#Economy #FailedState
Recruiters say 'no amount of money' can lure #bankers to #HongKong
//Hong Kong's status as a magnet for international financiers is cratering as firms struggle to coax traders and bankers to move to the once vibrant trading hub.
... The crunch comes as the former British colony is dealing with a growing outflow of expatriates who are frustrated with the city's strict #zeroCovid19 policies. They're abandoning a city where low taxes, ease of travel, top class schools and a vibrant night-life once proved a potent lure.
For some candidates, "no amount of money is going to convince a candidate to go to Hong Kong," said Jason Kennedy, founder of London-based recruiting firm Kennedy Group, which hires traders for hedge funds with offices across Asia.//
Read the full article:
https://www.straitstimes.com/business/banking/recruiters-say-no-amount-of-money-can-lure-bankers-to-hong-kong
Source: Bloomberg #Jan21
Recruiters say 'no amount of money' can lure #bankers to #HongKong
//Hong Kong's status as a magnet for international financiers is cratering as firms struggle to coax traders and bankers to move to the once vibrant trading hub.
... The crunch comes as the former British colony is dealing with a growing outflow of expatriates who are frustrated with the city's strict #zeroCovid19 policies. They're abandoning a city where low taxes, ease of travel, top class schools and a vibrant night-life once proved a potent lure.
For some candidates, "no amount of money is going to convince a candidate to go to Hong Kong," said Jason Kennedy, founder of London-based recruiting firm Kennedy Group, which hires traders for hedge funds with offices across Asia.//
Read the full article:
https://www.straitstimes.com/business/banking/recruiters-say-no-amount-of-money-can-lure-bankers-to-hong-kong
Source: Bloomberg #Jan21