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

(20th – 26th Feb 2017)

 No. 1 HSBC Singapore Appoints New CEO 

HSBC has appointed Tony Cripps as the Chief Executive Officer of HSBC Singapore with effect from 3rd April 2017. He will be succeeding Guy Harvey-Samuel who retires from HSBC after more than 38 years of service with HSBC.

Mr. Cripps is the Chief Executive of HSBC Australia since 2013 and has been in several leadership positions. Learn More …


No. 2  Franklin Templeton Investments Appoints Southeast Asia Head

Franklin Templeton Investments has appointed Adam Quaife as Regional Head of Southeast Asia and Co-CEO of Singapore with effect from 17th February. Adam will be in charge of leading the retail and institutional distribution channels across Southeast Asia.

Adam was previously responsible for leading and developing the company’s retail and institutional businesses in central and eastern Europe and the Middle East. Learn More …


No. 3 Bank of Singapore Opens Branch in Middle East


Bank of Singapore has opened the branch in Dubai International Financial Centre. (DIFC) The branch is led by senior banker Kirit Chauhan and is supported by 75 employees.

The bank will target ultra high net worth clients, those with liquid assets of US$30 million and above. Learn More …


No. 4 Ex-Forex Traders Sentenced to Jail

Former currency traders from Deutsche Bank AG & HSBC Holdings were sentenced to jail term for as long as 15 weeks after they were found cheating the banks by making false trades.

Both dealers were convicted in January for using the banks accounts in 2009 to obtain preferential rates on the dollar. Learn More …


No. 5 Insight Investment Appoints Head of Adviser Distribution

Insight Investment, a A$893 billion global investment manager, part of BNY Mellon Investment Management has appointed Rob Thompson as Head of Adviser Distribution.

Rob was from previously from PM Capital and has held senior adviser distribution roles at Perpetual and Macquarie Bank. Learn More …


No. 6 BNY Mellon Investment Management Appoints Director of Institutional Business, Australia

BNY Mellon Investment Management has appointed Denis Gambi as Director of Institutional Business, Australia.

He will be in charge of the institutional, corporate, government and ultra high net worth segments and provide investment solutions from BNY Mellon’s investment classes. Learn More …


No. 7 Legg Mason Names New Head of Marketing

Legg Mason has appointed Felicity Nicholson as Head of Marketing in Australia and New Zealand. She will be in charge of strategic marketing and communications programs for Legg Mason and its affiliates in Australia and New Zealand.

She was previously from Hastings Asset Management and was responsible for brand management as well as development and executing the marketing and communications strategy globally. Learn More …


No. 8 Offshore Centres Set to Benefit from Islamic Finance Growth 

Ogier’s Head of Banking and Finance in Asia, Anthony Oakes says that offshore centres are set to benefit from growth forecast in Islamic finance over the next few years.

The appetite for Islamic finance products, new variations on products and an increased interest in the role of offshore centres in Islamic finance lead to a area with huge potential. Learn More …


No. 9 UOB Reports 2016 Results 

UOB reported net earnings of S$3.10 billion for 2016, 3.5% lower than 2015. Total income was stable at S$8.06 billion.

In the fourth quarter of 2016, UOB reported a net profit of S$739 million in comparison to S$788 million a year ago, which is 6.2% lower than the fourth quarter of 2015. Learn More …


No. 10 HSBC Announces 2016 Results 

HSBC’s announced a 62% drop in pre-tax profits for 2016 due to one time charges and uncertainties caused by significant and largely unexpected economic and political events. Profits before tax in 2015 was $18.87 billion and has declined to $7.1 billion.

HSBC now makes most of its money outside UK, with Asia attributing for the majority of its global pre tax profits. Learn More …


Credits: finews asia, UOB Press Release, Reuters, Ogier Press Release, Legg Mason Press Release, Bloomberg, BBC, HSBC Press Release

February 2017 Headlines

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