Three in four new jobs in Singapore's financial sector go to locals: MAS_sg
"As the sector has grown and strengthened its competitiveness as a global financial centre in Asia, it has created good jobs for locals," said Ms Loh.
But having more global and regional functions in the Republic should also mean more growth, good jobs and opportunities for Singaporeans. This should also allow Singaporeans to tap the international footprint of these global financial institutions to gain overseas exposure, with some taking leadership positions overseas, she said.
"Most do so responsibly, by ensuring that they concurrently build the local talent pipeline in specialist expertise and groom locals into leadership positions, even as they bring in foreigners to plug immediate capability gaps." "The performance of financial services and the sector's employment situation could continue to be creditable under current challenging circumstances, but we cannot be complacent. We must press on with the sector's transformation efforts, in investing in the workforce for the future."
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