Your Specialist Talent PartnerSelby Jennings is a talent partner that is focused on supporting talent and hiring challenges across the financial services industry. Offering bespoke permanent, contract, and multi-hire solutions from our office hubs across the globe, Selby Jennings works with you to align your business objectives with a robust talent acquisition plan. |
2022 Mid-Year Market Update
The busiest hiring period for private banks
The first six months of the calendar year are typically the busiest hiring period for private banks and 2022 has had a particularly active start.
It is no secret that there has been talent leaving Hong Kong, relocating to places such as the UK, USA and Australia. This has however created opportunities for talent within Hong Kong to move into bigger roles, with this shortage of talent increasing competition from private banks, who know the speed of their interview processes is critical in securing talent, whilst also offering attractive compensation packages. Relationship Managers that carry a strong network and assets under the management of key clients will be sought after by many institutions. Financial services that offer a unique proposition and exciting opportunities could be the most attractive homes for talent.
Hong Kong has followed Singapore in catering for an increase in family offices wishing to establish in the jurisdiction, both implementing tax incentive schemes to attract a greater amount of family offices to expand their coverage. This demand has given private banks the opportunity to hire family advisory specialist’s to cater to this increased need, and we expect this to continue across the next three years.
The trust and fiduciary industry across Asia are thriving with new wealth. We are seeing an increase of first-generation wealth coming to the region to structure their estates and succession planning. Along with our parent company Phaidon International expanding into China, we have seen trust firms open offices in Shanghai, as well as Beijing and Shenzhen, and employ staff to capture new trust business. There is also more demand for experienced trust administrators in Hong Kong. For private banks, the wealth planning market has seen talent changing and moving throughout many key roles, and we predict this will continue for the remainder of the year.
Our Specialist Markets
Our Private Banking & Wealth Management specialist talent partner team covers the below markets:
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Private Banking |
Clients we work with:
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Roles we cover:
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Notable Placements:
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Trust & Fiduciary |
Clients we work with:
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Roles we cover:
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Notable Placements:
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Your Talent Partners
Jack Metters
Vice President
Private Banking & Wealth Management and Risk
Contact Jack
Jake Tsui
Senior Consultant
Private Banking
Contact JaKE
Sarah Tam
Consultant
Private Banking
Contact SARAH
Hellen Li
Consultant
Trust & Fiduciary