Singaporeans hold 43% of senior roles in financial sector: MAS chief

Singapore

WHILE Singapore citizens account for 70 per cent of senior management roles in retail banks' local functions, the proportion comes down to about 43 per cent in relation to senior management jobs across the entire sector.

The Monetary Authority of Singapore's (MAS) managing director Ravi Menon disclosed these figures on Wednesday, in response to a letter to The Straits Times' forum on Wednesday. The latter figure, he noted, reflects Singapore's role as an international financial centre. "As our financial sector attracts more regional and global HQ (headquarter) functions, it creates more good jobs and opportunities for Singaporeans.