Market Update Q4 2018
 

Pinpoint Asia
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Specialist IT Recruiters for Asia's Finance, Insurance and Commerce Markets

 

Buy Side / Investment Banking Technology Sector

  1. Most sought after Tech Programming Skill: This has to be Python! Not just scripting skills in Python but proper Python OOD skills. One of the reasons for this trend is a growing understanding and adoption of Devops and SRE (Reliability Engineering) practice by the financial sector in Asia. If there is one tech language one should learn going into 2019, it is probably Python; A close second would be Javascript (on the UI side)
  2. Most popular type of roles: We would say (1) Java Full Stack developers (2) DevOps roles (3) Support roles. So, essentially, Java / Javascript (Angular, React) / Python, Unix and Scripting. These roles have also paid quite well for strong candidates
  3. We have seen a growing trend of senior management tech hires in Asia. As there is a sustained growth in the Asia market, the global financial firms are looking to strengthen their management layer in HK/TKY/SG. As a result, we have seen an increased number of MD and ED level hires in the region.
  4. Salary ranges: We frequently get asked about salary ranges for certain functions. Here is a summary for 2018:
  5. FunctionYrs of Exp Analyst
    0 – 5 years
    Associate
    5 – 10 years
    VP
    10 – 15 years
    ED
    0 – 15+ years
    MD
    15+ years
    Front Office Developer /
    Architect /
    Development Manager
    HKD
    400,000

    600,000
    HKD
    550,000

    1,100,000
    HKD
    1,000,000

    1,700,000
    HKD
    1,600,000

    2,500,000
    MO /
    BO Developer /
    Development Manager
    HKD
    300,000

    500,000
    HKD
    400,000

    900,000
    HKD
    1,000,000

    1,400,000
    HKD
    1,400,000

    2,100,000
    Business Analyst HKD
    300,000

    600,000
    HKD
    500,000

    900,000
    HKD
    1,000,000

    1,400,000
    Project Manager /
    Program Manager
    HKD
    500,000

    1,200,000
    HKD
    1,200,000

    1,700,000
    HKD
    1,500,000

    2,100,000
    PMO /
    Head of PMO
    HKD
    300,000

    450,000
    HKD
    500,000

    1,000,000
    HKD
    1,000,000

    1,500,000
    HKD
    1,500,000

    2,100,000
    Business Manager /
    IT COO
    HKD
    1,000,000

    1,500,000
    HKD
    1,500,000

    2,100,000
    HKD
    2,500,000+
    CIO /
    CTO
    HKD
    1,500,000

    2,100,000
    HKD
    2,500,000+
    Infrastructure Lead /
    Manager /
    Head of Infrastructure
    HKD
    500,000

    1,000,000
    HKD
    1,000,000

    1,500,000
    HKD
    1,500,000

    2,100,000
    HKD
    2,500,000+
    IT Risk /
    Auditing
    HKD
    300,000

    500,000
    HKD
    500,000

    1,000,000
    HKD
    1,000,000

    1,500,000
    HKD
    1,500,000

    1,900,000
    QA /
    QA Manager
    HKD
    250,000

    500,000
    HKD
    500,000

    1,000,000
    HKD
    1,000,000

    1,200,000
    Support /
    Support Lead /
    Head of Support
    HKD
    350,000

    600,000
    HKD
    500,000

    1,000,000
    HKD
    1,000,000

    1,500,000
    HKD
    1,500,000

    2,100,000
    HKD
    2,500,000+

Insurance Sector

  1. Jobs we saw being created and filled were related to transformation across Cloud, Digitalization, Innovation, Architecture and InsurTech.
  2. The Insurance Authority might issue a “Fast Track” License on Sole Digital Distribution for Life Insurance products in Q1 2019. This will further speed up InsurTech development and attract further investment into the industry. Traditional Insurance companies are also transforming themselves to cope with the changes.
  3. The Insurance sector is still attracting candidates from other industries, mainly in the banking field as they are able to provide more aggressive packages and promising projects. We expect this trend to continue in 2019.

General Tech Sector

  1. We saw cryptocurency / block chain firms hiring more tech talent with promises of bigger payoffs in the form of equity but this trend slowed in the second half of the year probably due to uncertainties surrounding regulation of these firms.
  2. There was an increasing demand for Cloud Technologists (AWS / Azure / GWS). Those with a traditional Windows / Unix Server infrastructure support experience would be better off learning Cloud-related technologies to future-proof their skill set.
  3. Virtual Banking is probably going to be the next major banking programme for Traditional Banks and FinTech Unicorns next year. HKMA has already received 29 applications in August this year and is expecting to grant licenses during Q1 2019. We have started receiving hiring requests from clients already for projects related to this and we expect this to continue into next year.

Hope you found this information useful. Please do contact us should you need more information.

We look forward to helping you.

Best,
Vince Natteri,
Managing Director

(on behalf of the Pinpoint Asia Recruitment Team)
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Hong Kong Office
Suite 406, Tower 2, Lippo Centre
89 Queensway, Admiralty, Hong Kong.

Tel: +852 2375 5000
Fax: +852 2375 5060

General info: info@pinpointasia.com
Job seekers: resume@pinpointasia.com

 

 

ABOUT PINPOINT ASIA

We are the leading specialist Investment Banking and Technology Recruitment firm focused exclusively on the Asia-Pacific markets. We believe that by changing people's careers for the better, we change their destinies. We save our clients valuable time by placing the right candidates in both permanent and contract roles.

CONTACT US

Hong Kong Office
Suite 406, Tower 2, Lippo Centre
89 Queensway, Admiralty, Hong Kong.

Tel: +852 2375 5000
Fax: +852 2375 5060

General info:
info@pinpointasia.com
Job seekers:
resume@pinpointasia.com

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