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Published May 22, 2012
Excess hostility may deter foreign talent
Stanchart CEO says important that S'pore does not lose appeal to top talent
By
malminderjit singh
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Mr Ferguson: Foreigners coming to work and live in S'pore will have to play their part in integrating
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<!-- end of media lightbox //-->SINGAPORE needs to be careful that the discussion on foreign talent and immigration does not reach a pitch that prevents multinationals from attracting top talent here, the head of a global bank warned yesterday.
Speaking to BT, Ray Ferguson, CEO of Standard Chartered bank, said that although the hostile sentiment toward foreigners in Singapore has at present not reached a stage that deters top talent from relocating here, it would not take much for this to happen. "We can see danger of that down the road if it is handled wrongly," pointed out Mr Ferguson, whose bank hires 7,000 people in its operations in Singapore.
"We have to be very careful that this dialogue does not create an environment where people coming in feel that Singaporeans don't want to integrate, to know them and to accept them. Such a dialogue is spinning in the direction which indicates that foreigners are not welcome here and that they are going to get a bad deal by coming here."
Mr Ferguson explained that such a negative perception would harm Singapore and it is important that Singapore does not lose its appeal to top talent as a global city.
Excess hostility may deter foreign talent
Stanchart CEO says important that S'pore does not lose appeal to top talent
By
malminderjit singh
print |email this article
<!-- end of header //-->

Mr Ferguson: Foreigners coming to work and live in S'pore will have to play their part in integrating
<!-- /.view -->
<!-- end of media lightbox //-->SINGAPORE needs to be careful that the discussion on foreign talent and immigration does not reach a pitch that prevents multinationals from attracting top talent here, the head of a global bank warned yesterday.
Speaking to BT, Ray Ferguson, CEO of Standard Chartered bank, said that although the hostile sentiment toward foreigners in Singapore has at present not reached a stage that deters top talent from relocating here, it would not take much for this to happen. "We can see danger of that down the road if it is handled wrongly," pointed out Mr Ferguson, whose bank hires 7,000 people in its operations in Singapore.
"We have to be very careful that this dialogue does not create an environment where people coming in feel that Singaporeans don't want to integrate, to know them and to accept them. Such a dialogue is spinning in the direction which indicates that foreigners are not welcome here and that they are going to get a bad deal by coming here."
Mr Ferguson explained that such a negative perception would harm Singapore and it is important that Singapore does not lose its appeal to top talent as a global city.