Deals may be getting pulled and postponed, but investment banks in Asia continue to gear up for what are expected to be better times ahead.
Several banks were caught off guard when the secondary markets started rallying in March last year and many had to meet the massive debt and equity deal flows that followed -- particularly in the second half of the year -- with a manpower still decimated by the downsizing at the height of the financial crisis. Others, notably Barclays Capital and Standard Chartered, have taken the crisis as the starting point for moving into business areas where they weren't previously present.
Consequently, this year has seen a steady stream of hires...
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