Banks and insurers need to be proactive in cultivating specialists in AI, green finance, and Southeast Asian and Middle East markets
All these fields are potentially lucrative, but there might not be enough talent to meet demand in the next five years. That is according to a survey of 147 local banks led by the Hong Kong Monetary Authority.
The study warns banks against using high pay to poach one another’s staff as that would cause a vicious fight for talent without addressing the underlying shortage. Rather, there is an urgent need to train and promote local staff to fill the gap.
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