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iFast to expand workforce as Q2 net profit soars 84.7%

Published Thu, Jul 23, 2020 · 09:50 PM

Singapore

WEALTH management and brokerage platform iFast Corporation is growing its staff size in anticipation of a digital banking licence.

The company, which reported sparkling results on Thursday, said it could afford to create more jobs as trading on its platform rises.

Higher trading, however, also meant higher commissions and costs - eating into its gross margins.

"The best thing to do for a company that's doing well and gets (money from the government's J…

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