If you’re a student intern at a bank, your so-called mentor is likely to be a grumpy guy giving you a Starbucks order, not a cheerful chap inviting you to chat over dinner. In a bid to change all that, alongside its traditional in-house internships, Citigroup in Singapore is providing mentors to students for a five-month period.
The students, selected from National University of Singapore, Nanyang Technological University and Singapore Management University, can seek out career advice from Citi employees over meals, phone calls and even text messages.
Citi apparently wants to help undergrads understand what it’s like working in a bank (students should perhaps prepare themselves for a few 2am calls). "The mentors are more of a big brother or sister to the mentees," said Citi human resource director Evangeline Chua.
Getco closes (WSJ)
Getco is closing its Hong Kong office because Asia has been too slow to accommodate high-speed trading.
Banker tricked (The Star)
A former UBS executive was tricked into having sex with an underage prostitute, the defence argued on the first day of his trial in Singapore.
Help from Singapore (Asia One)
France seeks Singapore’s help in fraud probe of ex-minister accused of having an undeclared bank account.
Singapore compliant (Asia One)
The Basel Committee on Banking Supervision has assessed Singapore's financial regulations as being compliant with its new capital standards under Basel III.
IPO is on (Shanghai Daily)
China Everbright Bank will resume its initial public offering in Hong Kong.
Bond problems (Finance Asia)
Bankers and investors warn high-yield bonds from Asian issuers face headwinds due to compressed spreads.
More lending (Asian Banking & Finance)
Singaporean banks boost lending to small and medium-sized companies.
Iksil’s insights (Alphaville)
Some insightful sayings from Bruno Iksil.