Singapore a popular choice -Singapore Headhunters
Friday, August 22nd, 2008Singapore Headhunters say they have seen a significant increase in interest from bankers in the US wanting to work here. This is hardly surprising, given that 65,000 jobs have been cut by the world’s biggest banks and securities firms over the past 10 months as mortgage losses and writedowns for financial institutions reached US$319 billion, Bloomberg data showed. And with consolidation and streamlining on the cards, more jobs are in danger.
‘The number of candidates from the US looking to relocate to Asia has probably at least tripled or quadrupled compared to last year,’ noted Fabrice Desmarescaux, head of financial services for Asia Pacific at headhunter Spencer Stuart. ‘It used to be difficult to get any senior finance professional in the US interested in moving to Asia. Now we are getting way too much interest!’ he exclaimed.
David Jones, managing director of Asia Pacific at recruiter Robert Half, concurred, pointing out: ‘We have seen an increase in the number of resumes of about 200 per cent from North American applicants seeking employment in Asia Pacific, with particular interest in Singapore.’