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S’pore foreign banks committed to developing local talent

Foreign banks in Singapore have expressed their commitment to developing local talent.

SINGAPORE: Foreign banks in Singapore have expressed their commitment to developing local talent.

Standard Chartered Bank said it has organised focus group sessions with high-potential Singaporean staff to understand what other skills and training they would need to be future leaders.

Gary Tan, head of Financial Markets (Singapore) at Standard Chartered Bank, said: "We started to try and understand what are some of the developmental gaps that they need to address.

“So, some of the feedback that we've been gathering is that they need some training in the softer skills -- be it in having difficult conversations, negotiation skills or dealing with more broader difficult issues."

Meanwhile, Citibank said it wants to provide local talent with opportunities to build a career with them.

Eighty-two per cent of its 10,000 strong workforce here is Singaporean.

Citibank also noted that it is equally important to have some foreign talent with global perspectives, expertise and skills to complement the overall development of Singapore as an international financial hub. 

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