Hall added: “For now this trend is likely to continue because Singapore
remains very attractive to many foreign professionals, particularly those
from Europe where the unemployment rate has just reached a record high of 12
per cent. Singapore has also built a reputation amongst many people as a
city that offers a good quality of life, a favourable tax regime as well as
a range of interesting career opportunities.”
While European and US banks have been scaling back their headcounts in the
region, Asian banks have been more proactive in the recruitment drives.This
has sprung up opportunities for banking professionals outside their comfort
zones. Singapore-based DBS is Southeast Asia’s biggest bank.
Sonia Fuller, director at headhunter KS
Consulting, said: “There are also plenty of opportunities in
risk-based roles such as regulation and compliance but it helps if you
already have some Asian experience.”
Singapore is diversifying into biotechnology, water technology, environmental
and energy science. As the government continues to provide incentives for
growth in these sectors, there is likely to be demand for foreign talent
with this expertise.
Singapore and the rise of the opportunistic expat
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