Bankers Fleeing Europe Crisis Head to Singapore
The Europeans have started to take them down, one by one. The crooks and robbers in high places, wearing designer suits and an air of superiority, in the financial industry of the west, will hit the dust as their ill doings are being exposed. More will see their light being snuffed out as the financial industry with its unregulated mischievious products and practices revealed themselves as purely toxic and worthless waste. After wrecking the world economy in the late 1990s, nothing seems to change as they continue to revive and indulge in their old ways, and aggrandizing themselves with more dirty money from their ‘sophisticated’ but daft high net worth clients.
As the curtain is coming down, many are scrambling to the ignorant and naïve Asian countries that would open their doors and arms to embrace these financial rogues and their scam practices thinking that they were the god sent angels to boost up their financial systems and profits. If only they think a little and ask if these were really so talented, if their practices were so supreme, they would not be running away from the western paradise. And the top crooks and robbers would not be taken down, the big banks and financial institutions would not be in ruins.
But never mind, the Asians are always willing suckers to the west. Below is a compressed post on the great talents and their exodus to Asia. Sinkieland will be waiting in glee for these great talents. The first financial centre in Asia that will be in ruins will be Sinkieland if it blindly allowed all the rogues and their rotten products and systems into the island. Just watch the stock market and the signs of its demise.
Posted By: Rajeshni Naidu-Ghelani
Assistant Producer, CNBC
29 Jun 2012
A 37-year-old Paris-based French investment banker, who’s worked in London and New York, has been looking for a job in one of Asia's financial hubs, Singapore, for the past six months.
A director at an asset management firm owned by one of France’s big banks, she asked to stay anonymous, but told CNBC that even her husband, a portfolio manager, was on the lookout for work in Singapore. She added that they would move to the city-state with their two children as soon as one of them lands a job….
The French investment banker is one among a growing number of bankers looking to leave Europe as deteriorating economic conditions together with tougher regulations have slowed business and led to job cuts…. “It’s very, very slow here [in Europe]. On top of that, there are a lot of regulations adding up on each other, so it makes things a bit difficult,” she said.
Several global recruitment firms have told CNBC they’ve seen a significant increase recently in the number of European bankers wanting to relocate to the Southeast Asian city-state….The slowness in European and U.S. markets is also leading to more Asian-born bankers returning home to work, according to Norton….Malaysian-born Wai Keng Kwok, 33, is one Asian-born banker looking to make a fresh start in Singapore. Kwok moved to the island-nation in February,
after working for Morgan Stanley in New York for five years, to take up the role of chief operating officer at a local hedge fund started by a friend.