Skip to content
Subscriber Only

Hong Kong Banks Are on an Unusual Hiring Spree

  • Newly licensed lenders are seen doubling headcount this year
  • Finding the right skill set a challenge, headhunters say
General Economy in Hong Kong
Photographer: Justin Chin/Bloomberg

Hong Kong’s banking sector, one of the most staid areas of its financial industry, is seeing an unusual spurt of recruitment as newly licensed virtual banks race to snap up talent.

Four ventures that won permits have about 200 people in the city, which may more than double by the time they start operating, said Carol Cheung, a director at headhunter Robert Walters Plc. The Hong Kong Monetary Authority expects the virtual banks to begin offering retail and commercial services within nine months and is processing four more applications.