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Hong Kong has one of the most positive employment outlooks among major financial hubs around the world, according to a new survey by specialist recruitment firm Robert Half. The latest Global Financial Centres Index found that after New York, Hong Kong can expect the biggest increase in permanent headcount this year.
The survey, which asked senior management of banks and financial services companies to nominate the three cities they expect to see the largest rise in employment, covers seven countries in Europe, North America and Asia.
More than one third of respondents said their Hong Kong office can expect an increase in permanent headcount this year. Among of those surveyed, 15% said Hong Kong will see the biggest increase in permanent headcount among major financial centres globally.
This places Hong Kong among the top three cities on the Capitals of Capital list of financial centres that anticipate job growth in 2013 along with New York and London.
“As the banking and financial services sector responds to the demands of global customers, this is generating more job opportunities in these financial hubs and Hong Kong will get its fair share of job growth this year,” said Pallavi Anand, Director at Robert Half Hong Kong.
He said the shift in economic and financial power from the West to the Asian economies has been underway since the Global Financial Crisis. “Among the emerging Asian financial institutions, we expect the most hiring to take place in Chinese companies,” added Mr Anand.
“One area within the financial services sector that is particularly buoyant is the demand for compliance and risk professionals. We are also seeing a strong demand for technology staff, including those within the financial services sector and across industries.”