Banks in Singapore expand wealth, tech jobs even as Wall Street layoffs gather steam

GLOBAL investment banks may have been laying off dealmakers and cutting bankers’ pay, but banks in Singapore are looking at a rosier situation as more private monies flow their way and they seek to enhance digital capabilities.

Recruiters and bank representatives The Business Times (BT) spoke to said lenders here are hiring across their wealth businesses, corporate and commercial banking divisions, as well as for a gamut of tech-related roles.

Hiring may have slowed for 2022, as is typical for most year-ends, but recruiters said they have received mandates for the next year that include salary packages between 20 and 40 per cent above the norm, as employers jostle for talent.