Standard Chartered, the British lender, plans to hire 2,000 staff for its Singapore office. The hiring will take place through the end of 2012.
The bank just moved to a new office in Singapore. It added 7,000 employees globally to its roster of more than 80,000 last year and will continue to hire in 2011.
The bank announced previously that it would add 4,000 staff in the region by 2013, signaling its commitment to the region. It's unclear whether the 2,000 number is part of that plan.
The firm has seen enormous growth in its Asia-Pacific operations and also announced plans to hire relationship managers, more than half of them to be based in China. It has also announced plans to increase the number of staff in its cash equities business in India, South Korea and Indonesia. The bank doubled the staff in its cash equities business to almost 200 people in 2010, and wants to increase that number by high double digits in 2011
Source: Reuters
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