London --> APAC (HK/SG) still doable?

Based on the most helpful WSO content, here’s what you need to know:

1. London to APAC Transition Feasibility:

   • Moving from London to APAC (HK/SG) is still possible, but the landscape has shifted significantly in recent years. Hong Kong has become increasingly China-market-oriented, especially in IPOs and roles tied to Mainland companies. This trend has made it more challenging for non-Mainland candidates to break in, particularly in roles like Asset Management (AM) and Global Markets (SnT/Research).
   • Singapore, on the other hand, remains a viable option, especially for regional roles or those not heavily tied to China. However, the market is smaller, and obtaining an employment pass has become more difficult.

2. Language Skills and Edge:

   • Your fluency in Cantonese, Mandarin, and a SEA language is a significant advantage, especially for roles in Hong Kong and Singapore. In Hong Kong, Mandarin is increasingly essential for China-related roles, while Cantonese can help with local networking. In Singapore, your SEA language skills could be a differentiator for regional roles.

3. Lateral Transfers vs. Direct Applications:

   • Lateral transfers within the same global firm are possible and often easier than applying directly to APAC roles. Firms may prefer to retain talent within the organization rather than lose you to a competitor. However, this depends on the firm's structure and the demand in the APAC region.
   • Direct applications to APAC roles can be challenging, especially in Hong Kong, where competition is fierce, and many candidates come from top-tier universities (Oxbridge, LSE, Ivies, etc.). Singapore might offer slightly better odds, depending on the role.

4. Timeline for Transition:

   • A common timeline for lateral transfers is after 2-3 years of experience in London. This allows you to build a strong foundation and demonstrate your value to the firm before requesting a transfer.
   • Networking in-country is crucial. Plan visits to Hong Kong or Singapore to meet with professionals and headhunters, as on-the-ground connections can significantly improve your chances.

5. University vs. Work Experience:

   • In APAC, especially Hong Kong, your university pedigree still holds weight, particularly for internships and early-career roles. However, as you gain more work experience, your professional track record becomes more important. Singapore tends to place slightly more emphasis on work experience over university prestige.

6. Hong Kong to Singapore Transition:

   • Moving from Hong Kong to Singapore is feasible, especially for regional roles or if you’re looking to pivot away from China-focused work. However, the reverse (Singapore to Hong Kong) might be less common due to the increasing China-market orientation in Hong Kong.

7. Commodities Trading and Other Roles:

   • Commodities trading could be a good fit for Singapore, given its role as a hub for this sector. Hong Kong is less prominent in this area compared to Singapore.

8. Application Strategy:

   • If firms limit applications to one global office/role, consider applying to London first, where you may have a stronger chance, and then plan for a lateral transfer to APAC after gaining experience.
   • Focus on building a strong network in APAC while working in London. This includes connecting with headhunters, attending industry events, and leveraging alumni networks.

In summary, while the transition from London to APAC is more challenging than in the past, it’s still achievable with the right strategy. Your language skills and a well-planned lateral move after gaining experience in London could position you well for roles in Hong Kong or Singapore.

Sources: The future of Hong Kong high finance, The future of Hong Kong high finance, Q&A: 2nd Year Equities L/S HF Analyst in Hong Kong, Q&A: Mega Fund Associate - Asia Pacific Edition, I Need You, WSO + Its Time To Move - Asia Job Search