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Danos Group is a leading provider of permanent and interim Compliance, Risk and Legal recruitment services in the Financial Services arena across EMEA, the Americas, and APAC.

We pride ourselves on being able to match talent not just to the requirements of the role, but also to the style of the organisation.

Danos Associates is a leading contingency and search firm specialising in mid to senior level permanent hires across the Financial Services sector.  We deliver a personalised, discreet recruitment and selection service to an elite client base across a global market.

The digital age brings huge opportunities to the Risk function. With broad coverage across the disciplines of Risk management, we work with…

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Danos Consulting provides experienced Legal, Risk and Regulatory interim and consultancy professionals to the Financial Services sector including consultancies. With an unparalleled talent network, we provide experienced, first class practitioners cost effectively.

As one of the leading Legal, Risk and Compliance recruitment agencies we deliver top quality professionals to financial services firms. We provide…

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Americas
EMEA
Asia Pacific - Singapore
Asia Pacific - Hong Kong

Offices

Danos Associates is the leading global supplier of compliance professionals with offices in the Americas, Europe and Asia Pacific.

EMEA
London

AMERICAS
New York

ASIA
Hong Kong
Singapore

02 Dec

Danos Associates publish “Hong Kong Salary Benchmark Report 2020”. This report outlines senior salaries for “Traditional Asset Manager” and “Hedge Fund & Private Equity” roles.

It also includes key market insights:

  • Overall Asset Management salaries have not changed substantially during 2020 although we continue to see a growing variation between fixed and variable compensation between firms.
  • Whilst 2020 has not been a bumper year for hiring, there has still been movement at all levels necessitating replacement hires, with activity increasing in the second half of the year and expected to increase further post bonuses in the New Year.
  • Many International Asset Managers have now established or are in the process of establishing a Singapore entity, but this has largely been to aide expansion in the South East Asia region, rather than relocating headcount from Hong Kong.

For your copy of the report, please contact Mark Moorby | Lead Partner, Head of Asia Pacific | Email: markmoorby@danosassociates.com | Tel: +(852) 2870 3007.

02 Oct

Since the outbreak of the Coronavirus earlier this year, we have experienced a surge in remote interviews and with the ongoing need to maintain social distancing, remote interviews are quickly becoming the norm.

At Danos we have been working hard to support our clients and candidates to adapt to this style of interviewing. Scientists have predicted that coronavirus is here for the long haul, so you may need to take practical steps to make sure your interviews run smoothly.

So how do you conduct effective remote interviews? If you are new to remote interviewing or want to improve your process, please read on, as our team share with you some practical tips.

Make the best impression:

  • Dress professionally – even though you may be working from home, dress as if you are going into the office. A jacket and tie may be overkill in some instances, but all video interviews certainly warrant business attire. No T-shirts, hoodies, pajamas! 
  • Be early – make sure you are at your desk and 100% ready to go at least 10 minutes before the interview. This will give you time to settle-in and prepare.
  • It may be tempting to have a lot of notes pulled up on a second screen or below you. Generally, it is smart to have a copy of your resume but try not to have much else. You do not want to be caught looking down or at a second screen for too long.
  • Have a quiet and distraction free interview space – consider the quietest place in your home. A distraction free background is a good way to make an impression. 
  • Eye contact is key in video interviews. Try looking directly at or slightly to the side of the webcam when possible, and especially when addressing the interviewer. Body language is important, and it can be easy to sit there rigidly, but this runs the risk of not seeming engaged. 

Be prepared:


  • Make sure you know the role and understand it to the best of your ability – Particularly show how your experience relates to the role.
  • Ensure you know who you are meeting with and research them – where they are based, what was their career pathway.
  • Best practice is to try a test call/video at least a day before with a colleague, family member, or friend so that you can ensure all issues are ironed out beforehand.
  • Make sure you have good lighting in your room. Do not interview with a window behind you as the light will cast a shadow on your face, making it hard to see. Sit opposite a window to ensure this does not happen. Overhead lighting or desk lighting is recommended as well. If desk lamps are not available, turn the brightness up on your computer screen which will cast good light. 
  • Avoid distractions – Close doors, turn off your phone, tell your household that you are in do-not-disturb mode, and be sure to close all other windows on your web-browser to avoid distractions. Try to be in a quiet, visually neutral location for the duration of the interview.

Have the right technology:


  • Make sure you have the link for the interview, or the call number well in advance.
  • Test internet signal well before the start of the interview to avoid poor connections. Move your modem and router if necessary and if you are in a bigger space, consider investing in Wi-Fi extenders so you are fully covered wherever you plan to take the call.
  • We recommend using headphones during your video/phone interview. This ensures that your voice will be picked up clearly and without interference from your external speaker playback. 
  • Internet speed plays the biggest factor in whether you have a smooth video connection. Most seem to agree that you need at least a 1 Mbps to ensure a good, HD Video connection. You can test your connection by following the link here at https://www.speedtest.net/. Another way to guarantee a smooth connection is by using a wired ethernet connection (if you are using a computer). If a wired connection is not an option, ensure that you are not using any streaming services on your computer or in your household. It is safest to close all programs until after your interview.
  • Have a plan in case the technology fails. Ensure that the interviewer or coordinator of your interviews has your email and cell phone number. If you are in contact with the interviewer or coordinator directly, reach out to them as soon as you have issues to ensure no further delays in your interview. 
  • Most video conference services have an accompanying mobile app for iPhone or Android. Consider downloading and setting these up on your phone just in case, as cellular signal can sometimes be more reliable than Wi-Fi. 

Remote interviews are proving to be an effective employee selection method. Many of these tips are applicable to both interviewee and interviewer. Like all interviews it is important to prepare yourself, the environment, and technology.

If you would like advise on remote interviewing please connect with one of our team members https://www.danosassociates.com/team/ and we will be happy to support you.

Danos Associates Team

09 Sep

Last month the Securities and Futures Commission (SFC) published their latest Asset and Wealth Management Activities Survey. This report presented strong growth in Hong Kong’s asset and wealth management business in 2019, it found that the Assets Under Management (AUM) of the asset and wealth management business in Hong Kong increased by 20% year-on-year, to $28,769 billion (US $3,694 billion) as at 31st December 2019.

Other positive results included:

  • 22% year-on-year value growth in asset management and fund advisory businesses.
  • 19% year-on-year value growth in private banking and private wealth management business.
  • 11% year-on-year value growth in assets held under trusts.

It was also reported that this growth has had a positive impact on the total number of staff in the asset and management business, as at 31st December 2019 it was 45,1327, with an increasing proportion directly engaged in asset management and other support functions, thus representing a 2% overall increase in personnel.

Despite the uncertain and challenging global market situation due to the COVID-19 outbreak and increasing geopolitical tensions between the US and China, Hong Kong’s financial market has remained buoyant so far in 2020.

“The performance of Hong Kong’s financial markets in the first half of 2020 showed that they remain resilient.” – Mr Ashley Alder, the SFC’s Chief Executive Officer.

The SFC has committed to initiatives to facilitate the development of Hong Kong as a competitive full-service asset and wealth management centre and preferred fund home. The success of this is likely to lead to an increase in demand for skilled Compliance and Risk talent.

The last couple of years have seen the introduction of the SFC’s Manager in Charge regime and the Fund Manager’s Code of Conduct, which have driven the need to upskill Compliance and Risk Management talent. As firms build regional trading desks and increasing look to the China market for expansion the need for experienced senior level Corporate Governance professionals in Hong Kong only increases.

It is without doubt that the recruitment market in Hong Kong has suffered a tough 12 months, however, there are encouraging signs that AUM in the region will continue to grow, and the need for Compliance and Risk Management talent by both international and local financial institutions remains key, overall it looks like the future is very positive and recruitment opportunities will increase.

As a leading supplier of Compliance and Risk Management talent to the Hong Kong and global Financial Services market, we are extremely well-placed to find you the best candidates.

Please contact me to discuss any current or upcoming hiring, or to ask any questions about the current market.