Pedestrians walk on an elevated walkway over a main road in the Central district of Hong Kong on February 19, 2019. (Photo by Anthony WALLACE / AFP)

Expat bankers struggle to find new jobs in Hong Kong as cost-cutting and demand for Mandarin speakers change labour market

  • Expatriate executives in Hong Kong earn US$276,417 a year on average, including benefits, according to consultancy ECA International
  • Average pay lagged Japan, China and India, although affordable domestic help and a work-friendly visa system for trailing spouses make Hong Kong attractive
Topic |   Jobs

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Pedestrians walk on an elevated walkway over a main road in the Central district of Hong Kong on February 19, 2019. (Photo by Anthony WALLACE / AFP)
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Werner Steinmueller, Deutsche Bank’s Asia-Pacific chief executive, said that as the bank exits equity trading it will expand its corporate bank in Asia and add jobs in its wealth management business. Photo: May Tse

Deutsche Bank overhaul could see new investments, hiring in Asian operations, APAC chief executive says

  • The German bank plans to cut 18,000 jobs globally, close its equity sales and trading business
  • Realignment will open up new capital for technology investments in Asia, new hiring in wealth management, according to Werner Steinmueller
Topic |   Banking & Finance

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Werner Steinmueller, Deutsche Bank’s Asia-Pacific chief executive, said that as the bank exits equity trading it will expand its corporate bank in Asia and add jobs in its wealth management business. Photo: May Tse
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