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Latest developments in the Singapore financial sector
Asia is now in an exciting phase of growth with many of its economies (excluding Japan) experiencing an average growth rate of 6.3% per annum. Singapore is in the heart of this growth. Today, it is a thriving financial centre of international repute, serving its domestic economy, the wider Asia Pacific region, and the world.
Our economy is expected to expand by 6.5-7.5% in 2006 and the financial services sector is an important engine. There is no better time to return to Singapore and participate in the next phase of growth. Find out more about the current developments in the industry at the Industry Updates page.
Exciting opportunities
With many of the world's largest and most reputable financial institutions operating in Singapore to leverage its strategic location as a gateway to the booming Asian market, new and exciting job opportunities abound.
A plethora of challenging and rewarding career opportunities await financial talents both here and overseas. Some of the roles in demand in the various areas of growth are tabled below to give you some idea of the buzz in the industry. Find out more about these and other opportunities available at our Gateway to Opportunities page.
| Key growth areas |
Roles in demand |
Opportunities available |
| Private Banking |
Relationship Mgrs
Trust Professionals
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| Asset Management |
Portfolio Mgrs
Product Development Professionals
Sales & Marketing Professionals
Research Analysts
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| Middle/ Back office |
Risk Mgrs & Controller
Product Controller
Operations
Legal / Compliance
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| Insurance |
Claims & Underwriting Professionals.
Actuaries and Insurance Brokers
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Training programmes and FICS Certification to prepare you for the challenge
Singapore's robust training infrastructure comprise a comprehensive network of renowned training providers in the field of financial education to equip our financial professionals with the skills they need to meet the challenges of this fast growing sector.
To raise the quality of Singapore's financial sector workforce, the Institute of Banking and Finance introduced the FICS - a comprehensive quality assurance framework with a certification and accreditation system that aims at raising the quality of our financial workforce and training providers.
Tertiary institutions here such as the National University of Singapore, Nanyang Technological University and Singapore Management University offer excellent postgraduate programmes such as Singapore Management University's MSc in Wealth Management and many have leveraged the expertise of reputable organizations and leading universities such as Swiss Finance Institute and University of California, Berkeley. Other leading training providers such as FTC Kaplan and FT Knowledge are also established in Singapore to meet the demand for high end quality executive education. Go to our Maximise Your Potential page now to find out more about the avenues where you can enhance your skill sets in the areas of demand.
Moving back to the Asian city of choice to live, work and play
Singapore's arts, cultural and entertainment scene have developed tremendously over the last decade. Coupled with world-class healthcare and education system, and top-notch housing facilities amidst a clean and green environment, Singapore has consistently been regarded as the best city to live in Asia in several global surveys. Check out the latest developments in our unique city at www.visitsingapore.com
You may also find the following links useful for information you might require as you consider returning to Singapore
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Contact Singapore page
[Contains resources for relocation tips, visa matters, customs, accommodation, banking, communication, getting around, schooling, pets, healthcare, career opportunities for you and your spouse, citizenship, etc]
http://www.contactsingapore.com.sg/home/index.php/eng/moving_to_singapore
For tax matters
http://www.contactsingapore.com.sg/home/index.php/eng/working_in_singapore__1/employment_packages/taxation
[Countries Singapore has tax treaties with - to avoid double taxation on the individual]
http://www.iras.gov.sg/ESVPortal/tax_resources/treaties/index.asp
Tax for non-residents
http://www.iras.gov.sg/ESVPortal/iit/iit-se-a1.1.16%2Btax%2Brates%2Bfor%2Bnon-resident%2Bindividuals.asp
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For information on the education system for your children
http://www.moe.gov.sg/corporate/education_system.htm
http://www.moe.gov.sg/esp/foreign/
International schools for children of expatriates
http://www.contactsingapore.com.sg/home/index.php/eng/moving_to_singapore/schooling
Student pass application procedure for expatriate children
http://app.ica.gov.sg/serv_visitor/student_pass/student_pass_app.asp
Network of Overseas Singaporeans
http://www.overseassingaporean.sg/
Contact information for Contact Singapore's overseas offices
http://www.contactsingapore.com.sg/home/index.php/eng/about_us/our_teams
Overseas Missions' contact information
http://notesapp.internet.gov.sg/mfa/dipCon/dipCon.nsf/SMagent
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