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Top bankers 'leaving US for Asia'

Published 05/22/08 Economy In Crisis - Print Article
E-mail - editor@economyincisis.org

U.S. investment bankers are going to where the wealth is: Asia...

The number of high-flying investment bankers moving from the US to Asia is set to increase, experts have said, as a result of the credit crunch.

...

"Investment bankers follow the money," said Scott Moeller, a Professor at the Cass Business School and former executive with Deutsche Bank and Morgan Stanley.

"With sovereign wealth funds having a lot of money, with Asia having escaped the worst of the credit crunch and with the crunch having hit the US and Europe the hardest, it is not surprising at all.

"Once you get critical mass in a location, it begins to snowball and that is what is happening in Asia."

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