Global banks in Singapore tap Belt and Road opportunities

They're expanding China desks and adding bankers with the right experience and local knowledge

Published Mon, Oct 1, 2018 · 07:19 AM

Singapore

AS Asean infrastructure and China's Belt and Road Initiative (BRI) projects take off, experienced bankers are in demand as Singapore-based global banks move to seize the opportunities.

A recent report by recruitment consultant Hays Singapore said corporate and institutional banking is flourishing in Singapore as banks play a crucial role in financing BRI projects and heady growth in the region.

Banks are turning their attention to the Asean and China market, offering project and export finance, loan syndication, trade and cash management solutions and financial market products.

Industries in focus are infrastructure and utilities, telecommunications and energy.

Citi is among the global banks here which sees robust growth from its corporate investment banking business in Asia, up 18 per cent year-on-year, said Munir Nanji, Citi's global subsidiaries group…