Singapore Unveils Plan to Create 4,000 Finance Sector Jobs
- Aims to offset bank jobs lost due to financial technology
- Plans to develop wealth management, foreign-exchange trading
Employees inside the social hub at DBS Bank's headquarters.
Photographer: Munshi Ahmed/BloombergThis article is for subscribers only.
Singapore wants to bolster its status as a wealth management and foreign-exchange center as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology.
In a plan unveiled Monday, the Monetary Authority of Singapore said it aims to create 4,000 net new jobs in financial services and financial technology, and achieve real growth in the sector of 4.3 percent annually, faster than the overall economy.