'Banker refugees' seek a safe haven in Singapore

The Malaysian Insider, 14 Nov 2008

SINGAPORE, Nov 14 - When trader Ardi Suroso, 26, was given the pink slip at his New York bank last week, he began calling recruiters halfway across the world - in Singapore.

And when analyst Jessica Tan, 27, was told she was being let go by her employer - an American investment bank - late last month, the Hong Kong-based Singaporean did the same thing.

Both have joined the long line of out-of-work bank executives, dubbed "banker refugees", hoping to give their sagging careers a new lease of life here.

Enquiries from jittery overseas-based bank executives who wish to relocate to Singapore have reached record highs, according to checks with a dozen recruiters here.

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