Maybank Kim Eng trims Singapore workforce by 5% | The Malaysian Insight

Maybank is restructuring its investment banking arm to leverage emerging opportunities in new growth areas, says news report. – The Malaysian Insight file pic, December 11, 2019.

MAYBANK Kim Eng, the investment banking arm of Malaysian lender Maybank, has cut about 5% of its Singapore workforce as part of a “comprehensive restructuring” of its operating model, CNA reported. The news channel in a online report said the job cuts, announced to employees on December 6, come as Maybank Kim Eng relooks at some parts of its operations, including its Singapore retail brokerage, regional institutional sales and research and Hong Kong investment banking and advisory businesses.

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