Singapore’s largest lender is significantly expanding its insurance headcount, targeting over 650 new staff by the end of this year including a newly created role made for the post-covid environment.
DBS will look to double the recruitment of financial planning advisors this year and also hire for the newly created «insurance consultants» role, according to a media release.
The «industry-first» role allows flexible working hours and independence with support from financial planning solutions provider Manulife Singapore.
In addition to leveraging DBS resources such as its financial planning platform or broad customer base, the bank will also run «intensive training programs that ensure consultants uphold and adhere to the same stringent consumer protection standards applicable to the bank’s employees».
Workforce Revolution
The bank placed emphasis on the new role’s place in the post-covid era of flexible working conditions.
«With 2020 behind us, we hope to help hasten our nation’s road to recovery by creating new roles that support our local workforce and address the growing preference for work flexibility,» said Brandon Lam, Singapore head of DBS Financial Solutions Management Group,
The bank underlined its personalized financial and retirement planning solution – «DBS NAV Planner» – as a point of interest with 2 million users registered since its introduction in April 2020.
