Haitong International keen to hire retrenched HK bankers, analysts

Hong Kong

IT'S not all doom and gloom for people who lost their jobs at financial firms in Hong Kong this year. Haitong International Securities Group, a unit of China's second-biggest brokerage by market value, is talking to workers in the city who were dismissed by global banks including Standard Chartered Plc.

"Those who have been fired by foreign firms recently are the people that I need for different business lines," Lin Yong, deputy chairman and chief executive officer of Haitong International, said in an interview on Thursday in Hong Kong. "We could take 100 people if they're the best, but we may not increase our headcount if none of them is suitable for us."