Tech hiring boom in Hong Kong and Singapore Banking

More technology jobs are opening up at private banks in Singapore and Hong Kong as rich millennial clients demand round-the-clock investment advice and management via their smartphones. Led by the likes of industry leaders UBS, Credit Suisse and DBS, the two cities have become tech hotbeds for most private banks. When BNP Paribas released a new suite of wealth technology services, for example, half of them were developed in Asia.

Apps, chatbots and roboadvisors aren’t replacing private bankers in Asia (hiring in the front-office is stronger than ever because millionaires and billionaires also want the human touch), but their growth is now fuelling demand for IT developers. Technology costs at large private banks in Asia were up 15% year on year for the first nine months, according to consultancy Scorpio Partnership. “Headcount for technology roles within private banking is increasing, with more firms seeking technology candidates who already have wealth-product experience,” says Mark Li, a director at recruiters Randstad in Singapore.

https://news.efinancialcareers.com/sg-en/3000005/private-banking-technology-jobs-singapore-hong-kong/