STANDARD CHARTERED  RECRUITMENT  TRAINING  BUSINESS EXPANSION

Singapore - Standard Chartered plans to hire another 300 relationship managers (RMs) over the next three years to sustain its priority banking business expansion in Singapore.

So far, the bank has hired 80 new RMs, bringing the priority banking business unit's staff strength to around 200. Depending on the customer profile, RMs can range from fresh graduates to experienced professionals. They will undergo eight weeks of training, focusing more on on-the-job training than on finance theory.

Research has shown a huge growth potential in the segment of wealthy individuals in Asia, explains Foo Mee Har, the bank's global head for premium banking at a media launch on Tuesday, for its recruitment plans.

According to Foo, these affluent individuals tend to have disjointed banking relationships and are seeking to consolidate them. The bank believes it is exclusively positioned to cater to this new segment, which is currently growing at about 12%. It also plans to launch its revamped priority banking programme in countries across Asia such as India, China and the UAE, reported The Straits Times.

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