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BANK MOVES

CIMB cuts 15 jobs in Singapore a week after 50 elsewhere in Asia

Layoffs here are from the equities segment, largely involving institutional sales and to a lesser extent the research unit

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Mr Song, regional economist of CIMB Securities who has served CIMB Group since 1998, has also been let go, BT understands. But he is assessing his options to join the bank, a separate entity within the group.

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Mr Song, regional economist of CIMB Securities who has served CIMB Group since 1998, has also been let go, BT understands. But he is assessing his options to join the bank, a separate entity within the group.

Singapore

IN a dramatic U-turn from its rapid expansion in Singapore, one of its key markets in the region, CIMB Group Holdings cut 15 jobs here on Monday.

The Business Times understands that the layoffs involved the equities side of the business, largely involving institutional

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