Wednesday, 23 July 2014
Last updated 1 hour ago
Dec 19 2011 | 1:11pm ET
Hedgies who want a bigger pay boost should look to Hong Kong, a new survey shows.
The average basic salary for hedge fund staffers and bankers in Hong Kong is up 15% this year, the Astbury Marsden poll shows. The average Hong Kong financial-services pro earned HK$890,000 (US$114,000) this year.
Even better were those who switched jobs. Managing directors jumping from one firm to another in Hong Kong saw their average pay jump 25% to HK$2.5 million, the survey shows, while analysts who switched jobs enjoyed a 20% average pay hike to HK$400,000.
Those who didn't switch jobs and didn't get a promotion will have to settle for a 9.5% increase.
By way of contrast to Hong Kong's 15% pay jump, hedgies and bankers in London have received only a 12% raise, Astbury Marsden said.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…