Thursday, August 23, 2012

Newsletter: Troubled banks trouble some candidates

eFC.com
Hiring and pay trends in banking, finance and securities 23 August 2012
TOP STORIES
Bankers in Asia have turned down interviews at scandal-plagued British banks
Some candidates in Asia are thinking twice before interviewing at the three banks hit by recent scandals: Barclays, HSBC and Standard Chartered. But retention at these firms remains largely unaffected.
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Senior fixed income bankers leave Credit Suisse in Singapore to join Goldman Sachs in Sydney
In a move that belies the moribund Australian job market in fixed income, Goldman Sachs has convinced two senior Credit Suisse bankers to leave Singapore for Sydney. But while Goldman probably paid a sizable sum to poach them, push factors would have played a part in their decision, too.
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Despite the recent job cuts, recruiters are still advising UK bankers to apply to Asia (but not where you might think)
Some of the shine has been taken off the Asian market for bankers in recent months. Once a seeming shelter from job cuts, the suggestion is now that not only will more redundancies be happening in the region, but that they will be proportionately harder than Western locations.
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Counter offers are still happening for Hong Kong's corporate and retail bankers
There are signs of life beyond just replacement hiring in corporate and retail banking in Hong Kong. And some candidates are even getting counter offers; such is the desire to retain talent in these sectors.
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Guest Comment: A snapshot of Korea's burgeoning financial sector
The international financial services industry in Korea is an integral part of the wider region, with many well-known banks, securities companies and asset managers represented. While it is not as prominent as other major regional hub such as Singapore or Hong Kong, it is being more closely watched by regional and global management due to the increased prominence of the Korean economy
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