efinancialcareers usa This is a topic that many people are looking for. bluevelvetrestaurant.com is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, bluevelvetrestaurant.com would like to introduce to you George McFerran, eFinancial Careers. Following along are instructions in the video below:
“Bank was able to step up to the plate in a number of areas on on the flow of qr national and in the process bring all the capability of bank into the transaction. This was australia s largest float in over 20 years and we performed multiple roles in the process cue our national privatisation. It s been a tremendous outcome for all parties concerned you know when they debuted. There are 7 billion dollar company and now today.
The market capitalization is over 8 billion dollars. George thanks for joining us on ceo hub. Well thanks. Very much for having me now i m just interested in exploring with you the effect of the financial crisis on what you might call the market for financial ceos.
What impact did it have then well a financial career financial services job board. And we have a network of sites that go around the world covering all the world s major financial centers. So from our side. We were able to see you our business model is based on job advertising and so we re able to see a significant drop in a number of jobs and then we ve been able to see the recovery of that as as the gfc has come over has recovered from the gfc as it has it recovered.
All the way back not yet know so pre gfc kind of if you re looking at back to october lehman. Time. Then we had about 12 and a half thousand jobs listed on the website globally that bottom that in in may o8 with 55. And a half thousand jobs.
Roughly and then since then we started to see it steadily crawl back. And we re now sitting about ten and a half thousand jobs globally. So are you talking about jobs in finance. There yeah we re talking across you know we focus on middle middle to senior level management jobs.
So. But we re looking at front middle and back office. And what we have seen is that the asia pacific region. Is actually back above its previous gfc level.
Where as we re finding with the us uk europe middle east..
That we re still not back at our pre crisis. Levels. And i think that s symptomatic of the speed of recovery that we ve seen out here in the region. Yeah.
Well so if someone was looking to become a ceo of a financial business. Where would they best be located that s a very good question. I think at the moment. A lot of multinational organizations looking to centralize some of their decision.
Making in in regional centers of hong kong and singapore. And so i think you know if you re looking at opportunity for someone who s ambitious. Then they re clearly places to be based in the moment. And what s and within the financial sector.
What we re aware is the greatest demand it demands an interesting one because you can there are certain niche roles that are in high demand. Because there s a very niche and specialist job to be done. But there s also some bulking up to be done so you can look at private banking and wealth management and certainly banks across the asia pacific region and looking to increase their resources. They re ahead of the forecasts rise in private wealth.
So but banks are looking to hire a large number of people in those areas. But then specialists in that say you know natural resources. They re also in demand. But they just aren t many people to choose from in that area.
So what we re seeing is demand tends to be across the bank front middle and back and do the chinese people as they become wealthier do they look to hong kong for their advice and their and their investment management. Yes definitely yeah. And we re certainly seeing again speaking to clients that certainly interest in hiring wealth managers into hong kong. We ve got access to a network in china.
So it s only hong kong is proving to be a hub for that but singapore also is there a lot of wealth management activities being based as an asean center..
So you know both both centers are doing well from that perspective right so so looking to someone looking to take advantage in their career. And perhaps as a wealth manager of some sort or advisor mm hmm to take advantage of the chinese phenomenon. Yeah sure would be best locating in hong kong or singapore. Yeah.
I d say so i mean here with you if you re going to be there then their language skills are pretty important so it s not do you mean you have to speak mandarin. Yeah if you re gonna be based in hong kong attacking the china market then you ve got to have an understanding of language and culture. It s so important if you have any sense or feel for the for the ceo market as specifically as opposed to the the broader financial markets and i don t have a direct touch on the ceo market to be honest. I think you know there s certainly.
The ceos of some of the regional organizations and banks and local banks are seeing the the return of the the financial markets. After the crisis is a great opportunity to expand and you know as well documented. Those organizations that are trying to increase headcount and take advantage of the opportunity that that s on office. So i think the challenge that a lot of chief executives.
Face is living up to the potential that asia has got to offer and managing the the growth through this exciting time. It s interesting way to put it living up to the potential of asia. What do you think the challenges specifically of that are for a ceo well. I think because you re in the same position yourself as similarly.
I think you know it s talent and talent management is important and a business is only as good as the people that it hires and importantly retains and i think holding on to staff is a big challenge for a number of organizations. They may print and they have and ambitions to grow headcount and that s all very well attracting people to come and work for you. But holding on to the people through a process of change is difficult and these organizations are trying to expand and take advantage of the opportunity. And i can put huge stresses and strains on a large organization or even a smaller organization like our own.
Oh you have to maintain the culture and maintain services and systems and make sure that everybody has the opportunity to to fulfill the the opportunity in the dream that you you sold them you ve got a press release this weekend about the mobility of people in your sector and around the world tell us a bit about what that survey discovered yeah sure no we re a privileged position. I think in that we re a global network of sites. And that gives us a unique insight into what s happening in in the job marketing. Gives us a real sort of barometer as to how people are feeling not only from a job number perspective so a year on year.
We ve seen job numbers in hong kong singapore up 50 percent more than 50 percent australia great and 38..
Percent you re near you compare that to the uk in the us. Where you re looking at sort of mid to late 20s percentage increase. So that gives you some indication of what s happening in the region and and financial services. Is it s a globally mobile group of people and they go to where the greatest opportunities are so the recent survey.
We did was just asking people how open they switching countries and the synopsis of that is that 88 of people based in asia pacific. See overseas experiences. It as a clear click goal for their career progression. Interesting is that that i remember you know during 2008.
Everyone said. The finance industry is finished it s all over yeah. No yeah. That they d be towers empty tower.
Yes. Yeah through the cv ds of the most capital cities particularly london and new york city. But it didn t kind of work out that way do it no and i think you know from an asia or late apac perspective. We or the region has clearly bounce back faster and people see the opportunity you know you only have to look at the the growing corporate wealth and the opportunities around infrastructure growth.
The growing businesses and then that feeds going to trickle down into increased private wealth and then it ll circle back into into businesses. As well. So this khalili. An opportunity for financial services to grow a long way in the region as both corporate and private become more sophisticated in the products and the demands from the front and financial services industry.
So yeah ultimately we will always need bankers so yes. But yeah that s good for you. But yeah i mean you mentioned that 50 was the jobs in your side. Yeah in the region of 50 percent year on year.
Yeah that sounds great and you re comparing it in the sense favorably with america yep like twenties..
Yeah was it growth. Yeah. That s still pretty strong isn t it yes no it s not yes it s half the growth yeah yeah of the region. But wow yeah i think you know the financial services industry as a result of gfc.
They they cut pretty deep and pretty hard and got rid of a lot of extra headcount and the strength of the recovery has taken many people by surprise. And there was definitely a large amount of hiring in 2010. As people scramble to get back in the game can you see a time when hong kong and singapore. Supplant.
New york city and london. As the financial centers of the world. That s a good question that lots of people are asking right now. I can t see them supplanting.
But i can see them reaching parity and becoming more important. But shanghai also is is on the chinese government and shanghai government have a stated goal of turning shanghai into global financial center by 2020 and they re making a lot of work a little bit doing a lot of work to make shanghai more attractive to its advantage. Suppose they need to make the currency much more tradable. Yeah.
That s not the world s reserve currency. That s certainly sure they need to they need to eat up there. But already they ve started it use up on other regulations and structured products are starting to become available in the marketplace. As well as so so things are changing.
But again talent is an issue in shanghai and to be able to provide a wider range of services and products. Then they need to have trained and qualified people and look across the industry to help them do that so. It s been great talking to you thanks for joining us ceo of georgia. ” .
Thank you for watching all the articles on the topic George McFerran, eFinancial Careers. All shares of bluevelvetrestaurant.com are very good. We hope you are satisfied with the article. For any questions, please leave a comment below. Hopefully you guys support our website even more.