The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Asian bankers nervous as bonus season nears

Capital markets business is booming; But bankers fear pressure of public opinion

The top earners at Asia’s investment banking franchises are awaiting the opening of the bonus season with more than usual interest and uncertainty. Three key factors contribute to this state of nervous tension. The first is that despite all the bad news at the start of 2009, there has been a spectacular late rally in fee-winning opportunities as the IPO markets reopened in style. A senior capital markets banker in Hong Kong tells Euromoney his team are on course for their second best year ever (behind the bumper 2007) as delayed offerings are rushed to market. The problem for bankers who have been raking in fees for their firms at near-2007 levels is that they don’t know how that translates to personal reward in 2009.

"People are constantly asking me ‘what’s my mark-to-market?’," says a headhunter in Hong Kong who specializes in investment banking hires. "The top earners want to be back at 2007 levels but nobody quite knows where they stand because 2008 was so poor."

The second factor these bankers might be pondering is the extent to which external pressures will affect pay decisions at their firms.

"Certain banks don’t care what people think," says the headhunter, "and will look after their top producers regardless of public opinion.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree