Out-of-work MDs consider more junior roles

Recruitment agencies in Asia say they are getting CVs from former managing directors applying for lowly positions as vice presidents.

Out-of-work MDs consider more junior roles
Desperate for work, bankers are taking a step down the corporate ladder

Advertise for a VP or SVP role and you expect applications from investment bankers who are working their way up the career ladder. But that’s not always the case these days headhunters in Asia say they are receiving a handful of CVs from MDs who are applying for more junior positions.

Large investment banks have cut senior staff in Asia, and a poor recruitment market has left many of them out of work for months....

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