Headhunters exploiting regulatory pressure on banks

Bank-backed asset management companies have become fertile hunting ground for recruiters due to internal job insecurity on the back of increased regulatory pressure, confirm headhunters. Hong Kong-based subsidiaries of mainland Chinese fund managers similarly have suffered turnover in the past year, partly owing to an inability to adapt to cultural differences and internal politics. The beneficiaries of both of these trends have been established standalone fund houses, recruiter…