ReleaseWire

The Hong Kong General Chamber of Commerce (HKGCC), recently unveiled its 2021 economic forecast – envisaging real GDP growth of around 3.5%. Moreover, throughout Hong Kong and, more broadly North Asia additional opportunities are also on the horizon. Mainland China has given clear signals indicating its interest in opening a key financial services sector to foreign investment. One example of this is China's wholly foreign owned enterprise (WFOE) rules, allowing foreign investors to further capitalise on growing investor demand. But what does this mean for financial services careers in Hong Kong? As leading recruitment specialists within this field, Selby Jennings predict that this WFOE will yield results across several international banks within Hong Kong which will seize on the opportunity to take either a majority share or a wholly owned stake in their onshore China securities and asset management businesses.

As we reach Q1's halfway mark we are able to reflect on the positive trends likely to impact financial services recruitment roles in what is set to be a year of growth. In the past few years Singapore has seen a steady stream of global managers set up shop. Recently JPMorgan doubled Singapore private bankers and U.S. hedge fund D.E. Shaw communicated plans to grow its Asia-Pacific footprint with the opening of an office in Singapore during 2021. Moreover, Singapore has great benefits when it comes to ease of access, capabilities and platforms.

As Q1 begins to unfold the outlook for the rest of 2021 brings a sense of positivity among financial services and banking institutions throughout Singapore. As leading recruitment specialists across all financial service sectors, Selby Jennings partner with many businesses who are starting to rebuild teams and recruit for positions where stability and resilience have remained steady. Furthermore, American buy-side clients, for example hedge funds and asset managers continue to storm APAC with a strong push to invest in the region's overall growth. Due to potential prosperity and resources and coupled with a more agile hiring process, Selby Jennings expect to see greater growth when it comes to local talent looking to move into these firms.

DSJ Global specialise in end-to-end supply chain recruitment throughout Switzerland. Now more than ever before, the logistics industry has had to react rapidly to the constant changes caused by recent technical developments, such as tech-enabled warehousing, customised manufacturing and crowd sharing; alongside the issues presented by the pandemic, such as border disruptions and national lockdowns.

Over the past few years, organisations around the world have incorporated environmental practices into their work in an effort to protect the world against the effects of global warming by working towards a more sustainable way of functioning. According to the Association for Supply Chain Management (ASCM), "the supply network for a typical consumer product accounts for more than 80% of the associated greenhouse gas emissions and more than 90% of the associated impacts on air, land, water, biodiversity and geological resources."

Throughout 2020 there were three main areas of growth for Risk Management; Country Risk, Risk Analytics, and Operational Risk & Business Continuity. All three of these areas are set to continue throughout 2021. In the post-Brexit UK market, Country Risk is likely to remain a high priority area for firms with even greater career opportunities for emerging markets. Positive news also extends to roles in Risk Analytics; as the UK continues to see advancements and growth in automation and data-driven decision making, thus, candidates with backgrounds in Quants will be highly sought after.

Adjusting to the UK's departure from the European Union earlier this year, logistics and technical operations professionals have had to adapt to the new requirements when carrying out duties in a post-Brexit society. Despite the year-long transition period which was designed to give organisations and government time to adjust and make the departure as streamlined as possible, there have still been long border delays between the UK and EU caused by complex paperwork issues. A recent study by MAKE UK reported that 61% of companies have reported supply chain disruptions either exporting or importing to and from the EU and around 32% are having their supply chains impacted in both directions.

Procurement practitioners contribute a great deal to society and the modern world. This has been increasingly evident in recent months due to the ongoing global situation and the effects this has had on the logistics and supply chain industries. DSJ Global work with talented professionals throughout Germany, in major cities such as Berlin, Frankfurt, Cologne, Hamburg and, Munich establishing themselves as leading international logistics recruiters.

Despite market disruption in 2020, and numerous comparisons being drawn with 2008, overall, the financial services sector finds itself in a far more lucrative situation than 12 years ago. While 2020 saw many industries suffer dramatically across the financial services sector, there were plenty of examples of unrivalled performance - many High Frequency Trading firms recorded huge profits: Optiver, Citadel, and Jump Trading all benefited from the unpredictability of the market. In addition, some traditional sell-side trading desks in banks such as Jefferies and BNP Paribas posted record quarters. Stay-at-home orders and employee safety concerns led to a sharp rise in remote working, which took some adjusting for both employers and employees.

One key takeaway from 2020 is that change is and continues to be the new constant, and when it comes to countries such as Hong Kong, this type of change should help create the birth of a new global power centre. As we look ahead into 2021 and beyond Hong Kong looks perfectly placed to become an international business and financial hub with high-speed communications, free flowing information and capital, and a low and simple tax system. From wealth management to fintech, a raft of new initiatives are all set to strengthen Hong Kong's role as an international financial centre.

The coronavirus pandemic has had a drastic effect on many aspects of life. In recent months, air cargo has played a vital role for many airlines to keep the industry alive. As a consequence of the implementation of stringent restrictions to daily life across Europe, the online shopping and e-commerce industries have boomed reaching an estimated worth of €717 billion at the end of 2020.

As President Biden is sworn into the White House and the democratic term commences, there are many new developments to look out for in America's immediate future. With keen aspirations to boost the countries manufacturing sector, Biden recently signed an executive order that will seek to enforce that the existing US government buy American provisions. This comes after years of US companies previously outsourcing production and manufacturing to countries such as China, which has, in turn, contributed to the reduction in manufacturing jobs throughout the United States.

As we make headway into 2021, we look back at 2020 which was arguably one of the most volatile and uncertain years in recent history. Interspersed by a global pandemic, social unrest and an unprecedentedly disruptive US election cycle it's not surprising that investors in risk assets have retreated in a meaningful way to the side-lines. Established in 2004, Selby Jennings have been a leading specialist recruitment agency for banking and financial services for more than 15 years. In this time, Selby Jennings have opened offices throughout the US enabling a mass elevation of services to clients and candidates integral to these markets.

When it comes to quantitative analytics some of the main takeaways to consider are; a quantitative analyst is a professional who uses quantitative methods to help companies make business and financial decisions. This also extends to the trading world, where quantitative analysts are in especially high demand. Risk management is a field of quantitative analysis that has grown exponentially since the financial crisis of 2008.

UAE HOSTESSES is an agency providing professional and experienced exhibition staff, hostesses, promoters, and models for any corporate event in UAE. They handle every detail of every event so diligently that hosts need not worry but sit back and relax as they watch their event turn out precisely they desired it to be. The agency hopes to deliver the best services to its clients' events by discovering new faces and train its staff with the skills and high-end staffing solutions. 

Like many countries across the globe 2021 and the roll-out of the COVID-19 vaccine brings hope for many careers in the financial and banking services. National Trades Union Congress secretary-general Ng Chee Meng said in a recent webinar, that the local and global health situation will be a big factor in determining how the economy recovers from its low base.

The pandemic has shifted the way many companies conduct business both internally and externally. During a time when it seems as if everything is "virtual", CCI Consulting has found great success in creating virtual programming that keeps employees engaged and learning at its core.

Wealth management is a form of investment management and financial planning that provides solutions to a wide array of clients ranging from affluent to high-net-worth and ultra-high-net-worth.

Despite the pandemic Hong Kong still remains a vital hub when it comes to financial services careers. As China still has a vast shortage of executives with the specific backgrounds or experience to manage funds or run businesses for foreign firms, it has resulted in Hong Kong remaining as an important focus in terms of the mind-set of many asset managers who will want to grow their business in China.

The march towards greater electrification of Singapore’s transport has gathered speed with big plans in the pipeline for 2021 and beyond. Singapore, as a global financial hub, has jumped into the fray in a big, bold way as it marches towards greater electrification throughout the transport sector by declaring it aims to phase out internal combustion engine vehicles by 2040.

The fear of uncertainty due to the virus outbreak dictated the economic climate in 2020. As we approach the end of January 2021, we can see that businesses are remaining cautiously optimistic, as many remain unsure about the rate of market recovery.

Careers in Engineering and Infrastructure are beginning to augment throughout the US. Information published by the American Society of Civil Engineers indicates that after weeks of negotiations, Congress has now passed a bipartisan end of year package to not only appropriate funding in 2021, but to provide much needed economic relief to several sectors impacted by the COVID-19 pandemic.

Information recently published by the Global Construction Review (Singapore) stated that: “based on the contracts awarded in the past few years and considering the construction demand forecast for 2021, the total nominal construction output in 2021 is projected to increase to between S$24bn and S$27bn, from the estimated S$19.5bn in 2020.

Ranked 132nd out of 194 by size, the alpine state is 20th in terms of gross domestic product (GDP) and second by GDP per capita. Covering just a small fraction of the globe, it hosts a quarter of the world’s cross-border assets and is a financial centre of significant global importance.

Construction employment increased by 51,000 jobs in December 2020, with gains for non-residential as well as residential contractors, according to an analysis by the Associated General Contractors of America of government data.