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Demand for finance professionals in Asia increasing

Thursday 27 January 2011 by

Markets such Hong Kong could be a key destination for individuals looking for international finance jobs, it has been suggested.

According to an article in Forbes magazine, investment banks are rapidly expanding in Asia and there is a high level of competition to attract the best talent.

Turnover in the area is expected to rise sharply as individuals who were reluctant to relocate during the financial crisis seek new opportunities.

"As a result, the war for talent is likely to heat up as financial firms get more creative with their sourcing, hiring candidates from related sectors or from overseas," the article noted.

The publication suggested that the areas that are likely to see the highest demand include private banking relationship managers, equity capital markets bankers and investment bankers with experience in the Chinese market.

Recently, foreign secretary William Hague told an audience in Hong Kong that the UK would seek to increase its economic ties with countries in the region.