Salaries for banks’ risk and compliance officers in Singapore and Hong Kong rose at about twice the pace of pay for similar positions at New York and London firms amid a shortage of skilled staff members, a recruiter said.
Moelis & Company have announced the appointment of Anthony Root as a Senior Advisor based in Hong Kong.
JPMorgan Chase disclosed Friday that the U.S. Justice Department and agencies from other jurisdictions are investigating hiring practices in Hong Kong that were already being probed by the Securities and Exchange Commission.
Shirlina Tsang, a former Royal Bank of Scotland Group Plc trader who pleaded guilty in Hong Kong to fraud for trying to hide losses of $30.8m, was sentenced to 50 months in jail.
A former bank executive has been jailed for four years for transferring almost US$3.72m from the Royal Bank of Scotland accounts of four clients in 2009 to compensate 10 others who suffered investment losses.
Market professionals shift jobs into security, cabbing and school tutors.
Hong Kong is on its way to regain its position as one of the world's hottest initial public offering (IPO) markets this year after hitting a four-year slump in 2012, according to data from consultancy firm PricewaterhouseCoopers (PwC).
And you think you've had a tough time....
You play a dangerous game doing a Hitler parody. There is no link to the video - this is safe for work.
Zeb Eckert reports on Monday's top headlines. He speaks on Bloomberg Television's 'First Up'.