HK Bankers Face More Job Cuts on China Slowdown, BI Says

Posted by PSR_AXP 37 days ago
(Bloomberg) -- Hong Kong investment bankers could face more job cuts as the slowdown in China deals persists and employers look to trim highly compensated staff, according to Bloomberg Intelligence.
An estimated 200 Hong Kong bankers lost their jobs in the past year, senior analyst Francis Chan wrote in a report published Monday. With pay for senior bankers that’s 40-70% higher than peers receive in Singapore, Hong Kong bankers may find their compensation becomes a “curse” as employers cut back, Chan wrote.
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