SEBA Bank Plans to Double its Headcount Amid Recent Layoffs in Industry
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SEBA Bank Goes On A Hiring Spree
According to a Bloomberg report from today, SEBA Bank AG is looking to increase its workforce in Hong Kong and Singapore to more than 20 staff from its current seven people, adding legal, compliance, and relationship manager staff.
Additionally, the bank is also seeking licenses in both cities, according to Eugene Sun, the bank's head of corporate development for Asia told the publication. On being asked, what makes them go on a hiring spree amid the recent slumping markets, Sun replies:
"We are finding the selloff to provide an opportunity commercially and in the war for talent, as clients and talent alike seek a more secure and more regulated platform for the promising future of digital assets."
SEBA Bank looking to establish itself in Hong Kong and Singapore is a considerable choice. For instance, the Singapore government recently expressed its intention to broaden the scope of cryptocurrency regulations.
It is likely that the revised rule will further restrict retail investors' access to crypto and widen the ambit of restrictions. Similarly, Hong Kong is also looking to introduce a licensing system for virtual asset service providers.