Top Headlines in the Last 7 Days
(10th – 16th Jul 2017)
No. 1 Ex-BSI Banker Sentenced to 54 Months in Jail
Yeo Jiawei, a former BSI banker was sentenced to 54 months in jail. He admitted to charges including money laundering and played a role in transactions involving 1MDB and made secret profits on the side.
The latest sentence handed to the banker will mean that Yeo faces a total of 84 months in jail after he was sentenced to 30 months jail for trying to hamper investigations. Learn More …
No. 2 Aberdeen Asset Management Launches 5 New Funds in Singapore
Aberdeen Asset Management has launched five funds including multi asset funds simultaneously for sale to the public in Singapore.
The five funds are also the group’s first Luxembourg-domiciled funds to be available direct to retail investors in Singapore. Learn More …
No. 3 Bing Chen Appointed as CEO of BNP Paribas (China) Limited
BNP Paribas has appointed Bing Chen as CEO of BNP Paribas (China) Limited, effective immediately.
He will lead the growth by focusing on synchronizing client expansion, investing in product development, and strengthening market leader position to best serve clients’ needs across regions and business lines. Learn More …
No. 4 DBS Private Bank Appoints Head of Portfolio Counselling & Product Strategy
DBS Private Bank has appointed John Ng as the Head of Portfolio Counselling & Product Strategy.
This role is a newly created function and John will provide strategic portfolio advice and formulate model portfolios to cater to the various market segments. Learn More …
No. 5 Indosuez Wealth Management Signs Agreement for Acquistion of Credit Industriel et Commercial (CIC)
Indosuez Wealth Management has reached an agreement with CIC to acquire the private banking operations in Singapore and Hong Kong after both parties entered into negotiations on 16th June 2017.
After completion of the transaction, Indosuez will have AUM of 14 billion US dollars in Asia. Learn More …
No. 6 UBS Asset Management Granted License in China
UBS Chinese asset management has been granted a license in China to manage money for institutions and wealthy investors onshore in China.
The license allows UBS Asset Management (Shanghai) Limited to offer onshore fixed income, equity, and multi-asset private funds to institutional and high net worth investors in China. Learn More …
No. 7 Charles Monat Appoints Hong Kong Chief Executive Officer
Charles Monat Associates (collectively known as “CMA” or “Charles Monat”), today announced that it has appointed Berry Wong for the role of Chief Executive Officer in Hong Kong effective from 18 August 2017.
Berry will join the Operational Committee in order to enhance the firm’s product and service offering for high net worth clients in Hong Kong. Learn More …
No. 8 ANZ in Deal to Sell AmBank Stake for US$900 Million
Australia and New Zealand Banking Group is near a deal to sell its Malaysian banking stake to a pension fund and exit Malaysia. The transaction could be potentially worth around US$900 million.
No. 9 UBS Enlists Professional Tennis Player Maria Sharapova
UBS is forming an advisory panel which includes tennis player Maria Sharapova to monitor on its progress in the Swiss bank’s Unique programme.
The UBS Unique Programme aims to generate “tens of billions” of dollars of revenue growth over the next five years by increasing the number of female clients it advises. Learn More …
No. 10 AXA Investment Managers (IM) Appoints New Global Head of Sales
AXA IM has appointed Franciso Arcilla as Global Head of Sales.
He will be in charge of the coordination of all local and regional sales and client services team ensuring consistency of messaging and sales efforts and the successful execution of AXA IM’s global and local business development strategies. Learn More …
Jul 2017 Headlines