The British emerging markets-focused bank already employs over 6,000 people in the city-state.
At the opening of the bank’s new Singapore office that includes a three-level trading room for 790 people, Standard Chartered CEO Peter Sands said we are in an economic super-cycle.
"Our sense of optimism about the opportunities across Asia and our commitment to investing and building our businesses across Asia hasn’t changed at all," Sands said.
The British bank, which employs over 80,000 people globally, added 7,000 employees to its headcount last year and expects to make ‘significant hirings’ in 2011, Richard Meddings, finance director of the bank, said last month.
Singapore is the world’s fourth largest centre for foreign exchange trading and the top Asian hub for private banking. The city-state of five million people is also a major Asian centre for asset management and oil and commodities trading.
