Asian private equity managers must do more to retain key staff or face closure, says Michael Di Cicco of search firm Heidrick & Struggles, citing new research on industry compensation.
Compensation is increasing for Asian equity and fixed income buy-side professionals, with investor inflows to the region forecast to drive salaries nearer to US levels, finds Greenwich.
Projections suggest total compensation in Asia is up 8% in fixed income and 10% in equities this year, rising quicker than in the US, although Asian professionals still earn substantially less than their US counterparts.