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Maybank Kim Eng lays off 5% of its Singapore workforce

It says it 'cannot ignore' the global market forces that forced staff-strength review

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Maybank Kim Eng, the investment banking and securities broking arm of Malaysia's largest bank, has laid off 5 per cent of its Singapore workforce as stiffer competition prompts a restructuring of its Singapore retail brokerage operations.

Singapore

MAYBANK Kim Eng, the investment banking and securities broking arm of Malaysia's largest bank, has laid off 5 per cent of its Singapore workforce as stiffer competition prompts a restructuring of its Singapore retail brokerage operations.

The job cuts were announced last...

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