Financial institutions have largely ended their risk-mitigating relocations of staff from Hong Kong to Singapore, which began about 18 months ago in response to the former city’s tough quarantine rules and uncertain political environment. That’s according to senior Asia-based recruiters from financial institutions who attended a recent eFinancialCareers round table.
“Most firms had a target for de-risking Hong Kong, and they’ve achieved that now,” said a round table delegate, who like his counterparts at the event asked not to be named in this report. “We’re not looking to actively relocate jobs anymore, and a lot of new roles are now advertised in both markets,” added another recruiter.