HSBC's equity sales and trading business is humming in Hong Kong
HSBC says the red hot recruitment market is driving up pay.
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HSBC says the red hot recruitment market is driving up pay.
The second most important person at HSBC in HK.
Ginsburg, Asia-Pacific chairman at Fitch, is set to become HSBC’s top Asia deal maker, petrol station a void left by the departure of Peter Enns earlier this year, people familiar said.
Latest job changes across the industry
The race for investment banking talent in Hong Kong and mainland China is forcing up compensation to record levels. This week, HSBC’s chief financial officer Ewen Stevenson admitted that the bank may have to pay up as it looks to expand across Asia. “We may need to top up our current pool assumptions as the year progresses,” he told analysts on a call on April 27. “If we are seeing competitive pressure in areas like Asian wealth and investment banking more broadly, we have to be in a position to respond.” Today, Bloomberg reports that HSBC has become the latest bank to increase p...