Danos Associates publish “Hong Kong Salary Benchmark Report 2020”. This report outlines senior salaries for “Traditional Asset Manager” and “Hedge Fund & Private Equity” roles.
It also includes key market insights:
- Overall Asset Management salaries have not changed substantially during 2020 although we continue to see a growing variation between fixed and variable compensation between firms.
- Whilst 2020 has not been a bumper year for hiring, there has still been movement at all levels necessitating replacement hires, with activity increasing in the second half of the year and expected to increase further post bonuses in the New Year.
- Many International Asset Managers have now established or are in the process of establishing a Singapore entity, but this has largely been to aide expansion in the South East Asia region, rather than relocating headcount from Hong Kong.