Financial institutions, including banks and independent financial advisers, are capitalising on Asia’s growing wealth as the economy rebounds.
Companies are focusing on wealth management of the retail sector and high-net-worth clients. These are affluent individuals who would like to invest their excess cash in profitable activities as the market picks up.
Although the number of banking and finance jobs in Hong Kong declined by 16.1 per cent last month (below), there is a lack of good talent in the financial services sector. Meanwhile, we have witnessed a high demand in the sector in view of a shortage of quality professionals. Employers are willing to invest in strong candidates if this will bring in revenue for the organisation. Many companies are scouting for employees with good financial planning skills.
Besides the traditional ways of recruiting talent through advertisements and career fairs, businesses are devising innovative ways to attract qualified people and raise the profile of the industry.
These include running a series of billboard advertising campaigns in MTR stations and bus stops. Some of the international financial associations are also using recruitment firms to find the best staff for them.
TY Lee, front office manager, Robert Walters Hong Kong