Industry Leaders talk about IT in Banking & Financial Industry

"Despite recent market dislocation in North America, we continue to observe strong momentum across the financial services industry in building technology and operations capacity in Singapore. Indeed, with continuing industry-wide focus on right-shoring and ever-increasing reliance on technology as a competitive differentiator in almost every aspect of financial services, the prospects for Singapore as an operations and technology hub remain very bright. At Citi, we posted record results in Asia Pacific in 2007 and are continuing to invest in all our businesses in Singapore and around the region to support our ambitious growth plans in 2008.“

Andrew Butcher, Managing Director, Head Operations & Technology, Asia Pacific,
Citi Markets & Banking (Jan 2008)

“IT will continue to play a key role in supporting the growth and increasing complexity in the financial industry.”

Lim Khiang Tong, EVP and Chief Information Officer, OCBC Bank
(Jan 2008)

“The Financial Industry has been going through a well publicised turmoil since the middle of last year and many excesses of previous years are being reversed dramatically. The  industry will certainly emerge from this in a much more stronger and focused way which will allow a balanced long term growth so essential for the 'real sector' to grow in any economy. The Financial Sector is much too important to be sidelined and current woes should not be seen as a diminution in its future value."

Girija Pande, EVP & Head - Asia Pacific, Tata Consultancy Services
(Jan 2008)