2014

2014

June 2014

Posted by Anton Murray Consulting on . Posted in 2014

As one of our four primary recruitment locations, Singapore is the focus of our June newsletter. Over the last decade Singapore has grown as a prominent global hub for financial services. The Lion City has a low tax rate, ranks highly on ease of doing business and is pro foreign investment.

While growth hiring in Singapore has cooled a little over the past few years the city remains an important strategic location for many of our clients. Over the years the Singapore Governmentseems to have oscillated between a relatively loose immigration policy to being quite restrictive. Singapore maintains a low unemployment rate of 2.9% for residents and 3.0% for citizens.

The Singaporean government is actually deferring $2bn worth of construction projects, intent to slow down the influx of foreign workers and manage the country’s population. Also interesting is the new employment measure being introduced by the government on 1st August (the Fair Consideration Framework), which states that all positions under SG$144k (AUD$123k) must be advertised to Singaporeans only for 14 days before being promoted elsewhere. This is unlikely to have a big impact on most financial services roles, but it again shows the Singapore government’s plans to protect local employees.

The first quarter of 2014 saw Singapore’s economy grow by 4.9% year-on-year. Growth is estimated to be between 2% and 4% for 2014 and is primarily being led by the manufacturing, construction, wholesale/retail and finance sectors.

Tourism still remains important to the Singaporean economy, despite the 2013 change to Chinese tourism laws which has seen a decline in the numbers of Chinese tours heading abroad.

Upcoming industry events in Singapore include the Asia Trade Finance Week in September this year, as will the World Finance & Business Conference in December.

In Singapore? Keep an eye out for driverless cars in Sentosa in the near future. They are in talks with MIT to roll out a trial in Singapore.

Perfect for a good quality business lunch, Restaurant André was recently named Singapore’s best restaurant for the second year in the Asia’s 50 Best Restaurants list for 2014. Located in a 19th century terraced house, Restaurant André is heralded for its delicate southern French cuisine and has been on the radar of the international press, including the New York Times, for a few years.

May 2014

Posted by Anton Murray Consulting on . Posted in 2014

In an effort to further engage with our growing list of contacts across our four primary recruitment markets of Sydney, Melbourne, Singapore and Hong Kong we have organised a monthly newsletter with interesting news, events, market trends, market commentary and specific opportunities that may be of interest.

For many of our clients within the Investment Banking, Funds Management and Wealth Management markets, 2014 has been a confident year to date. Our larger global investment banking clients continue to experience challenging markets in Europe and costly legal challenges in the US, still being negotiated from the sub-prime mortgage crisis of the GFC. However within Asia-Pac we are finding most of our clients are positive about the year ahead, and growth hiring is a regular topic of conversation. We are now entering the post-bonus season of 2014, and across all of our product groups from front-to-back we have seen an increase in hiring as compared to 2013.

If you are so inclined, we would love for you to connect with us via Twitter, LinkedIn andFacebook to receive live market news updates and position postings. We aim to use both social media and our improved website more in the years to come to deliver market intelligence, live job updates and high-quality content to our clients and candidates.

Have a great 2014, and we look forward to engaging closer with you throughout the year.

Best wishes,

Anton Murray – Director

Funds Management

Funds management is still a growing area within the financial services market and more and more global fund managers are trying to capture some of the action.

Investment Banking

As M&A activity increases and in the wake of one of the more anticipated bonus seasons, many platforms are seeing renewed investment into their headcount for 2014.

Wealth Management

Over the past couple of years, large businesses have been increasing their asset portfolios and our clients continue to look to grow their front office advisory teams.

Our clients include

* Prior invoiced clients across the region.