Capital markets platform iSTOX appoints ex-MAS deputy director as head of compliance

CAPITAL markets platform iSTOX has appointed a former deputy director at the Monetary Authority of Singapore (MAS) as its head of compliance.

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Singapore clings on to third place in FX trading race, survey finds

THE recent carry trade activities linked to the Hong Kong dollar – an arbitrage via the selling of a lower-yielding currency for a higher-yielding one – has led in part to Singapore being trailed ever…

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HSBC hires Philip Lee as S-EA vice-chairman for global banking franchise

HSBC on Monday said it has appointed banking veteran Philip Lee as vice-chairman, South-east Asia, for its global banking franchise.

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HSBC hires banking veteran Philip Lee as S-E Asia vice-chairman

HSBC on Monday announced the appointment of banking veteran Philip Lee as vice-chairman, South-east Asia, for its global banking franchise.

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Integrated Shield scheme insurers nursing their results back to health

INSURERS in the Integrated Shield scheme (IP) significantly improved their underwriting results in 2018, despite maintaining still-predominantly loss-making health portfolios.

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Can banks survive negative rates?

THE declining economic outlook and increasing political pressure are pushing central banks into more aggressive unconventional monetary policies.

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Franklin Templeton appoints Dora Seow as Singapore country head

AMERICAN asset management firm Franklin Templeton has appointed Dora Seow its country head for Singapore, effective Oct 1.

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UBS to review businesses as recession test looms for industry

THE world’s largest wealth manager UBS is actively reviewing certain sectors or geographies in which the bank has exposure in this region. However, its focus now is not on cutting, but on slowing the pace…

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Overseas exposure to be key driver of bad loans for Singapore banks

SINGAPORE banks’ overseas exposure will be a key source of their non-performing loan (NPL) growth from the “inflexion point” of Q2 this year, based on an analyst’s study on NPL factors using machine-learning algorithms.

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DBS aims for wealth business to hit S$300b AUM by 2023

DBS is gunning for a 7 to 8 per cent annual growth in assets under management (AUM) over the next couple of years, bringing its current AUM base of about S$234 billion to S$300 billion…

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Economic uncertainties worry more rich Asians than their Western peers

THE ongoing US-China trade war and the murky economic outlook appear to be keeping Asia’s rich awake at night – at least, more so than their peers in the West.

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DBS helps China SMEs get faster access to financing

DBS Bank on Wednesday launched its first multi-tier financing facility on a logistics blockchain platform to help small and medium-sized enterprises (SMEs) in China get faster access to trade financing.

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UOB to groom 50 next-generation entrepreneurs in new programme

UNITED Overseas Bank (UOB) will bring 50 next-generation Asian business leaders to China in November, for them to explore opportunities and connect with business leaders there.

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Business insurer QBE appoints Ronak Shah as Singapore CEO

BUSINESS insurance specialist QBE Insurance Group on Wednesday named Ronak Shah as its Singapore chief executive officer (CEO).

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More crazy-rich Asians consider ESG factors when investing: poll

IT appears that there is more to crazy-rich Asians than blatant consumerism after all, if a new study from Royal Bank of Canada (RBC) Wealth Management is anything to go by.

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UOB launches initiative to help next generation leaders of Asia’s family-led firms

UNITED Overseas Bank (UOB) will bring 50 next generation Asian business leaders to China in November this year, for them to explore opportunities and connect with local business leaders for knowledge sharing and collaboration.

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Ex-GIC president Lim Siong Guan joins Razer’s fintech arm as advisory board member

RAZER Fintech, the financial technology arm of gaming hardware manufacturer Razer Inc, has appointed Lim Siong Guan as an advisory board member.

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Lim Siong Guan joins Razer’s fintech arm as advisory board member

RAZER Fintech, the financial technology arm of gaming hardware manufacturer Razer Inc, has appointed Lim Siong Guan as an advisory board member.

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