Where the jobs are now: Information service providers in Hong Kong and Singapore

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With a counter-cyclical, compliance-driven flourish, information services providers in Asia are continuing to expand recruitment while banks continue to cut. But ironically, this demand for staff is being generated by the banks themselves.

Chris Mead, regional director, Hays, South East Asia, says: “As 2012 has progressed, we have seen a gradual increase in hiring for information service providers. As the general job market in financial services continues to improve in Asia, we expect to see a further increase.”

Banks in Asia are prioritising risk management and compliance thanks to fluctuating markets, new financial regulations and continued relocation of middle-office functions into Singapore and Hong Kong.

All this is driving recruitment at companies that help financial institutions manage risk by providing them with information services – for example, rating agencies, data suppliers and business newswires. The need for faster, more detailed, customised, real-time information is growing accordingly.

“There’s been a rise in recruitment across the large global information providers, and in some instances a faster percentage growth by niche players that are establishing a foothold in Asia or are expanding an existing sales office into a full-service operation,” says Mead.

Sales, client-services and technical-support professionals are among the most sought after.

“Most of this demand is for candidates at the mid level, although there are some senior jobs to lead expansions and set up new functions. The need for client-facing roles in sales, services or support is due to the higher number of key decision makers and consumers of information services now based in Asia compared with 12 or 24 months ago.”

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