Goldman Plans to Add About 100 Staff in Singapore

The video discusses the expansion of Goldman Sachs in Singapore, highlighting the addition of 100 new staff, primarily in technology, which will bring the total to around 1000 employees. This move is significant for both the bank and Singapore, marking a recovery from past scandals and positioning Singapore as a major wealth management hub. The video also notes similar expansions by other banks like Citigroup, indicating a shift from Hong Kong to Singapore as a financial center.

What is the significance of Goldman Sachs hiring new staff in Singapore?

• It indicates a decrease in their global operations.

• It shows a shift of focus to manufacturing.

• It suggests a reduction in their workforce.

• It marks a recovery from past scandals.

How many new staff members is Goldman Sachs planning to hire in Singapore?

• 200

• 100

• 500

• 50

Why is Singapore becoming a preferred location for international banks?

• Due to its proximity to Europe.

• Because of regional unrest in Hong Kong.

• Owing to its large manufacturing sector.

• Because of its declining economy.

Which bank has opened its largest wealth management hub in Singapore?

• Goldman Sachs

• Citigroup

• HSBC

• Deutsche Bank

What other financial activities are expanding in Singapore besides wealth management?

• Trading and debt issuance

• Retail banking

• Insurance services

• Real estate development