In response to the unprecedented shift of global growth from West to East, a large number of Western multinationals are globalising their Asian operations and restructuring formerly centralised control to reflect, and capitalise on, Asia’s economic leadership. Some companies are restructuring along functional or business unit models and moving these global operations from a centralised headquarters to Asia. Others are relocating APAC regional headquarters from old favourites like Singapore or Hong Kong to places such as Mainland China or India. Both models rely on the availability of Asian talent who can lead in global roles. The ability to develop and retain Asian leadership talent is, therefore, mission critical. It is also a major challenge that many companies are struggling to address.
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