Originally Posted by Unregistered

Many functions in backoffice in all the Investments Banks in Singapore are getting offshored, and retrenchment is big, and happening right now as we speak.

Ask any industry insiders...

Singapore is getting very expensive for backoffice functions, especially with the appreciation of the SGD and rise in rents.

Barclays, Morgan Stanley, BoA.. They are all offshoring their Singapore functions as much as possible...