Why a front office Singaporean core is important

Why a front office Singaporean core is important

At a recent discussion, Deputy Prime Minister Tharman Shanmugaratnam reiterated the importance of banks in Singapore, particularly the foreign ones, to develop a “Singaporean core”. Besides having Singaporeans adequately represented in these banks, “it is also important that they take on a good spread of positions, including the best jobs in front office for treasury and trading”. We only need to look at what’s happening in cities like London to know why this last bit about taking up “the best jobs in front office for treasury and trading” is so important. This is not simply about appeasing Singaporeans with fancy…