Net increase of 7,800 jobs in financial industry in last 2 years: MAS

Singapore

THE number of net jobs created for Singapore's financial industry is set to exceed the 4,000 target per annum by year end - and the nation is just halfway through its efforts to transform its financial industry.

There was a net increase of 7,800 jobs in financial services and FinTech over 2016 and 2017, close to the target of 8,000 set under the five-year Industry Transformation Map (ITM) for the financial services sector, noted Ravi Menon, Monetary Authority of Singapore managing director on Wednesday. He was speaking at MAS' annual report media briefing.