Archive for executives
July 9, 2008 at 6:53 pm · Filed under companies, jobs, executives, china, Uncategorized
CB Richard Ellis Group, Inc. , an S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. In 2007, CB Richard Ellis was named one of the 50 “best in class” companies by BusinessWeek, and one of the 100 fastest growing companies by Fortune.
CB Richard Ellis established a presence in Hong Kong in 1978 and has been operating in China since the company was appointed as the leasing consultant in relation to Tower One of the China World Trade Centre in Beijing in 1988. CB Richard Ellis has also had an operation in Taiwan since 1990. Read the rest of this entry »
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July 3, 2008 at 2:05 pm · Filed under jobs, executives, china, recruitment
China will start a new round of talent recruitment globally to find 16 senior managers and chief accountants for its elite State enterprises.
The State-owned Assets Supervision and Administration Commission (SASAC), which represents the State in more than 150 major State enterprises, will announce its recruitment plan next Tuesday.
The commission will look for three general managers, 10 deputy heads and three chief accountants for 16 major enterprises in a variety of sectors, such as power generation, electronics, chemical and trade. Some firms, such as Baoshan Iron and Steel Co, and FAW, China’s top automaker, are among the world’s top 500 enterprises. Read the rest of this entry »
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July 2, 2008 at 5:33 pm · Filed under talent, executives, china, recruitment
The nation faces a critical shortage of top managers, a situation that could threaten its economic boom.
Chief executive Li Hsu had a problem. The head of Fiberxon, a California manufacturer of components for communications networks, spent three months searching for a vice president of his main operations, which are in China. He finally landed one–who left three months later for a better offer. For another top job, Hsu poached a candidate from one of his vendors in Taiwan. In China, he says, it’s easy to find weak recruits, but topnotch talent? That’s tough–very tough.
China faces a critical shortage: experienced, highly skilled managers. The numbers are astounding. The country has some 25,000 state companies, 4.3 million private firms and massive industrial overcapacity. But it has too few experienced managers for even the elite firms. Read the rest of this entry »
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June 27, 2008 at 10:54 am · Filed under banking, jobs, executives, hong kong, china
Asia’s expanding hedge fund industry will probably create tens of thousands of jobs in the next five years, even as investment bank recruitment dries up after the U.S. subprime mortgage market collapse, said Sheridan Mather, a managing director of recruitment firm Pinnacle International Ltd.
“We’re seeing some streamlining at the moment. We’re seeing some of the not so well-performing funds closing down,” London- based Mather said in an interview with Bloomberg TV today. “But we’re seeing massive growth of the established guys.”
The world’s biggest banks and securities firms cut 83,000 jobs in the 10 months to May as U.S. subprime mortgage delinquencies seized up the global credit market, according to data compiled by Bloomberg. Citadel Investment Group LLC and CQS (U.K.) LLP are among hedge fund managers that have used the opportunity to hire staff from investment banks to accelerate Asian expansion. Read the rest of this entry »
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May 22, 2008 at 3:05 pm · Filed under banking, executives, hong kong
As leveraged finance transactions slow to a trickle, bankers Peter Szekely and Ponty Singh are let go as part of a global drive to cut costs
Morgan Stanley has let go of two of its leveraged finance bankers in Asia as part of a global round of job cuts that will reduce the bank’s headcount by 5%.
A Hong Kong-based spokesman confirmed that the two bankers are Peter Szekely, a product specialist within the leveraged finance and acquisition business in Asia, and Ponty Singh, who worked on the client coverage side with a focus on leveraged finance origination and high-yield bonds in Southeast Asia and India. Both bankers were promoted to managing directors in December last year.
The US investment bank said a couple of weeks ago that it would initiate another round of job cuts in the wake of subprime-related losses that forced the bank to write off a combined $9.4 billion in October and November last year (resulting in a fourth quarter loss of $3.6 billion) and seek a $5 billion equity investment from China Investment Corporation. The latest round of layoffs will affect 5% of the bank’s staff, which totals about 47,000 people globally, the bank told reporters in the US. Read the rest of this entry »
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May 19, 2008 at 4:36 pm · Filed under jobs, executives, china, recruitment
Angie Eagan admits she is good at solving problems, and as the general manager with the headhunting firm Hudson Shanghai she is helping multinational companies in China find the talent they need - a task that she also admits isn’t always easy.
Hudson is a worldwide provider of permanent recruitment, contract professionals and talent management solutions worldwide.
With more multinational companies establishing and expanding their presence and more Chinese companies emerging, finding the right people to fill the right positions, especially at the leadership positions, is a challenge for any firm, according to Eagan, who has 20 years of experience in the field and has worked for 12 years in China. Read the rest of this entry »
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May 6, 2008 at 5:41 pm · Filed under executives, hong kong, expats, recruitment
Hong Kong, May 06 (Korea Newswire)– If finding the right employees isn’t challenging enough, companies in the developed world are about to face a new challenge - recruiters from emerging markets. A survey by the Economist Intelligence Unit, sponsored by SAP AG, found that when talent isn’t available locally, companies in emerging markets will look to western Europe and North America to fill their vacancies.
This is particularly onerous as ageing populations and declining birth rates in much of the developed world are beginning to cause a talent crunch. In some countries, such as Japan, the problem is particularly acute. Three-quarters of Japanese executives view the ageing population as the primary factor in the talent gap their firms are facing. Read the rest of this entry »
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