Banking sector remains ‘sexy’ for graduates, says Talent Corp CEO

Management Written by Bernama Friday, 27 July 2012 17:17

KUALA LUMPUR (July 27): The on-going financial crisis in Europe has not deterred Malaysian graduates from pursuing a career in the local banking and finance industry, says Talent Corporation Malaysia Bhd chief executive officer Johan Mahmood Merican.

The industry has remained attractive and “sexy” for local graduates despite the meltdowns, as it had shown its resilience against the financial systems in the West.

The industry is getting much more attractive, with Malaysia leading the global Islamic finance market, while placing a strong foothold in the regional banking industry through aggressive expansion exercise, he added.

“Talent Corp is doing a programme to bring Malaysian professionals working overseas back home and we have so far welcomed back more than 1,000 professionals.

“Professionals from the banking and finance industry accounted for most of them. This shows the confidence they have in the local banking industry,” Johan told Bernama at the sidelines of the 16th Malaysian Banking Summit 2012.

He said the strong banking and financial framework by Bank Negara Malaysia (BNM) and the Securities Commission (SC) had ensured the stability of the industry, thus restoring the confidence of the Malaysians working abroad.

“They went abroad due to several reasons. But at this time where the condition in Europe is not so strong, we are having not only a growing Asia but also Malaysian banks which are transforming as organisations.

“We have to admit that these are the Malaysian banks that are attracting locals to work in their organisation and even foreigners want to work with these banks,” Johan said.

He also said there should not be any concerns by local young talents on the security of the banking and finance industry in Malaysia.

Indeed, there are lots of job opportunities and Malaysian banks are also expanding to other countries in the Asian region.

“As they expand, they would need talents to manage the venture. As Malaysian banks, the utmost priority for employment would be given to locals,” he said.

Currently, the largest banking group in Malaysia, Malayan Banking Bhd (Maybank) has over 2,100 branches and offices in 17 countries, with more than 42,000 employees while CIMB Group Bhd has over 40,000 employees spread across at least 15 countries. — Bernama

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