Reuters – Investment bankers in Asia, emboldened by fat bonuses and unprecedented demand for their services, are expected to jump ship at a dizzying pace as the job-hopping season begins in earnest.
Merrill Lynch, Citigroup and other banks are due to award bonuses over the next few weeks — Goldman Sachs and Morgan Stanley have already paid out — freeing top dealmakers to exit for greener pastures.
This year will be busier than most, experts say, as more private equity houses enter the Asian market, hedge funds multiply and several investment banks ramp up hiring in key emerging markets like India.
The stakes are big. The loss of a key dealmaker can lead to the defection of some clients and entire teams in times of executive upheaval, when rivals circle like sharks to snatch top people.
