News & Articles

KS International: APAC News & Market Intel – Nov/Dec 2017 – Happy holidays!


General

  • Employers remains focused on hiring value-add technical professionals with niche skills as opposed to generalist positions with salaries increment of 10-15% (Singapore Business Review 26/11)
  • Sleep patterns, unhealthy diet, lack of physical activates and work related stress are some of the top attributes which makes Malaysia employees unhealthy (Human Resource Online 20/11)
  • 91% of audience surveyed in APAC felt that it is their own responsibility to upgrade their own skillsets (Staffing Industry 287/11)
  • Recent survey by IMD World Competitiveness Center puts Singapore at number 13th in world talent competitiveness (Straits Times, 21/11)
  • Virtusa opens technology centre in Changi Business Park, aims for 40-50% local staff through partnership with government bodies, universities and polytechnics (Human Resource Online 31/10)

 

Banking

  • Bonus outlook by bank and division (eFC 30/11)
  • Barclays is reportedly now considering basing RMs in Singapore and Hong Kong again (eFC & FT 29/11)
  • UBS trails Morgan Stanley out the door on broker protocol (Financial Advisor 28/11)
  • HSBC’s co-head of global banking departs after 2 years: Maybe Investment Banking Isn’t HSBC’s Thing (Bloomberg 28/11)
  • Deutsche bank to world: Trust us. Bank working hard to right itself and needs time (Handelsblatt 28/11)
  • Citigroup still tops in Asia Pacific Fixed Income (Bloomberg 29/11)
  • Credit Suisse has made 11 new hires for its Asia equity research team in Hong Kong (Business Recorder 27/11)
  • UOB fights change with skills upgrade for 900 customer-facing staff (Banking & Finance 28/11)
  • Credit Suisse boosts China Equity Research coverage with new hires (Financial 26/11)
  • Morgan Stanley faces family-office poaching in Singapore and Hong Kong (Today Online 22/11)
  • Banks hire Thai wealth managers as country mints millionaires (Business Times 23/11)
  • Global banks will step up their hiring in China following Beijing’s landmark JV majority stake decision (eFC 13/11)

 

Technology

  • An online education startup thinks it can save bankers from losing their jobs to machines (QZ 29/11)
  • UBS Seeks to Expand Workforce in Artificial Intelligence (Swiss Info 24/11)
  • Big banks’ blockchain specialists are flocking to cryptocurrency firms in search of freedom (QZ 20/11)
  • Banks are increasingly turning to open source projects to access a developer pool beyond employees (American Banker 15/11)
  • NAB to recruit hundreds for technology push (FiNews 13/11)
  • Would you trust an AI bot to hire your team? (HK Tatler 9/11)
  • Deutsche Bank says automation will bring thousands of layoffs (HR Dive 9/11)
  • How Credit Suisse is changing who it hires because of artificial intelligence (eFC 7/11)

 

Fintech

  • Tech as a double-edged sword: Cutting down on headcount but increasing efficiency (CityA.M., 10/11)
  • Cybercrime hub launched in Singapore to combat cybercrime and increasing cyber information sharing among 49 financial institutions in 9 countries (Finews.asia, 14/11)
  • MAS rolled out a number of initiatives as part of efforts to establish Singapore as a regional leader of fintech (ChannelNewsAsia, 14/11)
  • Prudential Singapore announced a five-year agreement with the Monetary Authority of Singapore to be a main sponsor of the Singapore Fintech Festival through 2022 (Finews.asia, 17/11)
  • According to the Monetary Authority of Singapore (MAS), the government, financial sector and local universities are collaborating to accelerate the career development of fintech professionals (Human Resources, 17/11)
  • By the middle of 2018 both local and international banks in Singapore will offer the option of paying using NETS QR code (Finews.asia, 20/11)
  • EY: Funding and regulatory support are key drivers for fintech growth in Singapore (Finews.asia, 23/11)
  • Finance and accounting professionals embrace tech change as opportunity rather than threat (The Global Recruiter, 30/11)
  • Former Morgan Stanley’s chief joins Singapore fintech firm Stashaway (Finews.asia, 30/11)
  • Here’s what HR execs need to think about before making tech buys (ebn, 8/11)

 

Buy Side

  • Summit Partners, CapVest, Softbank are some of the PE firms whom has been busy lately with hiring investment bankers (eFC 24/11)
  • Data science with technological skills, is the new in-demand that buy-side managers are actively looking out for (eFC, 1/11)

 

Insurance

  • Can Cyber security Open the Door to Attracting Talent for the Insurance industry? (Insurance journal, 6/11)
  • New InsurTech accelerator opens in Australia, intended to grow the country’s footprint in a booming sector of the insurance industry (DigitalInsurance, 6/11)
  • 5 ways life insurers can get more out of mobile – communication, engagement, payment, self-service, education for youngsters (DigitialInsurance, 15/11)

 

Professional services

  • Deloitte, PWC, KPMG & EY. Are the Big Four all the same? (efc, 26/10)
  • The biggest graduate employers mention their difficulties to retain talent, and say youngsters are shunning big cities in favor of better “lifestyle considerations” offered by regional cities (CityAM, 28/10)
  • KPMG has provided full employment opportunities to the top ten participants of the recently concluded Data Science Nigeria hackathon (The Independent, 3/12)
  • EY to double its cybersecurity staff in China to meet surging demand (YahooNews, 15/11)

 

(Source: Efinancial Careers)

 

market-update

Share this entry