HK
Company: Bank of Singapore
Daily Dispatches: Top J.P. Morgan banker quits; Tata Capital eyes Singapore for its private banking operations
J.P. Morgan’s regional head of Asia, Gaby Abdelnour, resigns after six years to enjoy life and rethink his career options. The firm is looking at internal candidates to fill his shoes. (Financial Times) Tata Capital plans on opening a private banking franchise in Singapore within the next two years. (TODAY) Singapore’s financial advisory sector is [...]
Julius Baer-Macquarie marriage means more private banking hiring
Last week, Julius Baer announced it will take over Macquarie’s US$1bn private wealth business in Asia. In exchange, the Swiss bank will refer its clients to Macquarie for their investment banking needs. Julius Baer will take on seven relationship managers from the Australian firm as a result of this new alliance, according to the Financial [...]
Three more terrific jobs for the new year
Here are some more sought-after job sectors, to follow up on last week’s report. Relationship managers, private banking As the status of Singapore as South East Asia’s key financial centre ever increases, so too does the demand for private wealth management services in the city state, says Nick Poole, executive director, Tiglon Partners Asia. There [...]
The hiring war is now on two fronts as private banks target European talent
Frantic poaching of Asia-based private bankers has already been heating up the hiring market this year in Singapore, but now firms are also trying to attract relationship managers from Europe to work in the city state and serve European clients. UBS, Credit Suisse, Clariden Leu, Julius Baer, RBS Coutts, and Bank of Singapore – which [...]
Defection, retention, recruitment: Bank of Singapore is rather busy
The integration of risk-taking ING and ultra-conservative OCBC to form Bank of Singapore never looked liked being straightforward. And so it’s proving: OCBC bankers are storming out, upset with the ING-dominated management; BOS is desperately trying to stop more departures; and it’s also planning to recruit more relationship managers. A team of about 10 OCBC [...]
Editor’s Take: why you should now seriously consider a Singaporean bank
Top flight i-bankers aside, most candidates would be ill advised to ignore the Singaporean banks in their job search. Don’t assume that DBS, UOB and OCBC will always be outclassed in the employment market now that US and European firms are talking of talent wars once again. Recruiters tell me that in certain functions, Singapore’s [...]
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