A total of five Asian locations are generating jobs in the financial services sector, it has been claimed.

FINS Finance reports that the number of people classified as affluent in Asia is increasing and those seeking finance jobs may be interested in the inclusion of Hong Kong, Singapore, Japan, and Shanghai in the latest Global Financial Centers Index.

It also pointed to Kuala Lumpur as a rapidly growing centre for Islamic banking and finance.

As the region continues to experience economic and banking industry expansion, the news source suggests that "Singapore and Malaysia are hotbeds of growth in consumer banking and wealth management".

The article noted that Citigroup has unveiled plans to appoint 7,500 new employees in China, while Jefferies and Co is expanding its Hong Kong workforce and the Asian hedge fund sector is experiencing rapid expansion.

Compiled by thinktank Z/Yen Group, the biannual index saw Shenzhen, Shanghai, Singapore, Seoul and Beijing named as financial centers that are likely to substantially increase in importance over the coming years.

Posted by Sarah Dixon