Daily Briefing: Why DBS is investing billions to go digital; 6 key trends affecting investment management jobs

And six new star attractions will be opened in Woodlands.

From Motley Fool Singapore: In its latest 2016 annual report, Singapore’s largest bank said that it has put billions of dollars to facilitate the move into the digital sphere: “We have invested more than SGD 5 billion in the past few years to develop a platform which enables us to be faster to market. We can now “plug and play” technologies from partners using Application Programming Interfaces (APIs) and have started to leverage cloud technology and microservices to be even more agile, scalable and fintech-like.”

From eFinancialcareers: The investment management industry in Singapore has generally been expanding since the turn of the millennium. While 15 to 20 years ago the sector was dominated by local investment managers, Singapore has since encouraged foreign players to park money here, in return for these investments to be managed directly from Singapore. The local industry showed resilience through the 2008 financial crisis, before growing 49% over the next five years. In phases, foreign portfolio managers started to relocate to Singapore, research teams were built to support them, sales people were hired to tap growing regional wealth, and operations teams were relocated to the Republic as part of a global shared-services strategy.

From PropertyGuru: As one of the latest batch of towns to be revamped under the Remaking Our Heartland (ROH) programme, Woodlands will get a facelift to make it the “Star Destination of the North”, revealed National Development Minister Lawrence Wong at the launch of the ROH exhibition for Woodlands. For instance, the Woodlands Regional Centre comprising Woodlands Central and Woodlands North Coast will be transformed into a “more vibrant hub of activity, with better connectivity and new commercial and residential developments”.