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StanChart Singapore names Patrick Lee as its new CEO

STANDARD Chartered Bank has appointed veteran banker Patrick Lee as chief executive officer of the bank in Singapore, it said on Monday. Mr Lee joined Standard Chartered in 2012, and his most recent position was head of global banking, Singapore, for which he will remain responsible until a successor is announced. The 46-year-old will be based in Singapore and will report to Judy Hsu, regional CEO, Asean and South Asia. Ms Hsu will hand over...


Net increase of 7,800 jobs in financial industry in last 2 years: MAS

THE number of net jobs created for Singapore's financial industry is set to exceed the 8,000 target by year end - and the nation is just halfway through its efforts to transform its financial industry. There was a net increase of 7,800 jobs in financial services and FinTech over 2016 and 2017, close to the target of 8,000 set under the five-year Industry Transformation Map (ITM) for the financial services sector, noted Ravi Menon, Monetary...


Insurance, asset management prospects with Belt and Road

BELT and Road's (BRI) potential to transform Asia's burgeoning infrastructure needs is well known but the opportunities for the insurance and asset management sectors - particularly in Singapore - are a little less understood. China's President Xi Jinping has described Belt and Road as "the project of the century" and, if delivered, the benefits will be immense to the recipient nations. In converting the BRI vision into a reality, China's major...


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