Friday, January 29, 2010

Paul Lim appointed Head of Financial Institutions for Wholesale Banking Singapore

Standard Chartered Bank Singapore announced today the appointment of Paul Lim as the Head of Financial Institutions (FI), Origination Client Coverage, for Wholesale Banking Singapore. Paul takes over from Chew Kim Ling, who moves to Origination and Client Coverage, Southern Asia, after building a strong FI franchise in Singapore. Paul joins from Citibank where he was Head of Global Banking in Citibank N.A., Thailand. Prior to joining Citibank, Paul was with Corporate Banking at Overseas Union Bank Singapore. With more than 17 years of corporate banking experience, Paul’s experience encompasses Debt Capital market and Equitylinked Origination; Project Finance and Structured Finance Transactions; Corporate Advisory and Mergers and Acquisitions; Transactional Banking services and Treasury and Risk management.

Financial Institutions are a key and leading client segment for Standard Chartered Bank in Singapore where the FI business has grown by four times over the past five years. Paul’s responsibilities will include driving the strategy for and growing the FI client portfolio of Wholesale Banking Singapore. Paul will report to Philippe Touati, Head of Origination and Client Coverage Singapore and Ranjan Ghosh, Regional Head of Financial Institutions.
On the appointment, Philippe Touati, said:

“We are excited to have Paul on board as we build on the strength of the team driving our ambitious Wholesale Banking growth plans in Singapore. Financial Institutions are a strategic client group for us. Paul’s experience will be valuable as we look to bring the business to the next level.”

Saturday, January 2, 2010

Statement by the UN High Commissioner for Human Rights, Navi Pillay, on International Migrants’ Day

“Stop treating migrants as second-class human beings” – UN human rights chief


“In recent years, migrants – including people who may be refugees – are reported to have been shot dead by security forces, or dumped to die in the desert as they tried to cross borders in North

Africa. Hundreds more are believed to have died after being pushed back out into the Indian Ocean in boats without functioning engines. Many others die on a regular basis as they try to evade coastguard and naval vessels deployed by the world’s richer nations, or because they have been packed on unseaworthy vessels by ruthless smugglers who seem, in some countries, to operate with almost total impunity.” “Others are killed by landmines, die of exposure in remote mountain areas, or are raped or forced into bonded labour or prostitution in both developed and developing countries. In some countries, migrant communities have been forcibly rounded up by the authorities, or have had to flee for their lives as they are attacked by mobs, and seen their homes and businesses ransacked.”

“Despite the heavy toll, remarkably little attention is devoted to all these deaths and the chronic human rights violations of so many extremely vulnerable men, women and children.”

“The commonest reaction seems to be a collective shrug: the deaths are sad of course, but it’s their own fault for trying to enter other countries uninvited. The unmistakable conclusion is that many of us politicians, state authorities, media and the general public – view migrants, especially poor migrants, as second-class human beings, who are somehow not entitled to the same rights as the rest of us.”

“It is likely that this year’s International Migrants' Day will elicit token expressions of concern before we return to business as usual: keeping migrants out, blaming those in our countries already for some of

our social or economic problems – while at the same time readily exploiting them as cheap labour. The trend of criminalization of irregular migration and the use of detention to discourage more people
from coming are also likely to continue or get worse.”

“Such policies often violate the human rights of migrants and contribute to anti-migrant sentiments and xenophobia. Immigrants arriving irregularly in a new country are often detained as a routine procedure and at times without proper judicial safeguards. In addition, irregular migrants intercepted at sea, and others seized by law enforcement officials during raids, are increasingly facing violence, arbitrary detention and premature expulsion. Such actions rarely take into account the mixed character of migration flows, and often lack necessary measures to protect the most vulnerable amongst irregular migrants, such as unaccompanied children, asylum-seekers and victims of trafficking.”

“Migrants who reach their final destination often face severe discrimination in the fields of housing, education, health, work or social security. Laws discriminating – or allowing for discriminatory practices – against non-nationals, along with programmes and policies that fail to address specific needs and vulnerabilities of migrants, often result in them being unable to access basic services or only able
to do so at levels that do not meet international human rights standards.”

“International human rights law recognizes this heightened vulnerability of migrants, but here too the ‘collective shrug’ is having a noticeably negative impact.”

“The International Convention on the Protection of the Rights of All Migrant Workers and Members of their Families*, which offers the most comprehensive framework for the protection of the human rights of migrants, will celebrate the 20th anniversary of its adoption in 2010.

Unfortunately, few States will be attending the party, as it is one of the least respected human rights conventions, taking more than 12 years to gather the 20 State ratifications it needed to come into force (inJuly 2003), and picking up only a further 22 ratifications since then.

Of these, 17 are African States, 15 are from Latin America and the Caribbean, six from Asia, three from Eastern Europe and only one (Turkey) from the ‘Western group’ of nations, which includes Western
Europe, North America and Australasia.”

“I would urge those countries which have not yet ratified the Migrant Workers Convention, to consider doing so without further delay. While States have a right to place limitations on migration, and to institute systems to manage it, this does not mean they can treat migrants as second-class human beings, who deserve less protection than the rest of us.”