UBS continues to accelerate growth in Asia, despite an economically troubling coronavirus pandemic, with plans to add 300 new jobs in Singapore.
Asia’s largest wealth manager will boost its existing 3,000-strong headcount in the city-state by 10 percent over the next 18 months, according to a «Business Times» report.
The bank is also reportedly tapping into Singapore’s «Job Support Scheme» – a government-backed program that provides wage subsidies to retain employees in light of the ongoing pandemic.
«Financial Workforce of the Future»
UBS’s new hiring drive will target both local graduates as well as mid-career individuals to develop «sustainable skills» through a program called «Singapore UBS Program for Employability and Resilience» (SUPER). The program aims both to create a pipeline of financial talent for Singapore and also support prospective workers in a difficult job market.
«[The program is] a promise to upskill our own people to give them the capabilities they will need in the future», said August Hatecke, UBS Singapore country head and APAC co-head of wealth management.
«The vision is to create the financial workforce of the future,» added Edmund Koh, president of UBS Asia Pacific. «UBS has the knowledge and experience to make this happen and in partnership with the Job Support Scheme, we are confident we can make a difference.»
