<TABLE id=msgUN cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD id=msgUNsubj vAlign=top>
Coffeeshop Chit Chat - Singapore needs 1,000 wealth managers!</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"></TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">LITTLEREDDOT <NOBR>
</NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Apr-14 9:16 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right>(1 of 7) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4></TD><TD class=wintiny noWrap align=right>11467.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>But that was in 2006. And who is guilty of misleading the young and gullible young graduates into private banking? None other than GIC's top honcho Ng Kok Song. And just two years into their chosen career, where are these 1,000 private bankers now?
---------------------------------------------------------------------------
"Singapore's private banking sector requires up to 1,000 senior wealth managers to keep up with strong demand as the city-state aims to become Asia's wealth management centre, an executive of the government's reserves investment arm said on Thursday.
Some of the world's biggest banks are fighting a fierce battle for bankers serving wealthy private clients from Asia and Europe in Singapore – mainly by poaching individual bankers or whole teams from each other. "The sector needs 500 to 1,000 (wealth managers) to address current needs.
To address future needs you probably need more," Ng Kok Song, managing director at the Government of Singapore Investment Corp., told reporters at a wealth management event.
Swiss banks UBS and Credit Suisse as well as U.S. financial giant Citigroup and global bank HSBC are the leading players in the private banking and wealth management business in Asia."
Source: Singapore needs up to 1,000 private bankers-executive
29 June 2006
</TD></TR><TR><TD></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
---------------------------------------------------------------------------
"Singapore's private banking sector requires up to 1,000 senior wealth managers to keep up with strong demand as the city-state aims to become Asia's wealth management centre, an executive of the government's reserves investment arm said on Thursday.
Some of the world's biggest banks are fighting a fierce battle for bankers serving wealthy private clients from Asia and Europe in Singapore – mainly by poaching individual bankers or whole teams from each other. "The sector needs 500 to 1,000 (wealth managers) to address current needs.
To address future needs you probably need more," Ng Kok Song, managing director at the Government of Singapore Investment Corp., told reporters at a wealth management event.
Swiss banks UBS and Credit Suisse as well as U.S. financial giant Citigroup and global bank HSBC are the leading players in the private banking and wealth management business in Asia."
Source: Singapore needs up to 1,000 private bankers-executive
29 June 2006
</TD></TR><TR><TD></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>