Crypto in AsiaThe growth happening within the cryptocurrency and blockchain space has been impossible to miss since late 2020.Massive amounts of capital have been poured into blockchain and crypto companies from venture capital and direct investments in recent months.In July of 2021, the Hong Kong-based crypto derivatives exchange FTX made history with a US$900 million serie...

According to the Wealth Report 2020 by Knight Frank, China is listed the second of the global Ultra-high-net-worth individuals (UHNWI) distribution chart, over 61,000 individuals worth over USD 30m. With this rising income in mainland China unleashed the potential for future growth in the Greater Bay Area (GBA).The Talent DemandWhile China has prioritized the GBA for investm...

We all would think after the interesting year 2020, many hiring plans should be reduced or on hold. However, we see bright side on fund houses in Asia throughout Q4 in 2020, including Pictet Asset Management opens unit in Shanghai, billionaire Ray Dalio set up a family office in Singapore, US-based asset manager Barings expands Asia Pacific operations to Singapore. Asian fun...

Goldman Sachs will buy out its China joint venture partner. This will make it the most advanced foreign bank to take full ownership of a mainland securities business. Having a lack of total control on mainland securities entities has long been a bugbear for Western firms. And not just Goldman Sachs, others are also aiming for 100% control - including Citi, UBS and Credit Sui...

While we are stepping closer to the end of the year 2020, it is a time to review and give a summary on the performance. According to Dealogic latest figures, Chinese banks are not just dominant players in domestic league tables, but also well-positioned in most rankings that cover the whole Asia Pacific region.Chinese Banks are Powerful in Capital MarketsThroughout the year,...

Now we are coming close to the bonuses season. 2020 has been a journey. Because of the Covid-19, travel restrictions, quarantine requirements and similar issues posed serious hurdles. It has interrupted the basic activities to develop transactions. As a result, it forced the Asia Pacific M&A to put on hold. In the first half of 2020, there has been a 17% decrease in deal val...

According to McKinsey 2018 report, less than a fifth of all C-suite executives working in finance were women. Most banks are painfully aware of this discrepancy in diversity. Do we know why?Historically, banking has been a very male-dominated sector, particularly across certain verticals such as Market Risk, Technology and Investment Banking. Data from crowdsourced pay data ...

This year, there are multiple moves from the buy-side to the wealth management space. Julius Baer and Citi Private Bank, for example, have all appointed ex asset management professionals to join the wealth team. There is an increase in movement from asset managers to wealth management firms. What are the reasons and what are the opportunities?Wealth Management Has a Continua...

​Ant Financial filed to list its shares in Hong Kong and Shanghai, this could be among the biggest in history. The dual IPO will provide, no doubt, a lot of work to bankers who are working on the deal. What other opportunities will this deal bring to financial services professionals?BonusesAnt Financial said it will offer at least 10 per cent of its shares in a dual offering...

Chinese i-banks are dominating the world’s top-10 investment banks. According to Bloomberg, Chinese i-bank Citic Securities is the third most valuable brokerage globally. Furthermore, five other mainland firms also listed in the top-10. They are CSC Financial (China Securities), Huatai Securities, China Merchants Securities, Haitong Securities, and Guotai Junan Securities. ...

No doubt, if you look at the pipeline in Hong Kong, there are plenty of IPOs lining up. According to KPMG, The Hong Kong Stock Exchange raised a total of HK$87.3bn in the first half of 2020. It has been a 22% increase compared with the same period last year. It looks like it is going to be a big busy time for equity capital market (ECM) teams.More work for ECM teamsRecently,...

In the first half of 2020, Hong Kong was facing a year-long political situation followed by the global pandemic COVID-19. Compliance vacancy numbers were down about 30% year-on-year as banks froze hiring, says Ian Yeung, middle-office team lead at Selby Jennings, in an interview with eFinancial Careers.However, as banks grapple with the new American sanctions regime and the ...

It has been half a year already since Covid-19 has started. In the past 6 months, we hear banks shut down desks and companies exiting the market. Hong Kong unemployment rate has hit 15 years high. They say the labour market in banking remains in a similar state. But the progress of landing a banking job is now becoming even more protracted.Banks are Still Committed to Asia“T...

“Banks in Hong Kong are still fairly dependent on mainland talent because the typical requirement for native mandarin speaking professionals hasn’t changed,” says Chris Wong, head of Selby Jennings China to eFinancial Careers. “IBD functions need Chinese talent, especially given the recent competition between the Shanghai and Hong Kong exchanges over the increasing number of...

​Chris Wong, Head of China, Selby Jennings has shared his view with eFinancial Careers about the latest China global income tax. Will this new global income tax plan pushes Chinese Bankers to leave Hong Kong? Read to discover.

eFinancial Careers has put a closer look to HSBC to under the talent shift in the banking industry. With different reasons and new announcements from the bank, Hong Kong and Singapore remain potentially attractive workplace for bankers to transfer over the next 12 months.Bank's Strategies Make Asia an Attractive WorkplaceNot long ago, HSBC has announced on the plan of 35,000...

​According to a recent article by eFinancial Careers, more banks in Hong Kong are transferring their senior management across the border—to China. Credit Suisse - Transfer to Their Mainland Joint VentureOne of the examples is Credit Suisse. The Swiss bank wants to let go of about half of its investment banking staff at its mainland joint venture, Credit Suisse Founder Secur...

​Selby Jennings' Managing Director, APAC Mr Andrew McNeilis has recently interviewed with FutureCIO. In this interview, McNeilis has shared our latest Global Research Report result and provided insights to the C-suite professionals regarding the current market amidst COVID-19.

Are Hong Kong financial services professionals planning to relocate to the UK? Read our interview with eFinancial Careers.

Hong Kong Hedge Funds are expanding to Singapore. Read our latest interview with eFinancial Careers.