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Mar 11 2010  

Finance Hiring Rebound in Hong Kong

By FINSwire Team

It's a candidate's job market in Hong Kong's financial center.

While finance hubs such as New York and London are slogging their way to recovery, the Pearl of the Orient is on a quick rebound and ripe with job openings, according to MarketWatch. International banks are leading the charge, but hedge funds and private equity firms are looking to staff up as well.

A recent survey of multinational firms found that more than half (53%) of employers in Hong Kong planned to add staff this quarter, up from 35% in the last quarter.

With Chinese New Year over and bonuses doled out, banker turnover season begins. Investment banking jobs in greatest demand include middle-management and back-office functions such as planning and analysis, compliance, and developing and marketing new financial products.

And, despite the brightening outlook, some investment banks are adding to their distressed-debt teams in preparation for the possibility of rising defaults.

Related: Finance Hiring Hot Spots in Asia


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