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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

Anita Gabriel

Anita Gabriel

Published Mon, Mar 2, 2015 · 09:50 PM
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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 sales and to a lesser extent the research unit.

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