DBS’s plans to expand its treasury and markets team outside of Singapore are driven to a large degree by the growing internationalisation of the Chinese currency. But hiring the right people in China may prove problematic.Fiona Kwok, consultant, financial services, Robert Walters, agrees that China, India and Indonesia all suffer from skill shortages in T&M functions.
DBS faces another challenge in its China hiring bid: its own brand. “We receive enquiries from DBS staff wanting to move out. This may be because the firm is not well received as an employer of choice. DBS is probably stronger on the investment banking side, rather than treasury and markets,” comments one headhunter, who asked not to be named. Full story
