Asia Market Intel - October Edition

by Simon Mortlock, eFinancialCareers

Welcome to the latest edition of our Asian Market Intel, brought to you by Simon Mortlock. Below you can watch Simon's October market commentary and read the latest recruitment news.

Watch Simon's latest market commentary

Banking News

  • HKMA and banks to equip staff with new skills, as 9,000 jobs are in peril due to digitalisation -  SCMP
  • DBS, StanChart Plan to Bid for Citigroup Asia Retail Units -  Yahoo
  • StanChart is first bank in Malaysia to attain certification in workplace gender equality -  The Star
  • Deutsche Bank seeks to boost hiring as war for talent rage -  Bloomberg
  • Banks warn travel quarantine threatens Hong Kong's international status -  FT
  • StanChart Breaking taboos on womens' wellbeing, workplace retention -  Wealth Briefing
  • Banks are experiencing the lowest employee turnover in years -  Yahoo
  • Credit Suisse Private Banking North Asia's rapid expansion continues -  Hubbis
  • Banks use employment contracts as flex in hiring wars -  eFinancialCareers
  • Asian tech talent helps JPMorgan compete -  Nikkei
  • UBS building an "engineering culture" that's "driven by engineers" -  eFinancialCareers
  • Scaling Up Hong Kong’s Fintech Future -  OpenGov

Tech News

  • Scaling Up Hong Kong’s Fintech Future -  OpenGov
  • China's Crypto companies are scrambling -  Bloomberg
  • Hong Kong FinTech Week 2021 to lead scaling up for fintech future -  InvestHK
  • Singapore minister sees a place for crypto in Asia finance hub -  Yahoo
  • Self reviews during performance period allow banking technologists can get great performance review -  eFinancialCareers
  • Like Singapore’s three local banks, GIC’s overall hiring is now skewed towards technology -  eFinancialCareers
  • DBS to hire 150 people for tech roles through programme with virtual hackathon -  Straits Times
  • By using a smart hiring tool DBS slash the pre-screening time by 75%, helps to eliminate cultural bias and identify “red flags”  -  HR Online
  • SG innovation-focused gov, high-quality talent, and business-friendly environment make it the world’s biggest tech hub -  Fintech News
  • Fidelity Information Services (FIS) announced its plan to hire 10,000 people in India over the next one year -  Livemint
  • Banks have made changes to their tech spending priorities, role mix, and talent mix, unlocking a step change in productivity -  McKinsey

General News

  • Equities traders are the hottest people in Hong Kong -  eFinancialCareers
  • Zero-Covid in HK strategy driving away talent -  The Standard
  • Hong Kong and Singapore face new challenges in luring talent amid a rise in remote working and growing nativism among locals -  SCMP
  • New initiatives aim to expand Hong Kong's talent pool -  The Star
  • Boardroom gender diversity lags in APAC as only 13.7% of directors are Women compared to global average of 24% -  SCMP
  • 41% of employees in Singapore reported a deteriorating state of mental well-being at work -  Staffing Industry
  • Singapore government announced that only vaccinated employees can return to the workplace from January 2022 -  Staffing Industry
  • MAS Chairman says Cryptocurrencies have a place in Singapore’s financial sector if these digital assets are regulated -  Yahoo
  • Hong Kong employers are gearing up to build a sustainable workforce in 2022 -  HR Online

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