21 May '11, 2am

Three reasons to join a Singaporean bank instead of a foreign one

Once upon a time, overseas banks were seen as the Holy Grail for bankers in Singapore. While the foreign firm experience is still pretty sweet, candidates are increasing seeing Singapore’s three banks as a viable career option. The buzz has been overwhelmingly glowing for local banks lately. OCBC topped the inaugural Bloomberg Market’s ranking of the world’s strongest banks, with DBS placing fifth and UOB, sixth. In comparison, only three US banks, Fifth Third Bancorp (7), J.P. Morgan Chase (14), Citigroup (16), made the top 20, reported The Straits Times . The positive publicity was amplified by DBS doing astoundingly well in Q1, with a 52 per cent jump in net profits. The firm also nabbed former J.P. Morgan investment bank veteran Toby O’Connor as the chief executive of its subsidiary Islamic Bank of Asia. Thinking of giving local banks a go? Here are three reasons why y...

Full article: http://news.eFinancialCareers.sg/newsandviews_item/newsIt...

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