An important resource for the dynamic banking and financial industry, providing a definitive list of banks, financial institutions in Singapore.

NEWS

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Banking veteran Mukhtar Hussain to become HSBC (Singapore) chairman and director

Singapore

HSBC BANK (Singapore) has appointed Mukhtar Hussain as its chairman and director effective Oct 17, as the locally incorporated arm of The Hongkong and Shanghai Banking Corporation seeks to capture Asean business and deepen Singapore's role as a partner in the Belt and Road Initiative.

Mr Hussain, a HSBC veteran who joined in 1982, has been the head of Belt and Road Initiative ...more

Connecting clients to Asean and BRI, the StanChart way

AS global banks ride Asean's heady growth and China's Belt & Road Initiative (BRI) projects, Standard Chartered's regional head Judy Hsu has her work cut out for her. What will help Ms Hsu - who took on the post of StanChart's regional chief executive, Asean and South Asia (ASA) on June 1, 2018 - was her former role as the bank's Singapore CEO.

Singapore is the second biggest contributor to ...more

Who will be winner in e-payments: banks, independents or telcos?

OVER the next 18 months one of the more noticeable ways in which technology will impact daily life in Southeast Asia will be the means by which we pay for things. We will make fewer payments with cash and cheques and spend less time visiting bank branches and ATMs.

Instead, we will be swiping plastic cards, scanning QR codes and transferring money to friends and merchants with a couple of ...more

Julius Baer primes for second M&A wave in private banking

Singapore

JULIUS Baer, ranked the fifth-largest private bank in Asia, expects consolidation in the private-banking market in the next three years, as competing players buckle under the strain of costs and call it quits, said its top executive.

Speaking to The Business Times in Singapore, Bernhard Hodler, the bank's chief executive, said what sets the incoming second wave of mergers ...more

VP Bank safely ahead of the game

Singapore

TEN years ago, Liechtenstein-based VP Bank received a licence from the Monetary Authority of Singapore (MAS) in June to establish a new bank in the city-state. Shortly after, on Sept 15, Lehman Brothers filed for the largest bankruptcy in US history, sending the global financial world crashing and subjecting the boutique bank's business model to its greatest stress test.

Fortunately, ...more

Singtel launches network for roaming mobile wallets in Asia

SINGTEL looks to set itself apart in an increasingly crowded space by coming in to unify mobile wallets for cross-border use, tapping on an estimated US$3 billion opportunity for telcos advancing into e-payments.

Singapore's largest telco on Tuesday launched VIA, its cross-border mobile payment alliance, with its regional associate AIS and Kasikornbank, Thailand's largest digital bank.

Singtel ...more

Remodelling Singapore's wealth management industry

PRIVATE wealth in Asia is growing and will continue to grow. Over the next twenty years, Asia will also see inter- generational wealth transfers taking place on unprecedented magnitudes.

With the increasing digitalisation of the lifestyles of Asia's well-heeled, there has been a corresponding rise in expectation on their wealth advisers to provide personalised financial advice and solutions ...more

New framework to take Singapore funds industry to new level

SINGAPORE passed into law on Monday a new type of entity - the Variable Capital Company - that will be a game changer for the Republic's fast-growing fund management industry.

The Variable Capital Companies (VCC) Bill, approved by Parliament on Monday, aims to boost the fund management ecosystem by encouraging funds to both incorporate and operate in Singapore, placing the Republic in the ...more

Global banks in Singapore ride regional growth, BRI moves

Singapore

AS Asean infrastructure and China's Belt and Road Initiative (BRI) projects take off, experienced bankers are in demand as Singapore-based global banks move to seize the opportunities.

A recent report by recruitment consultant Hays Singapore said corporate and institutional banking is flourishing in Singapore as banks play a crucial role in financing BRI projects and heady ...more

OCBC banks on mobile-first strategy to grow Indonesia market share

Singapore

OCBC Bank is ramping up its digitalisation efforts in Indonesia in a bid to capture a larger share of the market.

It will use a mobile-first strategy and collaborations with partners from various sectors to increase accessibility to their services and deepen customer engagement, said OCBC in response to queries from The Business Times.

According to OCBC NISP - the ...more
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