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December 20, 2021updated 19 Jan 2022 5:16am

Asia-Pacific is seeing a hiring boom in private banking industry cloud roles

By Emil Filipov

Asia-Pacific was the fastest growing region for cloud hiring among private banking industry companies in the three months ending October.

The number of roles in Asia-Pacific made up 38.6 per cent of total cloud jobs – up from 33.1 per cent in the same quarter last year.

That was followed by Middle East & Africa, which saw a -0.2 year-on-year percentage point change in cloud roles.

The figures are compiled by GlobalData, who track the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData's thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.

These key themes, which include cloud, are chosen to cover "any issue that keeps a CEO awake at night".

By tracking them across job advertisements it allows us to see which companies are leading the way on specific issues and which are dragging their heels - and importantly where the market is expanding and contracting.

Which countries are seeing the most growth for cloud roles in the private banking industry?

The fastest growing country was China, which saw 0.9 per cent of all cloud job adverts in the three months ending October last year, increasing to 3.7 per cent in the three months ending October this year.

That was followed by India (up 1.7 percentage points), Australia (up 1.2), and Singapore (up -0.2).

The top country for cloud roles in the private banking industry is the United States which saw 38.5 per cent of all roles in the three months ending October.

Which cities are the biggest hubs for cloud workers in the private banking industry?

Some 8.7 per cent of all private banking industry cloud roles were advertised in Hyderabad (India) in the three months ending October - more than any other city.

That was followed by Pune (India) with 8.7 per cent, Bengaluru (India) with 4.2 per cent, and Charlotte (United States) with 3.9 per cent.

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