The redevelopment of Singapore's Marina Bay district seems a fitting backdrop for someone managing the two areas of banking that have undergone the greatest change since the financial crisis. Sitting in his office above one of Southeast Asia's largest construction sites, Bhupinder Singh -- better known to his colleagues as Bhupi -- overlooks a patchwork of trenches and half-built office towers that promise to transform once dormant grasslands into Singapore's new financial district.
In much the same way, banks' institutional sales and structuring platforms have been re-engineered to fit a market environment that is radically different from the predictable, low volatility world of 2003 to 2007.
The financial crisis has undoubtedly changed...
