Sure they are. Why not?

I was wondering because none of the investment bankers I've met so far in Singapore considers RHB, CIMB, MBB or for that matter DBS, OCBC or UOB as their peers in the ASEAN context. They are still considered retail banks with little ill staffed outfits that are only capable of feeding off the leftovers.

Well, at least that was their vehement position.

Then that is their perception on an asean level. For all intent purposes, the outfits are deemed investment banks albeit for local coverage. Foreign banks ib outfits are ill placed to compete against the local banks... lacking the balance sheet and what I possibly guess support from bnm. I understand where you are coming from though , although it does sound condecending. Put it this way - its not uncommon for us in the local scene to approach the sg banks for really simple back to back products.

Very very true. Within Msia, the foreign CF outfits are very small. Most of them assume advisory roles. They might have better skills but local deals are mostly going to the domestic houses. But having said that, if you could get into a foreign house, you should. 1) exposure is better, 2) brand name is better.

For equities research, the foreign houses are doing well because they could offer regional views better. The local banks are playing catchup on this. But CIMB, Maybank and some other smaller players are respected for their closer to ground coverage on individual companeis.

For treasury, fixed income and FX, foreign houses own a decent market share here.

For asset management, foreign houses dominate the regional and global mandates. Local houses are still favored for domestic mandates because they are closer to market.

So right now there's no supply but there's demand, shouldn't your company increase the salary to attract the people that they want?

Increase to what price? RM7k basic for junior?

Increasing too much I might as well get experienced guy or poach from CF desks?

The art is to create supply, not to keep increasing price. My side only needs 2, CF side needs 3. So, no need so desperate. Just that it is frustrating.

---

Added on June 26, 2012, 7:03 pmYes, we are a small bank. However, just in case you find problem squeezing into bulge bracket, we can work out something for you.

This post has been edited by IBank BeanBag: Jun 26 2012, 07:03 PM

Then why don't you guys do that then?

Doing it, but just that the results may not be immediate.

Thus, my frustration of not able to get people who have good degree, good english, analytical skills and read financial statements.

Ppl just want to send me CV and try for an interview, but not ready for it. To be in IB, u r expected to have knowledge that can withstand the test. Engineering or not, no excuse.

So for now, still evaluating some candidates but waiting to look into others.

---

Added on June 29, 2012, 2:34 amSianz... When will talents come?

This post has been edited by IBank BeanBag: Jun 29 2012, 02:34 AM

people from big 4 should pass ur requirement. trust me

I seriously doubt that when you said 'people from big 4 should pass ur requirement'. I honestly don't think so. I don't think it is that hard to get into big 4 considering the fact that audit firms are always lack of staff, and the high turnover rate. And people who wants to be in IB and has got what it takes to be in IB, he/she will apply for IB and get himself/herself the job there.

Hye I saw this job in jobstreet too ler after I search from lowyat. Can give me a try as I'm fresh graduate from Northern University of Malaysia UUM

here's are the core course that I attended :
• Risk Management
• Financial Risk Management
• Investment Analysis
• Financial Modeling
• Basic Econometric
• International Finance
• Corporate Finance
• Personal Finance
• Strategic Management
• Financial Management I/II
• Macroeconomic
• Microeconomic

result for those unrelated subjects such as Malaysia's study not good but most of the finance related subject I able to score an A or B+
Read CNBC Bloomberg watch Reuters Insider almost every because i'm really love financial things : )
if you're interest in my resume pls provide me your email: )

I seems to offered you an interview before. pls tell me if i have not. every1 deserve a chance. it will be 2 mins or 20 mins or 2 hours only

I am willing to go for an interview. Wether I embarrass myself or not is another story, but it is nice to take up the challenge.

i'm willing to for interview as well. I'm ACCA affliate and took finance paper as optional paper. Other than that, i m currently working in Big 4 for 3 years to date and my current position is an audit senior.

How would you define good people? Those can work one will definitely ask for super damn high salary and in the end you will prefer to hire two personnel which are above average.

I prefer the later. Human capital need training. Dont be so selective.

Am willing to give a try as a business information system student, do you provide trainings ?

To be fair to TS, I actually know someone who knows him. He is genuine. Hope that clarifies.

Send me your CV.. text in PM will do as well... we can have a call to discuss

---

Added on August 19, 2012, 8:18 pmThanks for help. I could be an arsehole but genuinely hiring. Workflow so well that now need to hire 3 fresh grads and two interns.

---

Added on August 19, 2012, 8:19 pmSend me ur CV

---

Added on August 19, 2012, 8:22 pmI just need 3 good fresh grads and 2 good interns... How good a fresh grad is that they can ask 5k?

+ our increments can be really good for good ppl

This post has been edited by IBank BeanBag: Aug 19 2012, 08:22 PM

The skill for foreign IB is NOT to tap into their own Balance Sheet but to get other sucker Asian banks to participate and where they could scheme off a huge fee and then walk away! I've seen this numerous times in SG covering SEA and Australia. The Goldmans of the world will do the necessary work then either get local banks to participate or underwrite then sell down to other sucker asian banks while scheming a big fee. All the money less of the risk.

---

Added on August 20, 2012, 9:09 amDude, recruiting talented people in Malaysia is like trying to find a needle in a haystack!
The really good ones are already overseas.
The ones that remain are average at best.
Sure, there are 1 or 2 exceptional ones, but it's mighty difficult to find even with your above average pay package!


This post has been edited by mercury8400: Aug 20 2012, 09:09 AM

Dear TS,

i read whole topic, finding a ppl u want is hard..

good luck.