In 2025, Asia witnessed a notable shift in private wealth talent. Senior professionals moved from global banks and asset managers into alternatives, private credit, and boutique platforms, chasing growth, autonomy, and new opportunities. Alternative firms, benefitting from strong investor demand and faster AUM growth, became key magnets for experienced hires. At the same time, smaller boutiques drew industry veterans with […]

The post Alts and boutiques lure top talent from global firms in 2025 appeared first on Asian Private Banker.

In a departure from the usual trend where RMs consider jumping ship after having received their bonus, fewer bankers this year have been actively seeking external opportunities, according to headhunters, in view of the market volatility caused by the war in Ukraine and the lingering pandemic. As we near the end of the first quarter, most private banks have announced […]

The post Movers & Shakers – Feb 2022: More RMs in Singapore prefer to stay put after bonus due to uncertainties ahead appeared first on Asian Private Banker.

A salary increment of 15-20% has become the standard for private bank relationship managers (RMs) making a parallel move, whereas an increase of up to 40% is highly possible when moving up a title rank or when taking on a higher net new money (NNM) commitment. That is according to Simran Karamchandani, a private banking and wealth management senior consultant […]

The post Salary trend of Southeast Asian RMs reflect strong demand appeared first on Asian Private Banker.

The hiring spree in the private banking industry appears to have continued through October, a month which traditionally sees fewer moves, with bankers staying put and waiting to receive their bonuses before seeking greener pastures. Thanks to Hong Kong’s proximity to mainland China and its long history of serving mainland China wealth, Hong Kong private banking industry has had a […]

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

Because of the uncertain economic outlook, many private banks in the region have been conservative in their bonus payouts — with only a few exceptions, at firms that performed extremely well in 2020. Asian Private Banker reached out to headhunters to take the pulse of the push and pull factors for RMs after bonus season, and get a view of […]

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

With 2021 merely a month away, private bankers have been pondering their bonus payout prospects. And while hiring in general has been more subdued in the industry because of the pandemic, there still have been quite a few appointments over the last month — and more are expected before the year-end. In 2020, the private banking sector has remained steady despite […]

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

As immigration departments are getting tougher in approving work visas and many private banks are “doing away” with expat packages, private bankers are thinking of returning to their home regions. Restructuring at a number of banks and a pandemic-induced urge to rethink life priorities have led expat private bankers — both Westerners working in Asia and foreign-educated Asians working in […]

The post As expat packages shrink, private bankers are going back home appeared first on Asian Private Banker.

The prolonged pandemic, which has stretched banks’ resources, has translated into hiring freezes at some firms, observed some recruiters, though private banking divisions have been less impacted and are still selectively hiring. “There have been some banks who have been on a hiring freeze with the exception of business critical roles. For private banks, we are still seeing interviews via […]

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

Despite the uncertain economic environment and a large business impact left by COVID-19, a majority of finance professionals in North Asia remain confident about their job security for the next six months. According to a survey conducted by recruitment firm Selby Jennings, 60% of employees foresee a worsening economic situation in the next 12 months. Yet, 63% are still confident […]

The post Finance professionals confident on job security in the face of gloomy economic outlook 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.

Several private banks have recorded high-level management changes as of late, though hiring overall has slowed — as is to be expected near the end of the year. Meanwhile, recruitment professionals across Asia expect private banking hiring to regain momentum after the bonus pay-outs in 1Q20. Even so, hiring specialists are maintaining conversations with senior bankers in Hong Kong and […]

The post Movers & Shakers – November 2019 appeared first on Asian Private Banker.

Although the hiring market typically begins to cool as the year-end approaches, August witnessed Pictet Wealth Management, Standard Chartered Private Bank, and Bank of Singapore hire from competitors. According to recruiters for the industry, the later-than-usual surge in appointments is the result of lengthier negotiation periods, and any near-term dips in the hiring market will likely be due to recruitment cycles rather than […]

The post Movers & Shakers – August 2019 appeared first on Asian Private Banker.

Following a relatively stagnant hiring market in previous months, a further slowdown has been seen in May with some headhunters observing that fewer banks are hiring while others warn that RMs need to “beware of salary bump offers”. “A lot of the banks are slowing down their hiring and, in some cases, there have been hiring freezes. Further consolidation within […]

The post Movers & Shakers – May 2019 appeared first on Asian Private Banker.

As China undergoes the largest intergenerational wealth transfer in its history, private banks in Hong Kong and Singapore are offering significant salary hikes to wealth planners in a bid to capitalise on the opportunity, according to recruitment firm Selby Jennings. “In relation to wealth transfer in China, a huge chunk of wealth is moving out from China and towards Hong […]

The post PBs offer wealth planners 20-25% salary bump: Selby Jennings appeared first on Asian Private Banker.

Asia’s private banks, including some “usually quiet” players, have been hiring up a storm with heightened demand in the Greater China market. Beyond the recent flurry of hires seen at regional majors, including Credit Suisse, Julius Baer, and Bank of Singapore, headhunters have told Asian Private Banker that a number of typically less-active banks are also moving to bulk up frontlines, adding to the […]

The post PBs offering 30-45% wage increase as RM talent war intensifies appeared first on Asian Private Banker.