SINGAPORE - Financial institutions should continue to identify Singaporeans with high potential for leadership roles and expand the supply of talented locals, the Monetary Authority of Singapore said on Wednesday .
Employment in the sector is also up with about 1,500 new positions created in the first half of this year, with locals continuing to account for an estimated 75 per cent. She added that most employers hire responsibly, ensuring that they build up the number of talented locals even as foreigners are brought in to plug gaps.
The scheme was enhanced this year to provide 90 per cent co-funding of qualifying costs for postings to South-east Asia and 70 per cent co-funding to other Asian locations.
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