Thursday, October 20, 2011

eNewsletter: Four reasons why I want a new job in Singapore

eFC.com
Hiring and pay trends in banking, finance and securities 20 October 2011
TOP STORIES
It's "pretty intimidating" when your new boss used to be the president of Nasdaq: Read part I of our interview with Michael Syn, head of derivatives at SGX
Exchanges have recently gained incredible prominence as the only part of the global architecture which functioned without missing a beat throughout the worst moments of 2008. And the confluence of Dodd-Frank and Basel III means that SGX plays a critical role in defining the global financial landscape for decades to come. It's really quite inspiring to be working for SGX at a time when we are collectively writing financial history.
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Here are four amazing reasons why I want a new job in Singapore - and they all start with the letter P
A job must be good enough to explain why I struggle out of bed at 7am – leaving my lovely wife and beautiful daughter asleep – and run to catch the bus and sit in traffic jams, only to arrive at an office, sit at a small desk, and be with people all day who may not necessarily like me.
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So you're a redundant i-banker: Look on the bright side, at least you've propped up the bonus of an overachiever
If you can reduce costs by firing underperformers, now is the time: That's the simple equation for many international banks in Asia as they approach bonus season in a thrifty mood thanks to a dire global economy and their own financial woes
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The Hedgie: The first thing I noticed when I joined a hedge fund was that there wasn't a water cooler
Before getting into the industry, I used to portrait it as highly automated and systematic. Everyone, I thought, would be busy trading or talking on the phone, with some back-office team booking and clearing routine matters. Also, everyone working at hedge funds would be smart, young and ambitious. The above was merely my imagination; the reality is quite different.
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Been fired? A Heidrick & Struggles headhunter is here to help
If you've been unfortunately let go, here's some sound advice from Hong-Kong based headhunter Marie Quismorio Herrera, associate principal, Heidrick & Struggles.
Read more...
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