“Banking University” could rise in Singapore

BNP Paribas plans banking university to raise level of financial services skills.

Sources said the bank is planning to build a banking university in Singapore to raise the level of financial services skills in Asia Pacific as it sets it sights on rapid growth in the region.

It is also believed that the intention of the campus is to help develop local skills as Asia tries to move away from its historical reliance on foreign expatriates.

A spokesman for BNP Paribas, France’s largest bank, said that no information has been released publicly about the proposed campus and declined to elaborate further, however.

In 2012, BNP Paribas entered into a joint venture with Malaysia’s Global University of Islamic Finance to organize the BNP Paribas-INCEIF Centre for Islamic Wealth Management. The center was established to research and develop Islamic wealth management, asset management and capital markets.