Diary – 8 October 2011

This is not the best time to move from East to West. The thought occurs to me as I sit in a British bank, at its Westminster branch no less, waiting to open my first UK account. The procedure takes two hours, stretched across two appointments over two days. In the same period of time, a bank in Singapore — my home for the past 20 years — would not only have set up an account, but offered the customer five credit cards and a housing loan. When international investors like Jim Rogers say Asia is the future because things just move faster there, there’s some truth in it.

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I’ve come to London for postgraduate study. It was not the easiest decision to make, hauling myself, mid-career, from Asia to Europe. Especially when so many others are travelling in the other direction. In Singapore, it seemed that every day brought a new planeload of expats, many of them British, all looking for higher bonuses and lower taxes.