China Share - Top China share traders are set to enjoy the spoils from year-end payouts, while their Asia fixed income counterparts and dealmakers will miss out despite a record year for mergers in the region, headhunters and senior bankers said.
Banks, including UBS and HSBC, saw a boom year in Asia stock trading, sources at those firms and recruiters said, thanks to a China buying frenzy in the first half of 2015 that pushed the Shanghai Shenzhen CSI 300 index up 47 per cent from January to June .
Big payouts for China stock traders highlight the increasing divergence of bankers' variable pay, as global firms distribute a bonus pool shrunk by fines and weaker revenues among a smaller number of standout performers each year.
Overall, bonuses in the equities investment banking business are expected to be broadly flat this year compared to 2014, as banks take a conservative position amid a gloomy outlook for 2016 due to the China downturn and regulatory costs.
Some Hong Kong-based China stock trading stars, however, can expect to receive 100 per cent bonuses, meaning a top-performing director on an annual base salary of $350,000 could earn as much again in annual bonus.
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