UBS is planning to make more than 300 new hires in Singapore over the next 18 months to help job seekers amid the Covid-19 crisis.

The hiring exercise will target local fresh graduates and mid-career individuals through the new Singapore UBS Program for Employability and Resilience (SUPER).

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UBS currently has around 3,000 employees in Singapore and is committed to supporting the city following the pandemic.

Through the hiring drive, the bank aims to increase its staff strength in the city by 10%.

SUPER aims to enable the professionals to develop sustainable skills for the financial services industry.

It will provide them training to equip them with skills that would prove useful in the recovery phase post Covid-19.

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The aim is to future-proof the talent pool and boost banking infrastructure’s resilience.

The move is in line with the workforce development priorities of the Monetary Authority of Singapore.

UBS Asia Pacific president Edmund KOH said: “The vision is to create the financial workforce of the future.

“UBS is partnering with the Singapore government’s Job Support Scheme to develop this innovative programme that will tap into UBS’s preeminent position in financial learning to create 300 new jobs in the industry.”

The ongoing graduate trainee programme and undergraduate summer internships of UBS will continue in addition to the new programme.

Meanwhile, earlier this year, UBS said that it will axe 500 jobs as part of a revamp of its wealth management unit.