Investment banks are hiring again in Asia, taking on more junior staff as they hope that a wave of new bond and equity raising deals in January signal a turnround ahead after three years of declining activity and fees.
Excluding Japan, Asia’s primary capital markets have seen a record start to the year. US-dollar bonds, offshore renminbi – or “dim sum”– bonds, and initial public offerings have all seen their busiest ever start to the year, according to data from Dealogic. Markets in other parts of the world have also seen a hectic start to the year.
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