Early on, remisiers occupied a distinctive position. Conjoined as they are with their respective brokerages, they operate with a high degree of autonomy and have been directly responsible for client relations and credit risk long before risk management became formalised. “This independence fostered entrepreneurship and close client ties, but also exposed practitioners to uneven practices and systemic vulnerabilities — underscoring the need for shared standards and collective representation,” reads the society’s (SRS) remarks in the book.
The Society of Remisiers (Singapore) marked its 40th anniversary on March 20 with a renewed push by the profession to adapt and maintain its relevance amid a much-anticipated recovery of the local stock market.
Remisiers, as a community, have for decades grown with Singapore’s market and economy, including, quite fondly, the “exuberance” of the better part of the 1990s. They have also experienced bleak moments — some of which were described in a commemorative book published for the occasion.
