Be a commodities trader

RBS just cut 450 IB jobs, shifting it to India.
Does that sound glamorous?

Source for the RBS job cuts? Curious because I might be taking a position with RBS....

How to become Forex Trader?

RBS is moving out of Singapore, they have been moving functions out for a couple years already.

Don't make a mountain out of a molehill with just the IB jobs being made redundant.

Originally Posted by Unregistered

RBS is moving out of Singapore, they have been moving functions out for a couple years already.

Don't make a mountain out of a molehill with just the IB jobs being made redundant.

is it those people working in RBS, getting jobless now?

Originally Posted by Unregistered

is it those people working in RBS, getting jobless now?

://news.efinancialcareers.com/sg-en/200345/singaporean-banks-tipped-to-hire-as-rbs-cuts-jobs/

://.straitstimes.com/business/rbs-axing-spore-jobs-in-overhaul-of-operations

They have a very small presence now in SG. They are only hiring to replace people who quit from the teams left. And odds are that they will exit SG altogether very soon in the future.

Originally Posted by Unregistered

How to become Forex Trader?

bro wrong thread la, hahaha

[Canberra]

This is presposterous, RHB is on the move to axe more jobs. SG is stagnanting and my belief is that BBs had finished using SG already. It is time to move to lower cost nations as well as retrain them, rinse and repeat.

Commodities trader need not be under Financial Institutions. Why not consider being an independent trader or simply join boutique firms with your portfolio?

Originally Posted by Canberra

This is presposterous, RHB is on the move to axe more jobs. SG is stagnanting and my belief is that BBs had finished using SG already. It is time to move to lower cost nations as well as retrain them, rinse and repeat.

Commodities trader need not be under Financial Institutions. Why not consider being an independent trader or simply join boutique firms with your portfolio?

How knowledgeable are you to be in the position to say "BBs had finished using SG already"? I apologize if I assume wrongly but what you said is a very broad statement. May I ask for some anecdotes on why you think that is the case?

In my field, I can saw that hedge funds are finding it harder to beat the market where the rolling 5 year average returns are becoming less and less. It's harder to find alpha and capital providers are turning to mutual funds. BUT, this culling of HFs has left the larger AUM (>$1b) funds around and they still need BBs to execute their trades. A case can even be made that capital which was once in smaller funds are now placed in the bigger funds. I won't mention names but I believe I can number 10 funds in Singapore with >$1b in assets.

Why would you say "BBs had finished using SG already"?

[Canberra]

Originally Posted by Unregistered

How knowledgeable are you to be in the position to say "BBs had finished using SG already"? I apologize if I assume wrongly but what you said is a very broad statement. May I ask for some anecdotes on why you think that is the case?

In my field, I can saw that hedge funds are finding it harder to beat the market where the rolling 5 year average returns are becoming less and less. It's harder to find alpha and capital providers are turning to mutual funds. BUT, this culling of HFs has left the larger AUM (>$1b) funds around and they still need BBs to execute their trades. A case can even be made that capital which was once in smaller funds are now placed in the bigger funds. I won't mention names but I believe I can number 10 funds in Singapore with >$1b in assets.

Why would you say "BBs had finished using SG already"?

Hello Mate,

No worriee here, I should be the one apologizing for the general statement. As you can see, some members are not in this niche thus creating a mountain out of molehill. Do remember that money is treated at best.

In SG, we managed trillions of dollars so it is a tad unfair for me to generalize. However, the current context - pardon me if I am wrong - is that the US and other States are recovering and progressing hence more capital outflows should be inevitable. You're in this field and definitely knew about our financial strength especially those who have >1B aum.

I'm merely putting forth a general opinion together with an evidence of capital outflow > influx as other economies are looking more robust as opposed to this tiny red dot. Once again, apologize if there is any emotions invoked.

PS: we're really nobody in this industry, sad reality but pragmatic point of view.