Skills bring pay hikes
"Base compensation in 2013 has remained fairly consistent, with salary increases in line with the overall market. Candidates can expect salary increments of between 15 and 25 per cent when changing roles and up to 30 per cent for high-performers with in-demand skills.
"The greater focus on regulation globally ensures corporate governance is at the forefront of every bank's agenda. In the first half, we saw a rise in hires in Greater China in compliance and credit-risk roles, especially officers with sanctions and anti-money-laundering compliance skills. Cost pressure has curbed some recruitment, while many compliance and risk teams are being stretched to provide coverage, but we foresee hiring in areas like compliance, audit and risk management staying active for the rest of the year.
"There remains a shortage of mid-management compliance professionals in investment management. Many clients are looking at Big Four advisory or regulators to fill positions."
Christopher Aukland has 12 years of recruitment experience in the UK and Asia, and is regional director of Michael Page and Page Personnel in Hong Kong.