
Chinese liberalisation driving increased demand for sales staff
Matthew Miller, Asia-Pacific head of fixed income at recruitment firm Global Sage, agreed: "Banks perceive the main opportunity going forward for foreign exchange to be China, so they are looking for salesmen to cover the People’s Republic [of China]."
Top forex banks have already started increasing staffing levels in Asia as part of their strategies to win business in China as it gradually liberalises its economy. Opportunities for banks lie in areas such as the long-anticipated relaxation of the renminbi’s peg to the US dollar, and regulation changes that mean banks can trade non-renminbi derivatives for profit in the People’s Republic.
Pink explained that banks are looking for people based in "Singapore, Hong Kong or Taipei" who would be selling foreign exchange services "primarily to manufacturers and other corporates".
Global Sage’s Miller added that the search for China forex sales staff is not limited to personnel already based in Hong Kong. "As the local talent pool becomes tighter, we often look globally, and it is not uncommon to hire back People’s Republic of China nationals from London and New York to roles in Hong Kong, Singapore and Shanghai."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on People
People: Estrada, Horne out in Credit Suisse rout, Belsher to Barclays, and more
Latest job changes across the industry
Asia moves: Senior hires at Crédit Agricole, HSBC, Natixis and more
Latest job news from across the industry
People: Tomczyk in, Tilly out at Cboe, Sibbern moves to Six, and more
Latest job changes across the industry
People: Finma CEO quits, Citi’s dealmaking promotion, and more
Latest job changes across the industry
People: Paco packs up at Citi, Credit Suisse exits continue, and more
Latest job changes across the industry
People: Wipf hands ARRC reins to Phelan, Tyce heads to Nomura, and more
Latest job changes across the industry
People: Barclays’ equity hires, CA’s CVA head departs, and more
Latest job changes across the industry
Asia moves: Senior hires at BNP Paribas, BNY Mellon and more
Latest job news from across the industry