ABS to absorb SIBA

The Singapore Investment Banking Association will come under the umbrella of the Association of Banks in Singapore from the second half of this year.

The larger industry group that represents both local and foreign banks in Singapore will combine the 120 members of ABS and 36 members of SIBA.

According to ABS, "The combined membership and resources will enable ABS to more comprehensively and effectively represent the interests of the banking industry".

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