Singapore banks continue to bolster their rosters in terms of new hires in 2022, registering a 5.8% increase in Singapore Business Review’s annual bank rankings compared to a year before.
The rankings, which rates banks in terms of the number of employees, saw some moderate to great increases in the number of hires this year whilst some banks opted to keep employee numbers the same. Meanwhile, a number of banks saw slight dips in employee numbers causing them to slip from their previous place.
DBS continues to hold the top spot with 12,585 employees, an increase of 4.9% from 2021. Standard Chartered and UOB maintained the number of employees at 10,000 and 9,000, placing third and fourth respectively.
The Hongkong and Shanghai Banking Corporation Limited (HSBC) had a slight dip in its employee count from 3,300 to 3,242 ranking sixth. CIMB bank had a notable dip of 25.2% in its number of employees from 1,237 in 2021 to 925 this year, falling from ninth to 11th place.
During interviews conducted for its annual bank rankings, Singapore Business Review found that top Singaporean banks are exceeding the projected regional average growth of hiring women in executive positions.
Deloitte’s Within Reach series predicted that by 2030, women in senior leadership, specifically C-suite, will grow to 20.5%, a moderate increase from 18.5% in 2021.
In DBS’ 2021 sustainability report, 54.3% of their Singapore staff are women. In all of its branches, DBS’ female staff comprises around 49.2% of its workforce.
This story is from the Issue 100 edition of Singapore Business Review.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Issue 100 edition of Singapore Business Review.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How TikTok powers cross-border shopping for Singapore retailers
The yellow basket feature allows viewers to purchase items directly during livestreams.
Income Insurance seeks to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
SIDS fights misconceptions in interior design with accreditation, education
The organisation is setting up a digital platform to speed up accreditation from 6 to 2 months.
IHH's proton therapy takes aim at tumours with precision and low risk
Leaving surrounding organs at risk during cancer treatment might become a thing of the past.
SingPost pivots from mail to logistics as e-commerce demand drives growth
It is banking on e-commerce to drive its logistics unit, which accounts for 69% of revenue.
Singapore needs SEA neighbours to power renewable energy transition
Experts favour Malaysia and Indonesia as renewable energy import sources.
Singapore's architecture blueprint spurs push to tackle brain drain in other sectors
Paying the country's architects just right will hopefully stop the brain drain.
Millionaires eye a piece of Singapore's rich colonial era
The country's remaining 6,500 shophouses are in high demand amongst the ultra-rich.
HDB resale portal unlikely to cut out property agents
The portal enables sellers to list their units themselves.
Factory and retail spaces shine as housing heads for worst market slump in 16 years
Its manufacturing and tourism rebound will spur demand for industrial and high-street shops.
