LV SMU Publication: Berita Harian, p 8 Date: 2 April 2010 Headline: Financial institutions search for new talent in the wealth management sector

7 Scroll down for translation

lnstitusi kewangan cari bakat baru dalam sektor pengurusan harta

Bernard Lee; Ketua Pengumsan Hatta Privet As i Tenggara dan Australia Morgan Stanley, Eik Tan k Shan; CEO Fullmn Fund Management, Endk Gerard Lee; (I0 Bank of Singapore, Endk Renato de Guzman; dan Pengaah Umsan Robert Half International, Endk l m Hid. - toto SMU

I N s m S I kewmgan utama di Shgapura teM mula mendaptkan bakat- bakat baru dalam sektor pmgarusan-(- management), menggam- barkan perkembangan yang boleh dijangkakan dalam sektor tersebut, menurut Pengarah UN- san fuma pemadanau ker- ja R o b Half Intematio- d, En& Tim HiPd.

Namun, bakat-balcat dalam bidang ini begitu t s h d sehingga banyak - y a n g k e b m = I&& me- bakat ter- baik.

Jhlm satu sesi soal jawab mengenai Maso Hadapan Penpusan Aset dmr Harta I Stirga- pura yang dianjurkan oleh Mtut h o m i Ke- wan* Sim Kee Boon, Universiti Pengunrsan Si- wpura ww, h - b a - mini,EncikEFvdberkata @@man para l u l ~ ~ a n mi- versiti untuk bekerja dalam sektor pengurusan harts jugs telah berubah sejak berlaku krisis ke- wangan.

"Jika 18 bulan lalu, ~luhlsanini iaginbe- kaja di --bank yang besar, kini mereka menumpukm perhaw terhadapW*dm keSt8bilankewanganinsti- tusi lmmgm tersebut," jelas Bncik Hird dalam se- siyrmg w di SMU.

wituturutdisiarksn seam live melalui Inter- net dan tuaut disertai aleh parp pelajar daripada ton- - h w a f E c o n o m i ~ ~ menerusisidangvideo.

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-Pengunlsanm ta Privet Asia Tenggm dan Australia di M o m ~ey ,C ikC ikTanShaq

betkata beliau dan kum- pdatmya sering b rmiver- &ti-unihti terkemuka di dunia untuk m e n 4 bakatyaagterbaikrmtuk bekaja di Morgan Stan- ley.

"Kamiiogin mendapat- kan merdca pang terbijalr kerana persrrinean dalam &or harta ini adalah b e d a t globat kgi MugantmiH, ks- mi ingin menarik mereka yang &pat bertutut de- ngan baik dan mempa- nyai integrid," j h y a .

mereka yang tehijak kema persaingan dalam sektor enguruan L-h ini adalah

betxifat global. Bagi lulusan universiti, h i in& menarik me& Yang dapat bertukrr dengan baik dan mempunyai integrki. -CikTanSu Shan, Ketua Pengunmn tbtaPClVBt Ada fenggm clan m d i Mavgan Stanky.

Ditanya jika kebol~ han b h diperluhn, Cik Tan berhta banker

ujikal-tkanb pada pelanggan mewah MIndia ataquahadone- &, biasauya mereka da- pat bertunu dalam ba- hasa Inggeris," tamlaah- nya.

Source: Berita Harian O Singapore Press Holdings Limited. Permission required for reproduction.

IY SMU Publication: Berita Harian, p 8 Date: 2 April 2010 Headline: Financial institutions search for new talent in the wealth management sector

Translation:

Photo Caption: Guest Panellists: (From left) SMU Visiting (Practice] Associate Professor Bernard Lee; Head of Private Wealth Management for Southeast Asia and Australia, Morgan Stanley, Ms Tan Su Shan; CEO of Fullerton Fund Management, Mr Gerard Lee; CEO of Bank of Singapore, Mr Renato de Guzman; and Director of Robert Half International, Mr Tim Hird. - SMU Photo

Major financial institutions in Singapore have started to seek new talent in the wealth management sector, reflecting the expected growth in the sector, according to Director of Robert Half International, Mr Tim Hird. However, talent in this field is so limited that many banks need to search outside the country to look for the best talent.

In a question and answer session on The Future of Asset and Wealth Management in Singapore organised by SMU's Sim Kee Boon lnstitute for Financial Economics, recently, Mr Hird said expectations for university graduates working in the wealth management sector has also changed since the financial crisis. "If 18 months ago, these university graduates want to work in big banks, now they are focussing on the leadership and finan- cial stability of financial institutions," explained Mr Hird in the session held at SMU.

The session was broadcast live via the Internet and was also attended by students from the London Business School via video conference.

It was chaired by Visiting (Practice) Associate Professor Bernard Lee, who is also the Deputy Director of the Sim Kee Boon lnstitute for Financial Economics and Founder and Chief Executive Officer (CEO) of HedgeSPA.

Head of Private Wealth Management for Southeast Asia and Australia at Morgan Stanley, Ms Tan Su Shan, said she and her team are often visiting the world's leading universities to find the best talent to work at Morgan Stanley.

"We want to get those who are smart because competition in the wealth management sector is global in nature. For university graduates, we want to attract those who can speak well and have integrity," she said.

Asked if language skills are needed, Ms Tan said if the private banker's focus is on the China market, being able to converse in Mandarin is definitely essential.

"If you focus on affluent clients from India or Indonesia, they can usually converse in English," she added.

Source: Berita Harian O Singapore Press Holdings Limited. Permission required for reproduction.