eFinancialCareers

You might want to head to Singapore or Hong Kong to land an equity research job. Compared to hiring for sales and trading positions, research jobs in Asia appear relatively unaffected by the crunch: banks and hedge funds are still busy hiring in the area. Lehman Brothers has recently created the new role of head of equity research, Singapore and Southeast Asia, and poached Jit Soon Lim from Citigroup to fill... Read more

Macquarie is breathing some life into a generally dormant Japanese financial recruitment market. The Aussie bank, which took on 100 new hires in the second half of last year, is continuing its recruitment drive. Andrew Low, Asia head of Macquarie Capital Advisers, comments: “Japan is becoming an increasing focus and we are pleased to be able to attract senior people to match the quality of the opportunities we are... Read more

Banks including JPMorgan continue to recruit in equity derivatives as the sector looks set to survive the credit crunch comparatively unscathed. JPMorgan’s Asian team has grown from five to 45 since 2003 and headcount will continue to rise to meet Indian and Chinese demand, according Ong Tsui Keng, the bank’s executive director for equity derivatives. Ong tells us: “The expansion came as a result of the need to cover... Read more

The AU$18.6bn merger plan announced this month between Westpac and St George looks destined to lead to big job cuts. Experts expect thousands of jobs to be axed as the banks integrate their operations and reduce overlaps across different divisions, as well as at the branch level. Toon Van Beeck, senior analyst with industry research group IBISWorld, estimates mergers and takeovers in the banking sector will result in the loss of... Read more

What is it about ABN AMRO employees that’s so irresistible to Babcock & Brown (B&B)? The ASX-listed investment bank has poached ABN’s entire Indian M&A group, having nicked its infrastructure team 18 months ago. ABN staff might well be desirable, but this latest raid was motivated more by location: India. While outsourcing retail support roles to the sub-continent is common, we are now starting to see banks, including B&B... Read more

Aussie banks are on the prowl overseas, picking up choice hires because the Australian market is robust and financial services is short of candidates. Grant Chamberlain, Deutsche Bank’s deputy head of M&A in Australia, says the firm is finding it difficult to source candidates who live locally. Most of its interviewees are Australians living abroad. “We haven't had to spend a lot of time trying to convince foreign nationals to come out... Read more

Now may be a good time to get your CV to Deutsche Bank – especially if you work for Citigroup. A major recruitment drive is expected at Deutsche in Hong Kong as the German giant gears up for its third-quarter 2010 move to Kowloon’s International Commerce Centre. And Citigroup high fliers could be top of its hit list. Alice Liu, a director at search firm Pelham, says Deutsche has... Read more

It’s probably the best-kept secret in Australian banking circles right now. Just how big will Macquarie Bank’s profit be when it reports its annual results on 20th May, and will employee bonuses rise, fall or remain the same as last year? The bonus question has just about everyone stumped, with recruiters having little if anything to go by, except Macquarie’s own recent forecast that its full-year earnings will be up about... Read more