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to shoot
of the issues that will be addressed at the CITIBANK has been named best bank
forum, known as the Women Leaders’ in Singapore and Asia by leading fi-
Network (WLN) Meeting. nance magazine Euromoney.
SingTel chief executive Chua Sock Despite floundering in the United
Koong, one of Singapore’s most promi- States with multi-billion-dollar loss-
nent woman CEOs, said there are no barri- es, Citi’s arm here was “cementing its
for CEO posts ers for women to achieve the same posi-
tions as men in the workplace.
“In this global war for talent, no coun-
try or organisation can afford to ignore
the female population,” said Ms Chua,
who will chair the WLN meeting.
position as a head-on competitor to
Singapore’s domestic banks”, said Eu-
romoney in its awards citation.
Euromoney praised the bank’s sig-
nificant progress in retail. Tie-ups
such as those with SMRT and Exxon
(Apec) region. SingTel, for example, has flexible work- Mobil service stations have allowed it
They can thrive in But even as women pursue careers, it
Mrs Yu-Foo Yee Shoon said IT can help women
fulfil their multiple roles. PHOTO: MCYS
ing arrangements for female executives to expand its presence rapidly and
who have family obligations, she said. made it “as recognisable locally as
banking and finance is important for them to fulfil their famil-
ial roles and this is where information Mrs Yu-Foo also pointed to ways that
many Singaporean institutions”.
It has also emerged as the credit
sectors, says minister and communications technology (ICT)
can give a helping hand, she added.
experiences in the various sectors of their
respective economy,” said Mrs Yu-Foo,
women might fulfil their multiple roles at
work and at home, including using ICT.
card market leader, with one in two eli-
gible cardholders in Singapore holding
“Women should embrace IT to help who was speaking at the pre-event brief- Walking the talk, she announced at the a Citibank credit card.
BY JESSICA CHEAM them communicate with the workplace, ing. briefing yesterday that ICT will be em- With a staff base of over 8,000, it
even if they have to stay at home,” said The minister cited five areas for discus- ployed to link delegates from South Korea also employs more than any other
WOMEN feature prominently in small Mrs Yu-Foo. sion: sustainable development; women in to the event by video-conferencing for bank in Singapore, noted Euromoney.
and medium-sized enterprises, but they Issues such as women in businesses business; women in knowledge economy; part of the forum. Citi Singapore country head Jonath-
can shoot higher for the chief executive’s and their role in an increasingly ICT-cen- women in tripartism and social enter- It will be a first for the event, and will an Larsen said: “We will continue to in-
job in bigger firms, said Minister of State tred world are just two of the topics that prise; and work-life harmony. enable female staff and students of Sook- vest in our Singapore franchise and
for Community Development, Youth and will be tackled at a forum next month in The forum at the Raffles City Conven- myung Women’s University to listen and grow our market share in consumer
Sports Yu-Foo Yee Shoon yesterday. the lead-up to the Apec meeting here in tion Centre will form policy recommenda- interact with the forum in real time. banking, corporate and investment
“We want to see more women as November. tions that will be presented to the main In addition to the WLN event, Singa- banking, treasury and transaction serv-
CEOs,” she said, adding that they should Women leaders in business and other Apec ministerial meetings for considera- pore will host a separate Apec digital fo- ices.”
play an active role, even in multinational fields from around the globe will be at- tion. rum for women on Aug 3, which hopes to DBS Bank picked up an award for
companies. tending the event, an annual platform for Visiting delegates will also get a dose enhance the role of women in the ICT sec- best debt house in Singapore because
The minister told a briefing, for a con- of local hospitality during the event on tor. of the “strength and depth of its fran-
promoting the participation of women in
The first WLN meeting was held in Ma- chise across bonds and syndicated
ference to be held here next month, that economic and trade-related activities. Aug 4 and 5.
nila in 1996. It is hosted each year by the lending”. JP Morgan was named Singa-
banking and finance are sectors in which “This meeting will enable women lead- Lunches and dinners will be hosted by pore’s top equity house and Credit Su-
women can thrive, especially in the ers in the Apec region to network and a range of notable women, including Sin- country hosting the Apec summit.
isse was the Republic’s best merger
Asia-Pacific Economic Cooperation share with each other their insights and gapore’s first woman minister, Minister jcheam@sph.com.sg and acquisition house.