Thursday, February 28, 2013

Private banks still growing

eFC.com
Hiring and pay trends in banking, finance and securities 28 February 2013
TOP STORIES
Private banks hire to serve rich Asians with $10 trillion to invest
Buoyed by the growing wealth of Asia's rich, firms like BNP Paribas, Coutts, J.P. Morgan and UBS are expanding their private banks in Singapore. But they are fussier than ever about the people they take on.
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Allianz hiring in Asia but faces talent crunch
Allianz wants to grow its headcount in Asia this year, but is up against a skills shortage in emerging markets like China and India, according to Rangam Bir, the firm's Asia-Pacific head of property and casualty, and regional market management.
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Investment banks in Australia push back on pay
Investment banks in Australia are trying to drive down the salaries of “overpaid” new Australian hires, according to the 13 senior human resources professionals from large, mainly global, financial institutions who attended an eFinancialCareers roundtable in Sydney this week.
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The best APAC bankers still bag big bonuses
Bonus envy could be growing in Asia Pacific as elite bankers pull in big payments at the expense of the rest. The eFinancialCareers annual bonus survey suggests that employers are giving little or nothing to staff who don't perform, but doling out decent bonuses to retain those who produce revenue.
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Finance job interviews take twice as long, here are 10 tips to excel
If you want to get a financial services job, be patient. The average candidate now has to interview for six hours before an offer is extended – more than double the time required to get hired when the financial crisis hit in 2008, according to new research.
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