The Wall St Journal reports that with banks in Asia pushing to control expenses, they face challenges in hiring and keeping star deal makers, particularly those focused on China.
"The onus to try and cut nonperforming bankers from the business is all the greater now, because it's just unsustainable with the way things are, [in terms of] the cost base versus the revenue potential," said Christian Brun, a partner at executive-search firm Wellesley Partners.
One of the most high-profile moves of 2011 in Asia was the hiring by Bank of America Merrill Lynch of Matthew Koder, a star UBS AG deal maker….
Find out more at http://online.wsj.com/article/SB10001424052970203462304577138493983490540.html
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