Wealth Managers Are Getting 30% Pay Hikes to Defect in Asia
- Typical increases of 30% or more as banks battle for talent
- Employees bringing in China clients are driving up rates
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With great wealth comes great remuneration.
Competition to manage the money of Asia’s burgeoning army of millionaires has pushed pay hikes for wealth managers to the highest in more than a decade. Those willing to jump to a rival are getting increases of 30 percent or more in Hong Kong and Singapore, according to private bankers and recruiters.