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Top Headlines in the Last 7 Days 

(4th – 10th Dec 2017)

No. 1 Deutsche Bank Wealth Management Hires 6 Private Bankers in Singapore

Deutsche Bank Wealth Management (WM) has hired 6 Private Bankers to cover clients in Southeast Asia, including Group Head Jonathan Ng from BNP Paribas and Team Lead Gregory Goh from Nomura.

The first team of four us led by Group Head Jonathan Ng, reporting to Kin-Mun Kwong, Head of WM Coverage for Southeast Asia.  The second team of two is led by Gregory Goh, reporting to Malcolm Tay, Group Head of Southeast Asia for WM. Learn More …

 

No. 2 Indosuez Wealth Management Completes Acquisition of CIC Private Bank in Singapore and Hong Kong

Indosuez Wealth Management has completed the acquisition of CIC Private Bank in Singapore and Hong Kong on the 2nd December 2017.

With the acquisition, the total AUM in the region increases to EUR 12 billion while the total no. of employees in Asia increases from 250 to more than 400.  With the acquisition of CIC, Indosuez will also add a 24-hour execution platform to its offering.  Learn More …

 

No. 3 EFG Appoints Ex-Credit Suisse APAC Vice-Chairman Tee Fong Seng to Chair Advisory Board for Asia

EFG has appointed Mr Tee Fong Seng to chair EFG’s Advisory Board for Asia, which will be established by end-2017.  The new Advisory Board will provide guidance and expert advice to support the bank’s growth strategy in Asia.

Fong Seng joins from Credit Suisse, where he was the Vice Chairman Private Banking in the Asia Pacific region. From 2013 to 2016, he had served as Chief Executive of Credit Suisse’s Hong Kong Branch and Head of Market Greater China. He was also the chair of the Wealth Management Steering Committee at the Institute of Banking and Finance Singapore (IBF) between 2007 to 2013. Learn More …

 

No. 4 Fullerton to Manage NTUC Income AUM of S$23 Billion, NTUC Acquires Minority Stake in Fullerton

Fullerton Fund Management and NTUC Income have entered into a strategic partnership.  Fullerton Fund Management will be the investment manager of NTUC Income with AUM of S$23 billion while NTUC Income will acquire a minority stake (new share issuance) in Fullerton Fund Management under the strategic partnership.

The strategic partnership will establish Fullerton as one of the largest Singapore-owned asset management with AUM increasing to over S$40 billion.  Temasek remains the majority shareholder.  Learn more …

 

No. 5 Aviva Investors Hires Adeline Ng as Head of Fixed Income from BNP Paribas

Aviva Investors has hired Adeline Ng as Head of Asian Fixed Income.  She will report to Dan James, Global Head of Fixed Income.

Adeline joins from BNP Paribas Asset Management where she was the Head of Asian Fixed Income.  Prior she was with John Hancock International and OUB Asset Management.  Alice Wu has also joined Aviva from BNP Paribas Asset Management as an Analyst reporting to Adeline Ng. Learn More …

 

No. 6 HK Listed Financial Advisory Firm Convoy Applies for Trading Halt, 3 Directors under Investigations

Hong Kong listed financial advisory firm Convoy has applied to The Stock Exchange of Hong Kong for a voluntary trading halt from 11:04 a.m. on 7th December 2017 for investigation by authority on 3 of the companies’ Executive Directors.

The 3 Executive Directors, Mr. Wong Lee Man, Ms. Fong Sut Sam and Ms. Chan Lai Yee, complying with standard protocol, have been suspended for duties and have been arrested by the Independent Commission Against Corruption.  Mr. Ng Wing Fai, an executive director of the Company, will act as Interim Chairman of the Board.  Learn more …

 

No. 7 Old Mutual International Hires Sales Specialist Bryan Pee to Focus on Singapore’s HNWI Market

Old Mutual International, part of Old Mutual Wealth, has hired sales specialist Bryan Pee. The new role has been developed to focus on high net worth individuals (HNWI) and to expand Old Mutual International’s reach in Singapore.

Bryan Pee joins Old Mutual International from Bank of China where he gained experience in product, distribution and proposition design. Prior, he was with Zurich International Life where he focused on the Bancassurance channel and the affluent and high net worth markets. Learn More …

 

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