Singapore bank chiefs see opportunities arising from China, geopolitics

THE current global geopolitical situation will enhance Asean as a destination for supply chain financing - an opportunity that banks here should seize, said Wee Ee Cheong, the new chairman of the Association of Banks in Singapore (ABS) on Thursday.

Mr Wee, who is deputy chairman and CEO of UOB, was speaking at a fireside chat on the banking sector as part of a panel on the evening of ABS' annual general meeting. The event was held at the Ritz-Carlton Millenia.

He also listed sustainability, and attracting and retaining talent as key areas on which the financial services sector here should focus.