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


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Singapore banks' offshore expansion a mixed bag

With Singapore the chair of Asean this year, there'll be more than usual regional news in the local media - in particular on its neighbours' vibrant economies. Alongside a relentless stream of stories on China's Belt and Road Initiative, investors will be constantly reminded of the vast opportunities in Asia.

How have the three local banks fared in tapping the region's rich seams of burgeoning ...more

Temasek unit to open private equity door for retail investors


TEMASEK subsidiary Azalea Investment Management is working to open up access to private equity (PE) investments for retail investors.

Access is likely to be made possible through an asset backed security - that is, a bond instrument collateralised by a diversified portfolio of PE funds.

Azalea pioneered a similar structure here in 2016 when it launched Astrea III, ...more

Lombard Odier and Bank Mandiri to offer onshore private bank services


SWISS private bank Lombard Odier has teamed up with Indonesia's largest bank Bank Mandiri to offer onshore wealth management products.

Last week, Lombard Odier said it has inked a strategic agreement with state-controlled Bank Mandiri, further expanding its Asia footprint to offer risk-based investment solutions and wealth management expertise.

Bank Mandiri is Indonesia's ...more

'Insurtech' will transform insurance, but pace of adoption is slow

INSURANCE is a sector that experts widely believe is "ripe for disruption'' for a few reasons. It is heavily reliant on data. Its cost base is high which suggests inefficiencies.

Distribution costs plus operating costs take up a significant chunk of annual premiums. It remains heavily reliant on face-to-face sales, even though a number of insurers are in the process of digitising parts of ...more

NTU launches new master's programme for asset and wealth management


NANYANG Technological University (NTU) is launching a new postgraduate programme in asset and wealth management, with classes conducted not just in Singapore but also in the financial hubs of London and New York.

The inaugural intake for the new Master of Science in Asset and Wealth Management will be in January 2019, with a second cohort in July 2019. Students can complete ...more

UOB teams up with China fintech to grow credit assessment in SE Asia


UNITED Overseas Bank (UOB), which has the largest South-east Asia network of the three Singapore banks, has tied up with an emerging Chinese fintech firm to tackle the under-banked market of South-east Asia.

This is likely the first such collaboration for a regional bank, and is the first in a series of digital initiatives to be launched by UOB this year.

UOB on ...more

ICBC Singapore to launch investment banking services


THE Industrial and Commercial Bank of China's Singapore branch (ICBC) is launching investment banking services here. This comes as the bank's branch received accreditation as an issue manager from Singapore Exchange (SGX).

Geng Hao, deputy general manager of ICBC Singapore, said in a media release that the bank's initial focus will be on real estate developers and property ...more

Asia focus fuels growth for Credit Suisse


AN "empowered Asia" strategy is paying dividends for Credit Suisse's private banking business in the Asia-Pacific.

Assets under management in 2017 rose 18 per cent to a record 196.8 billion Swiss francs (S$270 billion), and net new assets grew 24 per cent to 16.9 billion Swiss francs. These were achieved on the back of a reduction in the number of relationship managers, ...more

Focus on investment grade the key in bonds: DBS banker


IT'S been a rough first quarter for bond markets, but focusing on investment grade and familiar names has gotten DBS Bank over the line, said a relieved Clifford Lee who heads the bank's fixed income business.

Among the many deals DBS has done so far, they include the mega transactions of S$1.5 billion for the Land Transport Authority of Singapore and S$1.5 billion for HDB.

"We ...more

Consolidation spells opportunity for UBP

CONSOLIDATION in the wealth management industry does not faze bankers at Union Bancaire Privee (UBP). At a time when larger private banks might be looking to shrink costs, UBP would likely have its feelers out, attuned to opportunities to grow.

Says Michael Blake, UBP chief executive for Asia: "UBP has been seen as a consolidator in Asia and Europe. We've done four acquisitions in the last ...more
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