22 Mar '11, 10am

HK-based bankers got an average bonus jump of 25% for 2010, nearly double the increase received by counterparts in S'pore

SINGAPORE, - HONG Kong-based bankers got an average bonus jump of 25 per cent for 2010, nearly double the increase received by counterparts in Singapore, as the Chinese territory enjoyed a record year for IPOs, jobs portal eFinancialCareers said on Tuesday. Bankers in Australia saw an average 13 per cent rise in bonus, similar to Singapore and well above the 5 per cent average increase in Britain. Those in the United States were the worst off with a 5 per cent drop in average bonus, according to a global survey by the jobs portal. The survey, which took place between Jan 4 and Feb 14 this year, collected responses from 6,364 financial markets professionals in Singapore, Hong Kong, Australia, the United States and Britain. 'Hong Kong is perhaps more front-office driven and they had a record year in terms of IPOs and activities coming out of China,' eFinancialCareers' Asia P...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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