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Caproasia Online Logo 1 Square 400 by 400Top Headlines in the Last 7 Days 

(14th – 20th Nov 2016)

No. 1 Credit Suisse Hires Banker in China Onshore Private Bank

Credit Suisse has hired Ex-RBS banker Rick Meng as head of China onshore private banking. The hiring is part of Credit Suisse’s strategy to develop China onshore wealth management business by leveraging on its Shanghai branch and Hong Kong private banking platform. Learn More …

 

No. 2 EFG International Completes Operational Integration of BSI Singapore

EFG International has completed the operational integration of BSI Singapore by the way of an asset deal.

The transfer of business has been migrated and it includes client relationships, employees and a review of clients was done in conformity with regulations. Learn More …

 

No. 3 Schroders Appoints Head of Fixed Income & Foreign Exchange Trading in Asia

Schroders has appointed Sok Mun Wong as Head of Fixed Income & Foreign Exchange Trading for Asia. She was previously from Tudor Capital where she was the Head of Singapore Execution team.

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She has also worked in The Rohatyn Group, ABN AMRO Private Bank and Black River Asset Management. Learn More …

 

No. 4 Eastspring Investments Appoints New CIO

Eastspring has appointed asset management veteran Virginie Maisonneuve for the role of Chief Investment Officer.

She will be in charge of managing all the investments at the firm including the equity, fixed income, asset allocation, private equity, infrastructure and onshore investment offerings.  It will be made effective on 11th January 2017. Learn More …

 

No. 5 HSBC Private Bank to Open Office in Australia

HSBC Private Bank will be opening an office in Australia. It is targeting clients with AUD$10 million in bankable assets.

The bank will be working for family offices, business owners and C-Suite executives from companies with relationships in HSBC’s commercial and global banking business. Learn More …

 

No. 6 Pinebridge Appoints Chief Operating Officer in Asia

Pinebridge Investments has appointed Jennifer Theunissen as Chief Operating Officer in Asia. She has more than 18 years of experience in financial services and has worked at Deutsche Asset Management in Hong Kong where she was the Chief Operating Officer Asset Management APAC.

She will report to the Global Chief Operating Officer and Asia Chief Executive Officer. Learn More …

 

No. 7 ABN Amro to Cut Jobs

ABN Amro is said to cut its workforce by another 1500 jobs. This was announced together with its third quarter earnings report. This round of cuts is in addition to the redundancies which were announced in September.

ABN Amro which is undergoing privatisation has said that the job cuts will be able to generate EUR 400 million in savings for the bank. Learn More…

 

No. 8 Credit Suisse Appoints Head of Real Estate Investment Management Asia Pacific

Credit Suisse has appointed Chris Chiang to grow its current real estate portfolio and search for investment opportunities in the region for Credit Suisse Real Estate Investment Management’s direct investment vehicles and Ultra High Net Worth clients.

He was formally from CBRE Capital Advisors Asia Pacific where he was a senior director. Learn More …

 

No. 9 Silverdale Bond Fund & India Equity Fund Awarded by AI Hedge Funds

Silverdale Capital Pte Ltd, a Monetary Authority of Singapore licensed fund management company announced that its Silverdale Bond Fund has been awarded “Best US Dollar Bond Fund ( 3 years)” by AI Hedge Funds, sponsored by Barclay Hedge for its consistent superior risk adjusted returns.

The Silverdale India Equity Fund was also awarded “Best India Equities Low Volatility Fund ( 3 Years)”. Learn More …

 

No. 10 Malaysia Demands Foreign Banks to Commit to Stop Offshore Ringgit Trading 

Foreign banks have been asked to commit to Malaysia’s central bank to stop trading the ringgit in offshore non deliverable forwards market to protect the declining currency.

Financial institutions have been asked to provide a detailed plan to the central bank when they need to make the transactions onshore. Learn More …

 

Credits: Finews Asia, Reuters, Eastspring Investments Press Release, Schroders Press Release, EFG Press Release, Australian Financial Review



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