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Serious [ Singapore News ] Singaporeans Beware of INDIANS : Indian DBS Employee Avijit Das Patnaik Let Off With Only A Warning For Tearing Singapore Flag
- Thread starter grandtour
- Start date
http://www.theindependent.sg/piyush-gupta-of-dbs-bank-moves-1500-local-jobs-to-hyderabad/
DBS Bank plans to add 1500 jobs in Hyderabad as part of its digital strategy
May 19, 2016
One thousand five hundred jobs will be farmed out to DBS’s technology hub in Hyderabad over the next two years said Piyush Gupta in a press statement earlier this week.
“The new facility will be our largest tech hub outside our home market of Singapore. India was a choice market for this investment given its enabling ecosystem for technology innovation and access to a wide global talent pool,” DBS Group Chief Executive Piyush Gupta said.
DBS Bank has created a wholly-owned subsidiary in India, DBS Asia Hub 2, for this purpose and according to a filing with the Stock Exchange of India, the initial paid-up capital stands at Rs. 70.5cr (SGD 15M).
There are growing concerns that this move will trigger a trend towards outsourcing of our jobs to countries with lower costs structures in the name of efficiency.
“This is going against the grain,” said a local business owner who has been providing technical talent to DBS. “I thought the government was supporting local PMETs. But this move suggests that the government is not sincere about the promises it makes to the local businesses. Maximizing profits is the order of the day!” said Mr Rao.
The announcement was rather muted in the local media in Singapore, which is another cause for concern, said Mr. Rao.
DBS Bank plans to add 1500 jobs in Hyderabad as part of its digital strategy
May 19, 2016
One thousand five hundred jobs will be farmed out to DBS’s technology hub in Hyderabad over the next two years said Piyush Gupta in a press statement earlier this week.
“The new facility will be our largest tech hub outside our home market of Singapore. India was a choice market for this investment given its enabling ecosystem for technology innovation and access to a wide global talent pool,” DBS Group Chief Executive Piyush Gupta said.
DBS Bank has created a wholly-owned subsidiary in India, DBS Asia Hub 2, for this purpose and according to a filing with the Stock Exchange of India, the initial paid-up capital stands at Rs. 70.5cr (SGD 15M).
There are growing concerns that this move will trigger a trend towards outsourcing of our jobs to countries with lower costs structures in the name of efficiency.
“This is going against the grain,” said a local business owner who has been providing technical talent to DBS. “I thought the government was supporting local PMETs. But this move suggests that the government is not sincere about the promises it makes to the local businesses. Maximizing profits is the order of the day!” said Mr Rao.
The announcement was rather muted in the local media in Singapore, which is another cause for concern, said Mr. Rao.
https://www.marketing-interactive.com/jabra-marketing-lead-saurabh-singhal-heads-to-dbs/
10/09/2018 Mon 11:43
Jabra marketing lead Saurabh Singhal heads to DBS
DBS Bank has appointed former Jabra marketing head Saurabh Singhal (pictured) as executive director, head of regional marketing. In this newly-created role, he reports to Sivea Pascale, managing director, regional wealth, segments and marketing.
Following the appointment, Singhal will be tasked with leading regional marketing for DBS’ consumer banking group across six markets. These markets are Singapore, Indonesia, Hong Kong, China, Taiwan and India and will see him being based in Singapore. He will also help drive DBS’ expansion in these markets in a bid to make DBS the bank of choice, a statement read.
10/09/2018 Mon 11:43
Jabra marketing lead Saurabh Singhal heads to DBS
DBS Bank has appointed former Jabra marketing head Saurabh Singhal (pictured) as executive director, head of regional marketing. In this newly-created role, he reports to Sivea Pascale, managing director, regional wealth, segments and marketing.
Following the appointment, Singhal will be tasked with leading regional marketing for DBS’ consumer banking group across six markets. These markets are Singapore, Indonesia, Hong Kong, China, Taiwan and India and will see him being based in Singapore. He will also help drive DBS’ expansion in these markets in a bid to make DBS the bank of choice, a statement read.
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