In the third quarter of 2024, the Hong Kong Financial Services market shows slight improvements compared to earlier quarters this year, yet hiring strategies remain cautious as economic uncertainties continue to influence decisions. Our latest market update provides a comprehensive analysis across various sectors within the industry.
From front office, where the hedge fund market showed signs of recovery in the first half of the year; however, caution remains prevalent. Encouragingly, there has been an increase in overseas talent expressing interest in relocating to Hong Kong, particularly from Southeast Asia and India, which enhances our talent pool as the market rebounds. In private equity, credit, fund of funds, and family offices, there is a growing demand for investor retention and service quality as companies prioritise capital raising. Likewise, in private banking, strong revenue projections for 2024 could lead to potential headcount increases in investment and product teams. Furthermore, a shift towards contract hiring in legal roles is providing companies with greater staffing flexibility. To middle and back offices, where demand for executive assistants is rising with organisations seek individuals who possess skills beyond routine administration.
This market update covers our specialist areas of our financial services team including front office (hedge funds, private equity & credit, fund of funds, family offices, private bank, corporate & investment banking and global markets), legal & compliance, accounting & finance, internal audit, risk management, operations, technology, marketing, human resources and business support.
Download it now to keep up with the trends shaping the financial services sector to gain an edge in recruiting top talent.
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