HSBC Singapore Enhances Parental Leave to provide greater support for parents
With effect from 1 September 2023, maternity leave will be extended to 26 weeks, a substantial increase from the current 16 weeks, and paternity leave will increase to 8 weeks of leave, up from the current 2 weeks.
Mukul Anand, Head of HR at HSBC Singapore, said, “At HSBC, we are committed to creating an inclusive environment for our people and to provide them with the support they need throughout this exciting and important phase of parenthood. With the ever-changing needs of our workforce, we must continue to review and enhance our policies to ensure that we are building an inclusive workplace where our employees can thrive at home and at work.”
Media enquiries to:
Andrew Low | +65 9658 3441 | andrew.low@hsbc.com.sg
About HSBC Singapore
HSBC opened its first branch in Singapore in 1877. A qualifying full bank serving international needs of individual, corporate and institutional clients, HSBC in Singapore offers a comprehensive range of banking and financial services including retail banking and wealth management; commercial, investment and private banking; insurance; forfaiting and trustee services; securities and capital markets services. It was recognised by Asiamoney as “Best International Bank in Singapore” in 2022.
About HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of US$2,990bn at 31 March 2023, HSBC is one of the world’s largest banking and financial services organisations.