Banker.

Compared to the previous month, the private banking industry seems to be more affected by COVID-19, especially with market slumps in major economies over the past few weeks. The economic impact of the spread of the COVID-19 pandemic has forced private banks to look “microscopically” at their P&L. Chee Chien Lim, a private banking veteran and the CEO of Hanz […]

The post Movers & Shakers – March 2020 appeared first on Asian Private Banker.