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

Singapore

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

Singapore

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

Singapore

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

Singapore

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

Singapore

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

AIA Singapore to pay out S$494m in policy bonuses for 2018

Singapore

BUOYED by strong investment performance, AIA yesterday said it will pay out S$494 million in bonuses for participating (par) policies for 2018.

Some policies will have higher annual or terminal bonus or dividend rates, and others will be maintained at the current scale.

More than 70,000 policies will benefit from a bonus scale increase, with an average increase ...more

Maybank Kim Eng aims to be top investment bank in Asean

Singapore

AFTER becoming the top global trader in Islamic bonds, Maybank Kim Eng now wants to be the region's top investment bank.

"I want to guide the bank to be the leading investment bank in Asean," said Maybank Kim Eng's chief executive John Chong in a recent interview.

And the investment bank's top executive aims to achieve it by helping Asean clients access capital ...more

Local banks need to match S'pore's green push

AS Singapore designates 2018 to be the Year of Climate Action, there has been much talk about how the country can play a role in leading the fight against climate change. The government has received some 70,000 pledges, including some by companies pledging to reduce the use of paper cups.

The real lever of change in this movement, however, lies with the financial sector - one that has influence ...more

Foreign banks are back. Are Singapore banks doing enough?

FOR the past decade it has been quite a breeze for Singapore's three banks to expand in the region and cement further their dominant position at home as international banks shrank their Asian operations in order to rebuild their capital following the Global Financial Crisis.

Starting with DBS, and later OCBC Bank and United Overseas Bank, the three expanded their trade finance business and ...more
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