Archive for the ‘asset management’ Category

Brain drain, talent mismatch hold Taiwan back

March 16, 2008
By Lee Chyen Yee

TAIPEI (Reuters) – When Bernard Liu was looking for people to join his team of equity researchers at JPMorgan in Taiwan last year, he found a labor market rich in engineers but lacking in people qualified for the service sector.

Below: Taipei, Taiwan (臺北市)

In the end, it took him a whole year to fill the three posts.

“It’s typically a much more mixed skillset and unfortunately on some of the critical skills, candidates sometimes are lacking,” said Liu, whose company employs about 550 staff in Taiwan working in investment banking, securities and asset management. “It’s actually quite a handicap for Taiwan in the integration in the global economy.”

Managers like Liu are feeling the effects of a brain drain of talent from Taiwan to more global economies like the United States, Hong Kong and China.

Multinational companies also complain that candidates have weak English skills, a lack of talent in management and insufficient expertise in high-level research.

These deficiencies are hampering Taiwan as it tries to transform itself from a manufacturing economy into one that offers more sophisticated financial, legal and other business services.

“Some Taiwanese lawyers we know prefer to work in Hong Kong or China nowadays because the markets are hot,” said Jack Huang, partner-in-chief in Taipei of global law firm Jones Day.

For decades, Taiwan has profited from contract manufacturing, making electronic products for brands such as Dell and Texas Instruments. But, as a growing China takes on some of that manufacturing, Taiwan could be left behind.

Read the rest:
http://news.yahoo.com/s/nm/20080316/bs_nm/
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Taiwan: “Braindrain” To China Threat To Prosperity

January 6, 2008

By Hsin-hsin Yang
January 6, 2008
 

TAIPEI (AFP) – Taiwan‘s place at the top of the industrial food chain is being threatened by a braindrain as professionals head to China for better career prospects amid political turmoil and economic slowdown at home.

Taiwanese businessmen have invested in tens of thousands of Chinese factories that provide white-collar jobs such as accounting, management, production planning and quality control to their compatriots.

Expanding demand in expertise in other fields….

Read the rest:
http://news.yahoo.com/s/afp/20080106/bs_afp/
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