The Asia Pacific region continues to be a major player in the global asset servicing and fund administration industry, with strong growth and high demand for skilled professionals. Our Asia Pacific salary guide provides a comprehensive overview of the latest salary trends for this industry, including key job roles and markets across the region.

In recent years, we have seen a growing trend towards offshoring to countries such as Malaysia, the Philippines, India, and Mauritius. While this has led to increased efficiency and cost savings for many firms, it has also impacted the job market in the region, with some roles being outsourced to these offshore locations. Nevertheless, there remains a strong demand for talent across the industry, with a particular emphasis on data analytics, technology, and regulatory compliance.

Compensation packages for top talent in the industry continue to be highly competitive, with many firms offering generous benefits and incentives to attract and retain top candidates. Our salary guide provides a comprehensive overview of the latest salary trends for key job roles and markets across the region, as well as insights into other factors that impact compensation, such as education level, years of experience, and professional qualifications.

At Funds Partnership, we are committed to helping our clients stay competitive in this rapidly evolving industry. Our Asia Pacific salary guide is an essential resource for firms looking to attract and retain top talent, and stay up-to-date with the latest industry trends and best practices.

Market Overview

Despite the global pandemic, the Private Equity space showed resilience as we see LPs allocating more capital to private equity funds. Although we believe it will continue to rise and expand, we expect firms to slow down in fundraising as the market deals with raising interest rates and tightening financial market conditions.

In recent years, financial hubs such as Singapore, Hong Kong and China have gained prominence in the global financial markets as global-level and buy-side firms are looking to increase their presence in these regions. 

With this, we see asset management firms and venture capitals expanding their operations in Singapore and a steady trend in hiring for junior and mid-level roles. 

In addition to this, as part of their asset diversification strategy, we have received queries from Asian and non-Asian families as they come over to Singapore to set up family offices or satellite offices to manage their wealth and investments in this region. This increase is partly due to Singapore's strong track record as a financial and wealth management hub and targeted tax incentives. Moreover, having a stable political and regulatory environment gave Singapore an edge over other financial hubs such as Hong Kong, Switzerland and the UK, resulting in a higher demand for investment professionals. 

Another hiring trend we see is in the environmental, social and governance (ESG) area. The Singapore government has launched Singapore’s Green Plan 2030 as part of the nation’s efforts to drive economic growth and create jobs through sustainability. Therefore, asset managers are looking for professionals with expertise in this area to leverage on and focus on pursuing sustainable investments. 

With the demand and shortage of finance professionals, talents have been getting multiple offers, making it a very candidate-driven market. Hiring managers are also facing difficulties in retaining their staff. Therefore, we have compiled this salary guide to help hiring managers remain competitive and retain talents in this tight market.

Salary Guide

Download the PDF version of the Funds Partnership 2023 Buy-side Fund Finance Salary Guide here: Funds Partnership 2023 Salary Guide: Buy-side Fund Finance

To find out more about the Buy-side Fund Finance industry, get in touch with our specialist: