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News in Brief - Caproasia Online

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Top Headlines in the Last 7 Days 

(28th Aug – 3rd Sept 2017)

No. 1 AIA Singapore Launches AIA Financial Advisors

AIA Singapore launches AIA Financial Advisers (AIA FA), a financial advisory firm.  AIA FA will be led by Mr Tan Chuan How, a 19-year veteran who has played a key role in growing and developing AIA Singapore’s tied Agency distribution channel.
He has held several key roles at AIA Singapore including being Head of Recruitment, Head of Investment-Linked Policies Business and most recently Senior Director of Agencies at AIA Singapore, where he was responsible for driving the Agency force to sales excellence. Learn More …

No. 2 Retired Stockbroker Takes Credit Suisse to Court for $26 Million Loss

Credit Suisse is being sued by Mr Koh Kim Teck, aged 63 and retired stockbroker, for breaching its duties to manage his private wealth account with care.
During the 2008 financial crisis, he had incurred $26 million of investment losses.  Learn More …

No. 3 Cazenove Capital is Renamed to Schroders Wealth Management in Asia

Schroders has renamed its Wealth Management business in Asia, from Cazenove Capital to Schroders Wealth Management.
Schroders Wealth Management globally manages $56.6 billion of assets for private clients and charities with offices in Europe and Asia.  Learn more …

No. 4 Northern Trust Appoints Yen Leng Ong as Country Head Singapore & Head of Southeast Asia

Northern Trust has appointed Yen Leng Ong as Country Head Singapore and Head of Southeast Asia.
Effective 1 December 2017, she will be responsible for leading Northern Trust’s asset servicing business activities and driving the growth of key business lines including asset management and capital markets across the South East Asia region.  Learn More …

No. 5 LGT Hires John Cheng as Director of Managed Solutions

LGT has hired John Cheng as Director of Managed Solutions, Private Banking in Hong Kong.
John was previously from Union Bancaire Privée (UBP), where he was the Director of Multi-asset and Managed Products in North Asia. Learn More …

No. 6 Pictet Reports CHF 1.17 Billion Profit in 1st Half 2017

Pictet reported CHF 1.17 billion profit in 1st half 2017, increasing from CHF 1.03 billion in 1st half 2016.
The group also reported an increase of Assets under Management (AUM), rising from CHF 462 billion (31st Dec 2016) to CHF 479 billion (30th June 2017).  Learn More …

No. 7 LGT Reports CHF 151.8 Million Profit in 1st Half 2017

LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, reported CHF 151.8 million profit in the 1st half 2017.
Assets under Management rose by CHF 28.9 billion to CHF 181 billion  (+19%) as LGT completed the acquisition of ABN AMRO private banking business in Asia and the Middle East in April 2017 and the acquisition of European Capital Fund Management (Private Debt Manager).  Learn More …


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