Thursday, March 14, 2013

Staff in Asia switch jobs too often

eFC.com
Hiring and pay trends in banking, finance and securities 14 March 2013
TOP STORIES
Staff in Asia switch jobs far too often, says M&G boss
Finance workers in Singapore change jobs every two years, according to Andrew Hendry, Asia managing director of M&G Investments, a UK fund manager that looks after $351.5bn in assets and is owned by Prudential Group. Hendry talked to eFinancialCareers about the importance of Asian languages, the future of private banking, and why role-playing helps him choose the best candidates.
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Ten ways to rewrite your resume for a role in Asia
It's getting more difficult for Westerners to find jobs in Asia as cost-conscious employers look for local talent. Now more than ever, you need to make sure that the recruiter or employer who first reads your resume doesn't trash it after seeing that you're based overseas. But writing a good CV for a job in Singapore or Hong Kong isn't exactly the same as it is in your home country. Here's how to localise your resume.
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Goldman poaches Mandarin speaking Morgan Stanley exec for Asia
In one of Asia's biggest hiring coups this year, Goldman Sachs has poached Kate Richdale, Morgan Stanley's head of Asia-Pacific investment banking, according to an internal memo sent to Goldman staff.
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Work in Chinese compliance, double your salary
Salaries are shooting up for compliance professionals in China as the regulatory burden rises and candidates remain hard to find. Chinese compliance pay was “going through the roof” this year for those moving between banks, said Alex Eymieu, a financial services partner at search firm CTPartners in Hong Kong. “The average raise this year is about 25 percent,” he said. “But for really good executives, I've even seen pay almost double.”
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What Gerard Depardieu and French finance execs have in common
What do the finance bosses of the Word Bank and healthcare companies Merck and Sanofi-Aventis have in common? They're all French and all working outside their own country. Along with wine, cheese and tax exiles like actor Gérard Depardieu, the French are increasingly exporting their finance managers.
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