23 May '11, 12am

(TODAY) The place to be for bankers

SINGAPORE - Singapore will create more jobs in financial services during the next 12 months than any other city, beating London and New York, said recruiter Astbury Marsden, which advises companies in Europe and Asia. A survey of investment bankers showed 37 per cent expect Singapore to add the most jobs, the London-based recruitment firm said in an emailed statement. The survey showed 22 per cent expect London to create the most jobs, just ahead of Shanghai and Hong Kong, while 1 per cent said New York. "Singapore has rapidly established itself as the destination of choice for (London) firms looking to expand their business in Asia," said Mr Mark Cameron, chief operating officer of Astbury Marsden. Singapore's hedge-fund industry grew to S$59 billion at the end of 2009, from about S$10 billion in 2005, according to the Monetary Authority of Singapore, which is both the ce...

Full article: http://www.todayonline.com/Business/EDC110523-0000355/The...

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