Australia cutting jobs while Asia-Pacific headcounts grow
While speculation continues that the Australian banking industry could see the loss of thousands of jobs in 2012, specialist financial services messaging provider SWIFT has indicated it intends to grow its presence and headcount in the Asia -Pacific, but focused on Hong Kong, Singapore, China and India.
The company this week announced plans to grow its Asia-Pacific headcount by 53 per cent by 2015, reflecting what it says is the region's economic and financial growth, and citing the Standard Chartered Bank forecast that Asia will grow to generate 44 per cent of world Gross Domestic Product by 2030.
However, it said its head count expansion would be focused on the key financial services hubs of Hong Kong and Singapore, plus the emerging markets of China and India.
The company said the Asia-Pacific currently accounts for 13 per cent of SWIFT's traffic and 15 per cent of total revenue.
AUTHOR
Mike Taylor
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.
