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Achievers Recruitment is proud to present HKSFA 3rd Career Conference: Unearthing the Opportunities in HK Asset & Wealth Management Industry. Join us in this upcoming career conference organized by Achievers Recruitment Limited and The Hong Kong Society of Financial Analysts Limited (HKSFA) for a highly informative and interactive session with some of the big names in the industry! Date: 16 Mar 2019 (Saturday) Time: 9:00am – 12:00pm Venue: HKUST Business School Central, Hong Kong Club Building   We would be inviting some of the most prominent figures (including CEO, CIO and Head of HR) within asset and wealth management industry as our speakers. This is a 3-part panel discussion where our distinguished speakers will share their views on the latest developments of asset and wealth management industry as well as career opportunities that will arise from such developments. Find out more information and announcements from Achievers, follow us on these platforms: LinkedIn https://www.linkedin.com/company/achievers-recruitment/ Facebook https://www.facebook.com/achievers.recruitment/ Be sure to...

Global banks in Hong Kong are stepping up their hiring of local talent and of Mandarin speaking mainland Chinese candidates, especially for front-office jobs in investment banking. But Hong Kong remains an international financial centre – and there are still some roles where banks are willing to relocate candidates from beyond Greater China. Here’s a selection. 1. Anti-money laundering “AML compliance is an area where talent from overseas is still being considered, given that vacancies outweigh the current supply of talent based locally,” says Jack Leung, business director at recruitment firm Hays in Hong Kong. “However, only the large international banks are typically open to this, with many regional banks choosing to hire locally. And in general it’s mostly internal transfers within the same bank.” 2. Market risk in FICC “Because Hong Kong is mostly an equities market, it’s especially difficult to find strong locally-based market risk candidates who are focused on rates, credit,...

Recent waves of redundancies at global banks in Hong Kong have one common characteristic – they’ve been aimed largely at expensive senior staff. While job hunting at the top of the banking tree has always been more difficult than at the bottom, the difference is now even more extreme. But in which particular parts of Hong Kong financial services is it toughest (and easiest) for experienced staff to get work? To find out, we analysed at our database across 18 key finance job functions and compared the number of Hong Kong-based vacancies demanding at least 10 years’ experience with the number of local CVs at that level. In the sectors towards the top of the table below, older candidates are currently enjoying comparatively straightforward job searches. For example, in corporate banking and private banking – two talent-short functions dependant on building long-term client relationships – there are ‘only’ 17 and 18 resumes on our database respectively...

In which jobs will you earn the highest base salaries in Hong Kong banking? And how much will you actually get paid when you reach the senior ranks in these roles? To find out, we averaged out director (i.e. people with 10 years’ experience or more) pay figures across salary surveys from four recruitment agencies in Hong Kong. We then eliminated jobs with an annual salary of less than HK$2m (US$255k) to produce the table below. We used the maximum figures from each firm’s director-level pay range, so the salaries listed are for top performers. While the 11 functions in our $2m table are all in the front-office, there is now surprisingly little difference between them when it comes to senior pay. Interestingly, the table-topping investment bankers in ECM, DCM and M&A now only earn 9% more in base pay than their private banking counterparts at director level in Hong Kong. Demand for relationships...

Mandarin is fast becoming a lingua franca in Hong Kong’s finance sector. Candidates who can only speak English and/or Cantonese are being frozen out of much of the job market. But in which job functions within financial services is Mandarin most sought after? To find out, we looked at 18 key job sectors in the eFinancialCareers CV database and worked out the proportion of Hong Kong-based candidates in each one who speak Mandarin fluently (as a first or additional language). The results are in the table below. You are increasingly unlikely to get a client-facing finance job in Hong Kong unless you know Mandarin. For example, as investment bankers focus on helping expansionist mainland companies make overseas acquisitions, 76% of Hong Kong-based M&A professionals on our database are fluent in Mandarin. Junior IBD analysts we spoke with previously at global banks in Hong Kong anecdotally put the percentage of Mandarin speakers among new graduate intakes at up to 80%....

Banking professionals in Asia are increasingly receiving job offers from their former managers as a quick way of adding headcount in talent-short sectors like private banking. In one of the more high-profile examples in recent years, several Barclays bankers in Hong Kong followed ex-manager Didier Von Daeniken to Standard Chartered, where he now heads up private banking. But while it’s flattering to be asked to shift banks with your boss, recruiters we spoke with in Asia say many bankers are better off staying put. Here’s what to weigh up before you decide Treat it just like a job interview “Don’t jeopardise you career due to the ego boost of being asked to join your boss,” advises Henry Chamberlain, a Hong Kong management consultant and former head of selection at Standard Chartered. “Moving for this reason would be like taking a new job without going to the interview. Treat it as any other job change and...