More than 40% employees in Citibank SG are foreigners. SGs Hate Banking Jobs?

[makapaaa]

[h=2]More than 40% employees in Citibank SG are foreigners[/h]

June 4th, 2013 |

Author: Editorial

According to a mainstream media report today (4 Jun), of
Citi Singapore’s 10,000 or so employees, nearly 60% are Singaporeans, 25% are
permanent residents, and 15% are foreigners.

Permanent residents are, of course, nothing more than foreigners holding
residency permits, allowing them to stay in Singapore even if they do not have a
job. The advantage for a foreigner with PR status is he doesn’t have to worry
about quitting a job, which gives him the flexibility to change jobs. A
foreigner on, say, an Employment Pass, has to leave Singapore if he no longer
holds a job.

However, Citi Singapore’s new head of human resources Evangeline Chua, 45,
said that these days, the bank is conscious of furthering the national agenda to
build a Singapore core.

“On the one hand, we will never discriminate against one nationality, and we
will pick the best person for the job. But we will ask ourselves the fundamental
question, about whether there is a local talent we can place in the position,”
she said.

Ms Chua, a Singaporean, was appointed as head of human resources in April
this year.

She said that the bank draws on the talent pool from its affiliates around
the world if talent is scarce. Even so, Singapore still stands to benefit.

She said, “This person that we bring in from overseas can develop local
talent, and eventually the local talent can take on those functions.”

She added that progressive steps are taken to develop home-grown talent so
that Singaporeans have the right skill sets to excel in those positions and are
truly the ‘best person for the job’.

The appointment of the new head of human resources, Ms Chua, in Citi
Singapore came after Acting Manpower Minister Tan Chuan-Jin spoke in Parliament
in March 2013.

Mr Tan told Parliament that he and DPM Tharman, who is also the Finance
Minister, met senior members of the financial industry to urge them to develop a
local talent pipeline. Mr Tan said that there had been complaints of foreign
managers preferring to hire their countrymen and his ministry was investigating
the matter.

It remains to be seen if Citi Singapore will eventually increase the
proportion of Singaporeans working there.



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[Leongsam]

Singaporeans don't hate banking jobs. It's just that there are very few sinkies who meet the employment criteria.

 

[StinkiePeasants]

Singaporeans don't hate banking jobs. It's just that there are very few sinkies who meet the employment criteria.

Exactly. One of the unspoken criteria to qualify as a female RM is to be attractive enough in order to persuade their male CitiGold and private banking clients to buy unit trusts, structured products, insurance policies and other types of securities for the bank to generate revenues.

 

[halsey02]

Singaporeans don't hate banking jobs. It's just that there are very few sinkies who meet the employment criteria.

Please do not talk nonsense, I have been in the Banking & Finance Industry for some time & others...so do not talk nonsense.

 

[Troll]

Singaporeans don't hate banking jobs. It's just that there are very few sinkies who meet the employment criteria.

I am with a US Bank, and many of my colleagues are true blue Sinkies, with reservist liabilities to fulfil. Obviously you know nothing!

 

[blackmondy]

Locals can't get these banking jobs because of the criteria "Private banking by day, privates banging by night".

 

[rodent2005]

I am with a US Bank, and many of my colleagues are true blue Sinkies, with reservist liabilities to fulfil. Obviously you know nothing!

You folks believe that he actually knows something? Actually, he is cluessless in most things; he's just talking tough all the time.

 

[winnipegjets]

However, Citi Singapore’s new head of human resources Evangeline Chua, 45,
said that these days, the bank is conscious of furthering the national agenda to
build a Singapore core.

“On the one hand, we will never discriminate against one nationality, and we
will pick the best person for the job. But we will ask ourselves the fundamental
question, about whether there is a local talent we can place in the position,”
she said.

It is pure bs to say that there is NO sinkee that can perform the banking job in citibank to justify the hiring of foreigners.

 

[chootchiew]

I have worked in this bank before. It was 1 of the most fuckup company I ever worked in my life. I was the only sinkie among a team of 20 pax, 3 chink and 16 ah neh

 

[Troll]

I have worked in this bank before. It was 1 of the most fuckup company I ever worked in my life. I was the only sinkie among a team of 20 pax, 3 chink and 16 ah neh

I agree with you. There was a time when the CEO was an ABNN, and the whole bank was practically India. That is why CITI is one of the most FU company anybody has every worked for.

Now that the ABNN CEO is gone, and along with many of his fellow stooges, hopefully things will begin to change.

I am not with CITI, but the environment in CITI is very well known. Hopefully with a Singapore HR in place, things will start to change and they will open up more high value positions to locals.

Of course I am not advocating hire locals at all cost, but rather give us all a fighting chance. This wasn't the case with ABNN management.

 

[Troll]

You folks believe that he actually knows something? Actually, he is cluessless in most things; he's just talking tough all the time.

Dude, you know that and I know that.... unfortunately he doesn't know that and think he is Mr Know-it-all.

After a while it sort of become a misconception that Sinkies are a bunch of useless losers. Even the term Sinkie has been given to us. There are Sinkies who are definitely not sinking, but high flyers who can go places.

For some people who has been sucking white c**k for too long, they may not be aware of this.

 

[THE_CHANSTER]

I work for a foreign investment Bank over here and the staff profile split is as follows:

Front Office: Mixture of Sinkies, Malaysians, Brits, Australians and Kiwis (60%)
Back Office: Indians (exclusively I.T), Sinkies (mainly in Accounting roles) (40%)
Adminstration (such as HR) mostly Sinkies

The profile breakdown of Citi Singapore is probably a fair reflection of most foreign financial institutions here.
There are virtual no Malays in my Bank and of those that are, they mostly work in the mailroom or courier service.

 

[Troll]

I work for a foreign investment Bank over here and the staff profile split is as follows:

Front Office: Mixture of Sinkies, Malaysians, Brits, Australians and Kiwis (60%)
Back Office: Indians (exclusively I.T), Sinkies (mainly in Accounting roles) (40%)
Adminstration (such as HR) mostly Sinkies

The profile breakdown of Citi Singapore is probably a fair reflection of most foreign financial institutions here.
There are virtual no Malays in my Bank and of those that are, they mostly work in the mailroom or courier service.

Quite true. But that doesn't mean that Sinkies cannot make it. Like in Citi, it was 80% ABNN nation (my guesstimate) because of the management.

Also there are some areas - e.g. IT where Sinkies simply never had the chance to be exposed to the skill set. However there are other areas like compliance, administrative and management, legal, marketing and so on, where I believe Sinkies hold their own.

 

[THE_CHANSTER]

Singaporeans don't hate banking jobs. It's just that there are very few sinkies who meet the employment criteria.

Your postings seem rather bizarre. Your recent admiration and pride for the Sinkie Government is only matched by your utter contempt for its citizens.
Are you deliberately trolling your own forum to elicit a desired response?

 

[Sir_Fcuk]

Count $$$$ so boring. Singaporeans rather be construction workers but face stiff competition from the banglas....

 

[lee6100]

I agree with you. There was a time when the CEO was an ABNN, and the whole bank was practically India. That is why CITI is one of the most FU company anybody has every worked for.

Now that the ABNN CEO is gone, and along with many of his fellow stooges, hopefully things will begin to change.

I am not with CITI, but the environment in CITI is very well known. Hopefully with a Singapore HR in place, things will start to change and they will open up more high value positions to locals.

Of course I am not advocating hire locals at all cost, but rather give us all a fighting chance. This wasn't the case with ABNN management.

Years ago, our nickname for this bank is Citi Is Turning Indian.

 

[Leongsam]

Quite true. But that doesn't mean that Sinkies cannot make it. Like in Citi, it was 80% ABNN nation (my guesstimate) because of the management.

Also there are some areas - e.g. IT where Sinkies simply never had the chance to be exposed to the skill set. However there are other areas like compliance, administrative and management, legal, marketing and so on, where I believe Sinkies hold their own.

Sinkies are unproductive, uncreative, lazy and arrogant. That's why they're rapidly being replaced throughout Singapore society and not just at the workplace.

By 2030, they'll be a distinct minority. Once they fall below the critical mass needed to sustain the species, extinction is but a matter of time.

 

[Leongsam]

I am with a US Bank, and many of my colleagues are true blue Sinkies, with reservist liabilities to fulfil. Obviously you know nothing!

That may be the case now but it's just a matter of time before all of you are replaced with smarter foreigners with a superior knowledge of what makes a bank tick.

I suggest you start making plans for redundancy if you have not already done so.

 

[halsey02]

I work for a foreign investment Bank over here and the staff profile split is as follows:

Front Office: Mixture of Sinkies, Malaysians, Brits, Australians and Kiwis (60%)
Back Office: Indians (exclusively I.T), Sinkies (mainly in Accounting roles) (40%)
Adminstration (such as HR) mostly Sinkies

The profile breakdown of Citi Singapore is probably a fair reflection of most foreign financial institutions here.
There are virtual no Malays in my Bank and of those that are, they mostly work in the mailroom or courier service.

I have worked for CITI years ( would not say, how many years) back, at that time, most people were on contract or temporary contract staff, the number of SINgaporeans were small but within the 'secret memo' from M.A.S. ( those in the industry will know this) & few were permanent staff. At that time, there were many Malaysian PR's or Malaysian ( they were cheaper...). This was the time, when they started employing Pinoys by the cartloads & the introduction of ah nehs. Now, if you go to any of Citi support or even offices...a visual count, you would think, you are in INDIA.

I was in an investment/fund manager/off shore Bank/private banker for sometime, the compositions were almost the same as yours, with the absence of ah nehs & Malays, for the courier or mail services were handled by our junior staff & using courier services.

The locals were 3/4 PR's comprising of Malaysian & Indonesian. This was the time, when many of the jobs, at PMET level were being filled by FT's & even the clerical ones, back office etc.. It made you start to wonder, why is our government allowing this?? This was when I started my move away from the industry & be on 'my own' without working for somebody. I saw the signs & did not want to be 'drowned' by a deluge of FT's.

The problem was not SINgaporeans doesn't want the jobs, they were overlooked by the people in hiring, who coincidentally were the FT who took over that department & the encouragement from our government to employ FT's.

I have seen & work with a banking industry here that once, we could boast that we were the training ground for the emerging countries like Malaysia, Indonesia, Thailand, Brunei, Philippines etc.. & somehow due to the mismanaged Labor Policies, became the dumping ground of cheap workers from INDIA, PHILIPPINES, INDONESIA & not to mention, we gave rice bowls to the hordes of Malaysians. In the process, we, the citizen of SINgapore, starve & many have to 'beg'.

This is what we get..thank you 60%...

 

[halsey02]

That may be the case now but it's just a matter of time before all of you are replaced with smarter foreigners with a superior knowledge of what makes a bank tick.

I suggest you start making plans for redundancy if you have not already done so.

I know how a bank tick from the back of my hand...what nonsense are you talking about??