Push to create more jobs in financial sector

Minister for Education (Higher Education and Skills) Ong Ye Kung at the launch of the financial services industry transformation map.
Minister for Education (Higher Education and Skills) Ong Ye Kung at the launch of the financial services industry transformation map. PHOTO: MONETARY AUTHORITY OF SINGAPORE

A new road map charting growth strategies for the financial services sector aims to create around 3,000 new jobs and a further 1,000 in financial technology every year.

At the same time, banks and financial institutions have to do more to retrain workers whose jobs are affected by disruptive changes, and match them to new jobs, Minister for Education (Higher Education and Skills) Ong Ye Kung said yesterday.

The financial services Industry Transformation Map also aims to make Singapore a centre of excellence for wealth management, a hub for Asian infrastructure financing and a leading centre for Asian fixed income.

SEE TOP OF THE NEWS: Financial sector to add 4,000 jobs a year

A version of this article appeared in the print edition of The Straits Times on October 31, 2017, with the headline 'Push to create more jobs in financial sector'. Print Edition | Subscribe