Discover your dream Career
For Recruiters
Singapore is becoming the preferred location for South East Asian banking jobs.

Banks are boosting Singapore jobs at expense of Hong Kong

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.

In particular, as Singapore attracts more fintech companies, so bankers with relevant expertise are starting to follow their clients.

For example, Jwalant Nanavati, head of the Asia ex-Japan technology, media and telecom (TMT) team at Nomura is moving to from Hong Kong to Singapore where he will run the Japanese bank’s Southeast Asian investment banking business

Last month, Sophie Qian relcoated from New York to Singapore as head of equity capital markets for Southwest Asia.

One bank actively hiring in South East Asia is Jefferies. This month, David Biller swapped London for Singapore after joining from Citigroup as Jefferies' head of Southeast Asia.

Biller is being reunited with Christopher Laskowski, who joined Jefferies from Citi a year ago as head of Asia investment banking in Hong Kong.  “Biller will be building a team,” said one source close to the bank. “But there is limited talent locally, so you could see even more bankers relocate.”

Click here to create a profile on eFinancialCareers. Comment ANONYMOUSLY on articles and make yourself visible to recruiters hiring for top jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo credit: eFinancialCareers/Dall-e

AUTHORDavid Rothnie Insider Comment

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Capstone Investment Advisors (UK) LLP
2023 Investment Graduate Rotation Program
Capstone Investment Advisors (UK) LLP
London, United Kingdom
Pearse Partners
Hedge Fund Equity L/S Analyst
Pearse Partners
London, United Kingdom
Python Quantitative Developer
New York, United States
ALS Recruit
Head of Risk, Asia
ALS Recruit
Bohan Group
Macro Quantitative Trader
Bohan Group