SocGen Traders Making Temporary Move From Hong Kong to Singapore
- At least a dozen traders will move cities starting in April
- Hong Kong’s Covid policies have left financial hub isolated
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Societe Generale SA is temporarily relocating at least a dozen traders from Hong Kong to Singapore as the Chinese territory’s stringent Covid strategy spurs Wall Street and European firms to move some staff out of Asia’s largest financial hub.
The traders, who work across fixed income and equity derivatives, will be based in the city-state for at least eight weeks, according to people with knowledge of the situation. The moves will begin in April and it’s unclear whether the individuals will eventually stay longer, said one of the people, who declined to be identified as the details are private.