banker exodus
Hong Kong bankers’ exodus accelerates amidst strict quarantine rules: report
Hong Kong bankers’ exodus accelerates amidst strict quarantine rules: report
UBS recently shifted to two senior bankers and might move eight more to China.
Growing exodus of junior bankers poses talent shortage for banks in Asia: report
Even raises of up to 30% has failed to stop junior investment bankers from leaving.
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1. More than half of Filipinos have financial accounts but few hold bank accounts 2. Singapore to slash private bank account opening to under a month 3. CommBank tests AI banking assistant in app pilot 4. OCBC Hong Kong names new wholesale head and risk chief 5. Stablecoin circulation lags at $300b as banks focus on tokenised depositsResource Center
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Monitor Deloitte's Prashant Krishnan urged banks to transform their relationship models to meet these demands.
Commentary
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Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai