CIMB-GK Securities will hire about 35 fresh graduates under the new Finance Graduate Immersion Programme started by the Monetary Authority of Singapore (MAS).
Chief executive Carol Fong told The Straits Times yesterday: 'We believe we are the first brokerage under this scheme. It's a win-win situation. If not for the MAS scheme, I would think twice before hiring fresh graduates in such big numbers.'
The scheme involves the MAS subsidising the pay of new graduates hired by the financial sector, to spur employment during the downturn. The one-year programme has a budget of $15 million.
CIMB's decision to hire the graduates is part of its aim to double the size of its retail business by next year. It plans to add about 100 staff to its base of 300 remisiers and dealers by next year. The graduates will be channelled to equity sales, research and compliance positions.
- The Straits Times
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