Singapore may have a short history, but its accomplishments have been nothing short of remarkable. In just 53 years, the country has established itself as a leading global financial hub. Singapore ranks among the top financial centres in the world, according to the 2018 Global Financial Centres Index, along with London, New York and Hong Kong. Singapore is the third largest global foreign exchange trading centre, and has gained mindshare as one of the top FinTech hubs in the world.
Accounting for nearly 13 percent of the country's GDP, the financial sector is a major driver of Singapore's economy and creates good jobs for Singaporeans. Keeping ahead of the competition is of significant importance for the country’s continued growth. However, this is not without its challenges. Other centres in East Asia are rapidly rising as emerging hubs and catching up in areas where Singapore has done well. Furthermore, technology is reshaping the financial landscape, and the financial workforce must be equipped with new skills to adapt to new emerging roles.
Join us for the second luncheon in our series on "Singapore as a Hub", where we explore Singapore’s status as a leading financial hub — how it is faring vis-à-vis the competition, and how it can continue to excel on the international stage.