I can't tell which IB has any, if at all, of their key IT development done in Singapore. Moving some of the less critical projects(resources) to Singapore in order to cut down cost was the trend across the industry a few years ago, now the trend is, or apparently has been, to India since Singapore's cost level has shot up to near high from a mere medium a few years ago.

With that said, Singapore has the advantage of being SEA financial center, and there're growth potentials in spaces like commodities business, hence we are likely to see more trading desks being set up here.

It's been a tough time for this industry.

It was set up to do all the dirty work which the brits didnt bother to do, and cost effectiveness was the key. It was just like a separate entity, a third party who takes care of the BAU activities if you like, many of the Ldn colleagues didnt even know there was such an entity called GSDC or what the hell it was there for.I dont believe there was any key projects initiated by GSDC which went global, it was always the other way around. Btw, GSDC is no longer in existence, the IT teams have been business aligned, for the better or for the worse.