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Hong Kong Investment Management Salary Survey 2017

Hong Kong Investment Management Salary Survey 2017

over 1 year ago by Lyndaine Demetilla

Introduction

The Aquis Search Hong Kong Investment Management Salary Survey 2017 details salary information and recruiting trends in the regions and business sectors we cover. Our information has been researched and collated with the help of our clients and candidates and from our working knowledge of the marketplace. Aquis Search consultants have extensive expertise in their practice area and the information reported is based on telephone interviews with hiring managers, HR professionals and in-house recruiters as well as data extracted from our own extensive database and internal research resources.

As with all reports that detail salary information and trends, we represent the mainstream view and we recognise there will be individual situations that fall outside the data published. This survey is therefore a guide to general movement in the sector. Please contact us for further information or for clarification on any of the compensation trends detailed in this report.

 

Market Overview

In the first six months of 2017 recruitment activity in the investment management industry has been concentrated in Chinese fund houses. Chinese firms have aggressively expanded their international operations and most have made Hong Kong their global hub. As a result, exuberant hiring has occurred on both the distribution and investment sides. Given the nature of their business, the elevated demand for Mandarin-speaking candidates with international exposure has created heated competition for talent between these firms. 

Generally, the market had been tough for a number of parties. We saw a tightening of the regulations from both local and international governing bodies, such as the HKMA, MAS, SEC and SFC. A number of international firms were ultimately fined, which then led to multiple investment banks making cuts. The knock-on effect is that investment houses are proceeding with caution, and there is an increased emphasis on employee retention, to save hiring costs, and to stabilise training costs and salaries. So far, we have seen sluggish market conditions in 2017, as markets wait to assess the impact of global political changes, particularly in the UK and US.

 

Outlook

The next 12 months should see more hiring activity from Chinese firms. 

Sales Institutional

Years of Experience Title Annual Salary in HKD
6 - 8 Assistant Vice President 700,000 - 900,000
8 - 10 Vice President 1,000,000 - 1,200,000
10 - 15 Director 1,500,000 - 1,800,000
15+ Managing Director 2,000,000 - 2,500,000

 

Sales Intermediary

Years of Experience Title Annual Salary in HKD
6 - 8 Assistant Vice President 600,000 - 800,000
8 - 10 Vice President 800,000 - 1,000,000
10 - 15 Director 1,200,000 - 1,500,000
15+ Managing Director 1,800,000 - 2,200,000

 

Portfolio Manager

Years of Experience Title Annual Salary in HKD
6 - 8 Assistant Vice President 700,000 - 900,000
8 - 10 Vice President 900,000 - 1,300,000
10 - 15 Director 1,600,000 - 1,800,000
15+ Managing Director 2,200,000+

 

These corporations will continue to expand their in-house investment acquisition teams; hiring bulge-bracket investment bankers and/or candidates from top tier private equity firms. New private equity funds will be launched by SOE-backed firms to invest both into China and globally. Infrastructure, TMT and healthcare industries remain a key focus of investments; hence candidates with related skillsets and prior exposure will be in demand. The majority of hedge funds that have survived and thrived in the previous year are those running quantitative strategies, thus demand for quant-savvy candidates in both strategy and development will also be evident. The asset class of ETFs should become further popularized among traditional fund houses, especially for Hong Kong institutional clients, and we expect a greater need for the recruitment of ETF sales and portfolio managers as a result.

Hedge Funds

Years of Experience Title Annual Salary in HKD
Portfolio Manager
6 - 10 Vice President 900,000 - 1,400,000
10+ Director 1,600,000+
Investor Relations
6 - 10 Vice President 800,000 - 1,200,000
10+ Director 1,500,000+

 

Salary and bonus levels will remain at similar levels to 2016 and early 2017. There are enough candidates in the market to fill the replacement roles that become available, so firms will be unwillingly to enter a bidding war to secure talent. Bonuses in this sector vary from company to company and are dependent on the performance of individuals, teams and firms, however, as the performance of the overall industry remains stable we expect bonus levels to remain the same as 2016.

Private Equity

Years of Experience Title Annual Salary in HKD
Management Reporting
2 - 6 Analyst 350,000 - 700,000
6 - 8 Associate 800,000 - 1,000,000
8 - 10 Vice President 1,000,000 - 1,500,000
10 - 12 Director 1,500,000 - 2,000,000
12+ Managing Director 2,200,000+
Investor Relations
6 - 10 Vice President 800,000 - 1,200,000
10+ Director 1,500,000+
 

To know more details, please contact -
 
Lyndaine Demetilla
Associate Director
Investment Management
Hong Kong, Asia Pacific
lyndainedemetilla@aquissearch.com
+852 2537 0333
 
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