Singapore Issues Get Tough Edict On Poaching Of Treasury Teams
REGULATIONS
The Association of Banks in Singapore (ABS) has issued a warming to its members about "poaching" of staff which sources say has been prompted by recent movements of highly-paid treasury staff. In what officials agree is a "coincidence" Citibank has recently gone to the Government of Singapore Investment Corporation to recruit a head for its regional currency unit (see related article, this issue).
At the ABS annual dinner earlier this month, outgoing chairman Peter Seah and his successor Wong
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