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EDITORIAL ANALYSIS: Asian Financial Sector Pay Isn’t Always Surging

Tom Burroughes

11 October 2018

While some private bankers might reject the idea that the Asian employment and salaries market is “crazy” – as was the case in a recent report – some figures show that the labour market is warming up while others suggest that fintech innovation weighs on big pay hikes.

International executive search firm , Tan Su Shan, rejected the term. 

One trend this publication has seen is of older, experienced private bankers – some of them expats – taking early retirement, or joining external asset managers and the new crop of independent wealth houses, because their old big-bank employers have let them go. The trend has even prompted consultants, such as Steven Seow, to reach out to these senior bankers to help them re-boot their careers.

What appears clear is that sweeping claims about big pay rises in Asian financial services need to be treated with a grain of salt.