AIA Singapore to create up to 500 job opportunities to help tackle unemployment amid COVID-19

SINGAPORE: Insurance provider AIA Singapore has pledged to create up to 500 job opportunities for fresh graduates and mid-career job seekers to help cushion the blow of rising unemployment amid COVID-19.

Successful candidates will undergo an initial 10-month training programme, leading to three certifications in finance and investment.

Financial support of between S$2,000 and S$5,000 per month will be provided during the programme, with a bonus awarded upon completion of certain training modules.

“At a time when so many are impacted by retrenchment or are struggling to find jobs, it is vital that we support Singaporeans and permanent residents by creating sustainable and long-term career opportunities,” said Ms Wong Sze Keed, CEO of AIA Singapore in a media release on Monday (Sep 21).

“The AIA Financial Career Scheme 2020 equips individuals with the skills and necessary financial knowledge to pursue a new career path in the financial services

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StanChart, Trade Union Arm Plan Singapore Digital-Only Bank

(Bloomberg) — Standard Chartered Plc is planning its second digital-only bank in Asia, teaming up with a unit of Singapore’s biggest labor union, according to people familiar with the matter.



a sign on the side of a building: Signage for Standard Chartered Plc is displayed outside a bank branch in Hong Kong, China, on Saturday, Feb 16, 2019. Standard Chartered is scheduled to release full year earnings results on Feb. 26.


© Bloomberg
Signage for Standard Chartered Plc is displayed outside a bank branch in Hong Kong, China, on Saturday, Feb 16, 2019. Standard Chartered is scheduled to release full year earnings results on Feb. 26.

The London-based bank would hold a majority stake in the new venture, with the remainder held by NTUC Enterprise, a division of the National Trades Union Congress that also runs a chain of more than 100 supermarket outlets across Singapore, said the people who asked not to be identified as the matter remains confidential.

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Alex Twigg, co-founder of Australian startup Judo Bank, has been hired for the business, which has been code-named “Project Phoenix,” the people added.

Standard Chartered is accelerating its digital

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