Wednesday, October 30, 2013

Trading bubbly for business – the hard work behind client entertaining

NEWSLETTER OCTOBER 2013 Online version
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~ 31st October 2013 ~
The region where getting drunk can boost your career in banking
Hello ,

This week we have a look at the pitfalls of client entertaining in Asia, and we tell you how Singapore's new financial accords with China are like to generate lots of FX jobs.
 
NEWS
The region where getting drunk can boost your career in banking
Client entertainment for front office finance professionals in Asia requires stamina - long nights, hard drinking and a strong stomach for rich food. The upside is lavish diners at top restaurants, VIP tickets to the Formula One, or even golfing trips to five-star resorts in Thailand, providing they meet with banks' internal compliance rules.
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The hot banking sector set to generate jobs next year
FX when Singapore signed an agreement with China that paves the way for direct trading between the two nations' currencies, meaning that Singapore will join Hong Kong and London as an offshore trading hub for the yuan (or renminbi, RMB).
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The thorny job of working for a Chinese hedge fund
Despite recent moves to attract foreign hedge funds to the mainland, the industry remains beset with complex regulation and salaries that don't compete with those offered in Hong Kong and other parts of Asia-Pacific.
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'A recruiter informed my boss that I'm looking for another job'
If you're a candidate applying for a job through a recruitment firm, it's your worst nightmare — somehow your boss finds out that your CV is circulating the market. What do you do?
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