As if you haven't heard this enough, Asia is the place to be in finance.
The latest firm to join the Asia herd is Carlyle, which sees boundless possibilities in private equity in the region. In an interview with The Wall Street Journal, the firm's co-head of Carlyle Asia Partners, X.D. Yang, talked about his 200-strong private-equity team.
The key to success, Yang said, is having Chinese people doing deals in China, Australians doing business in Australia and Indians doing transactions in India. "In each country, our team is natives of that country," Yang told the Journal. New hires must be able to work well with others and prima donnas aren't wanted. "We genuinely try to find people from a personality perspective that can work well with each other," Yang said.
So there's a formula: in private equity in Asia, become local and be nice to your teammates.
As if Jon Corzine didn't have enough problems, his employees are suing him and other directors over the decline in value of their stock compensation.
Falling Revenue (Financial News)
Go-go markets such as Latin America, the Middle East and Africa have seen falling investment banking revenue so far this year. Big surprise: Asia's investment banking revenue fell the most, by 17.3%.
Occupy Wall Street (New York Post)
Protester Tracy Postert spent a couple weeks in Zuccotti Park only to get offered a job by John Thomas Financial Brokerage. Just goes to show that the 99% can join the 1% if they protest long enough.
Surprise! A new study confirms that working women multitask far more than men.
Credit Suisse said it plans to split in two its private-banking unit for Europe, the Middle East and Africa. A global crackdown on tax havens is behind the move.
Fortysomethings (Financial News)
The somewhat young are still raking it in on Wall Street, despite a crummy year. Financial News names its 40 under 40 stars in investment bankers.
Buzz Around the Office
Kindergarten Punk Rock (YouTube)
There's nothing more endearing than a room full of toddlers singing the Ramones.
List of the Day: Top Jobs for Travel Lovers
If you're feeling a bit grounded in your current career path, consider some of these travel-heavy jobs:
1. Wine Importer
2. Foreign Tour Leader
3. Humanitarian Aid Worker
(Source: AOL Jobs)
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