27 Sep '11, 9pm

It's also about local talent

"Attracting people to come to Singapore is not an issue - the real issue is that you can't attract everybody," said Mr Akbar Shah, the head of Citigroup's Mega Wealth Business in the Asia-Pacific. There are several oft-touted reasons why the Republic is one of the world's top wealth management centres - its efficient infrastructure, attractive living environment and transparent system. Besides these, Mr Shah says, the availability of a talent pool - not just an imported but also a local one - plays a vital role in the industry's growth. "In today's environment, given the regulatory environment and the transparency and governance requirements, you don't just need an experienced front office. You also need a similarly competent middle office and back office. "That can only come through building up and properly training a workforce that is indigenous to the country. You can't...

Full article: http://www.todayonline.com/Singapore/EDC110928-0000371/It...

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