International banks are hiring more talent in Singapore as they continue expanding their presence outside Hong Kong.
“Every bank I speak to is looking to increase their footprint in South East Asia and that means hiring or locating more bankers in Singapore,” says one headhunter based in Hong Kong.
The shift began as a result of Hong Kong’s Covid restrictions, but now bankers say it’s more permanent. “In the past big banks have located specific country or product bankers in Singapore, while locating industry teams in Hong Kong, but this is changing,” the headhunter said.