UBS To Hire More Than 300 In Singapore
- UBS aims to hire more than 300 national graduates and mid-career individuals over the next 18 months to develop skills for the Singapore financial services industry.
UBS announced that it is creating a new Singapore UBS Program for Employability and Resilience (SUPER).
SUPER is a learning platform to help graduates and mid-career individuals develop sustainable skills that will equip them for the workforce of the future in the Financial sector.“The vision is to create the financial workforce of the future,” said Edmund KOH, UBS President Asia Pacific. “UBS is partnering with the Singapore government’s Job Support Scheme to develop this innovative program that will tap into UBS’s preeminent position in financial learning to create 300 new jobs in the industry. 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.”
The SUPER program will not only create a pipeline of financial talent for the future of Singapore, but also help job-seekers navigate a challenging job market over the next 18 months.
COVID-19 has accelerated the pace of change we’re seeing in the traditional ways of working. UBS is pleased to develop this new platform which will significantly change the way our workforce learns, helping our people adapt to the new world. It will also provide training and job opportunities for fresh graduates and mid-career professionals, to equip them with skills and experiences that would be valuable as we move into the recovery phase following the pandemic. These initiatives complement national efforts and are aligned with the workforce development priorities of the Monetary Authority of Singapore.
“We are delighted to support UBS in their initiative to help jobseekers. Covid-19 has transformed the workplace and finance professionals will have to adapt to a new normal, where deployment of digital technology and automation are even more prevalent. IBF has been working with our industry partners in pushing this initiative. As a major financial institution, UBS is well-placed to help finance professionals acquire essential skills and experience to be future-ready.” said NG Nam Sin, Chief Executive Officer, Institute of Banking and Finance Singapore.
UBS, which employs almost 3,000 people in Singapore, celebrates its 50 years in Singapore this year and is committed to helping the city emerge stronger as a financial centre in the post-COVID-19 environment. The new SUPER learning platform will help future-proof the workforce and prioritize the on-going employability of Singapore citizens, while increasing the resilience of the banking infrastructure.
“We’ll be taking on an additional 10 percent of our existing workforce in Singapore,” said August HATECKE, UBS Singapore Country Head and Co-Head of Wealth Management Asia Pacific. “SUPER is also a promise to upskill our own people to give them the capabilities they will need in the future.”
This Program is additional to the firm’s ongoing Graduate Trainee Program and Undergraduate Summer Internships which will continue to run as usual.
Phase 5 of the uncleared margin rules (UMR) took effect from September 2021.
The unit is part of the exchange's new LSEG Labs network.
The Central Bank Digital Currency challenge had over 300 submissions from more than 50 countries.
Coinbase has partnered with MUFG to help millions of people in Japan access the platform quickly.
The exchange aims to build an offshore Mainland China equities derivatives suite in Hong Kong.