North Americas Loss May Be Asias Gain

Reuters reports that within hours of the sale of Merrill Lynch this past week, the Indian financial firm, Ambit Holdings, had hired five Merrill executives for its institutional equities and equity trading unit. The story also mentions that BNP Paribas and Nomura Securities in India, as well as Hong Kong banks, are all looking to cherry-pick executives let go by Lehman Brothers. The news underscores the need for financial professionals who are looking for jobs in investment banking to broaden their search and consider relocating to regions such as China and India and the Middle East, whose economies are expanding.

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