Hong Kong Finance Jobs Rebound to Record After Talent Drain

Hong Kong is recovering after a bruising talent drain, with licensed finance jobs hitting a record as banks and asset managers bet on the city’s push to become the world’s biggest wealth management hub.

Over the past four months, the city saw a net increase of about 830 licensed financial professionals, driving the number to almost 42,000 in October. That’s the most since the registration system started in 2003, records collected and analyzed by Bloomberg News showed. Chinese broker Citic Securities Co. and Millennium Management, Izzy Englander’s $70 billion hedge fund firm, were among those adding the most licensees.