Maybank Kim Eng lays off 5% of its Singapore workforce
It says it 'cannot ignore' the global market forces that forced staff-strength review
Add BT as a preferred source
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 Friday in an internal memo seen by The Business Times, and are part of a broader review of staff strength that also affected Maybank KE's regional institutional sales and research, and Hong Kong investment banking and advisory businesses.
TRENDING NOW
DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator
Singapore fuel distributor Global Group doubles down on Timor-Leste with US$10 million oil terminal
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
Flight to safety: New citizens and PRs drive Singapore luxury home sales as broader market cools
