Hong Kong Banks on a Hiring Spree



Posted by Ed 3 mths ago
Hong Kong’s banking sector, one of the most staid areas of its financial industry, is seeing an unusual spurt of recruitment as newly licensed virtual banks race to snap up talent.

Four ventures that won permits have about 200 people in the city, which may more than double by the time they start operating, said Carol Cheung, a director at headhunter Robert Walters Plc.

The Hong Kong Monetary Authority expects the virtual banks to begin offering retail and commercial services within nine months and is processing four more applications.

“How often do you see Hong Kong’s most regulated banking industry create something totally new?” said Cheung. “This wave of hiring is rare.”


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