Asian private equity managers must do more to retain key staff or face closure, says Michael Di Cicco of search firm Heidrick & Struggles, citing new research on industry compensation.
Compensation is increasing for Asian equity and fixed income buy-side professionals, with investor inflows to the region forecast to drive salaries nearer to US levels, finds Greenwich.
Headhunters say the asset management industry continues to hire across the board, but that the biggest salary increases are in selective roles.
Projections suggest total compensation in Asia is up 8% in fixed income and 10% in equities this year, rising quicker than in the US, although Asian professionals still earn substantially less than their US counterparts.
What does it cost to pay a hedge fundÆs staff? We asked someone who knows.
During a luncheon speech in Singapore, CEO Ho Ching discusses succession planning and compensation issues as well as Temasek's strategy.