Asian banks face staff retaining issues

“The whole industry is running into a pretty big supply and demand issue, and I don’t think this is going to be alleviated any time soon, ” Mark Leung, JPMorgan Chase & Co’s chief executive officer for China, said in a Bloomberg Television interview.

SINGAPORE: They’ve raised salaries and promised quicker promotions.

But the world’s biggest securities firms and banks are still struggling to retain junior investment bankers in Asia, challenging their expansion plans for a region that’s growing faster than almost anywhere else.