Hong Kong headhunters say they are getting more and more resumes from Europe and the US. The bad news is that there are very few openings for bankers who have no prior experience in Asia. This does not mean there are no opportunities in the region. On the contrary, regional banks and corporations are taking advantage of the downturn to reverse the brain drain and scoop up talent that they would have found difficult to attract during the good times. There are still banking jobs in Asia, but primarily for its native talent that are willing to come home.
Praveen Malhotra, the founder of Positive Moves, an India-based headhunting firm, says that he has...