Turmoil prompts firms in Asia to put hiring on hold: recruiters

The turmoil in global financial markets is causing many asset managers and banks in Asia to rethink hiring plans, recruitment executives have noted. However, optimism about the outlook for Asia remains strong. A number of investment banks and fund management firms have already pulled down the shutters on hiring this year, but many of those still recruiting -- mainly large firms with annual hiring needs -- are now pausing for reflection, says one Hong Kong-based recruiter. While …