And The Best Place To Find A New Job Is.......

Hong Kong

Apparently Hong Kong.

MarketWatch reports that firms are back pushing the hiring boat out over there, as they position themselves to increase their revenues from Asia, and particularly China.

The website quotes Mathew Bennett, Managing Director at Robert Walters Hong Kong office, who said: 'There's no one not hiring'. The demand for staff there is also thought to be high, as it appears that firms may have cut headcount too deeply as a result of the financial crisis. Recruiters also say that, for the first time in 18 months or so, some firms are relocating staff from other offices to fill open positions in Hong Kong.

But, despite the demand for staff, firms in Hong Kong are not rushing to make hiring decisions - the average time to hire is apparently around 10 weeks.

In the meantime, Dow Jones Newswires reports that Royal Bank of Scotland's US Global Banking & Markets unit has increased headcount by around 4% over the last year, and plans to continue to bring on new talent in 2010. Globally, the business saw a 10% reduction in staff last year, after layoffs resulting from the ABN AMRO merger, and staff defections over compensation concerns.

The news agency also reports that Citi Private Bank is seeking to effectively double headcount in North America over time, as it targets more clients with over $25m in liquid funds to invest. The unit currently has 130 staff.

Finally, Bloomberg reports that Macquarie is on the look-out for a 'once-in-a-generation' push into the US, even though the Australian banking group has bagged five US acquisitions in the last year. Tim Bishop, CEO of Macquarie Capital's US business, has confirmed that the bank will look to 'build on that sensibly through hires or acquisitions'.

The bank, which started in 1969 with just three employees, now has over 12,000 on the payroll.

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

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