Deutsche Bank gives staff in Singapore a digital ‘’boost’’

Deutsche Bank caused a stir in July when its CEO Christian Sewing announced sweeping restructuring plans that include thousand of job losses between now and the end of 2022, while reducing the bank’s reliance on securities trading. https://hrmasia.com/deutsche-bank-overhaul-to-cost-18000-jobs/

The global banking giant employs around 18,000 people in Asia, of which 2,000 are based in Singapore, its regional headquarters. Ying-Ying Lian, Deutsche Bank’s Head of HR for Singapore, says the focus now is on equipping employees with a digital toolkit of new skills.

A pilot scheme has been launched here, nicknamed internally “Boost’, which stands for Build, Own, Operate, Share and Transform. It includes staff picked from all departments across the Singapore banking operations.

‘’We firmly believe that through this we are effecting change at the core which is our people and culture, and this is key in helping to accelerate digital transformation in the bank and to succeed in this environment,’’ says Lian.

Read our Leaders Talk HR interview with Deutsche Bank’s Singapore Investment Bank Operations Head, Caroline Liow here.