22 Mar '11, 2pm

More S'pore-based finance professionals looking for new jobs

SINGAPORE: Bank bonuses may be on the rise but so is the number of employees in Singapore's financial sector looking to move. A recent survey by the global career site, eFinancial careers, reveals that while 53 per cent of financial sector employees in Singapore received higher annual bonuses, 55 per cent were less than satisfied with the increase. As a result, more than three out of five finance professionals here, some 62 per cent, are looking for new positions in 2011. And that may be a blow to an industry that is already experiencing significant talent shortages as companies look to expand. Big global players, such as UBS, are looking to scale up operations in Singapore. "We continue to hire strategically in accordance with the growth needs of the business. In the medium term, we expect to grow the number of client advisors in Asia Pacific from 900 to 1,200, in line wi...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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