News

  • 21
    Dec

    Job loss insurance not a panacea for impact of economic disruption

    The Business Times

    EVERY now and then when jobs are threatened, now more so with robotics making some jobs redundant, the idea that Singapore should have wage loss insurance programmes to protect workers from a sudden job loss or retrenchment resurfaces. Currently, most… More

  • 21
    Dec

    Life insurers ride on bullish markets to sustain reserve ratios

    The Business Times by CLAIRE HUANG

    Singapore LIFE insurers here have gained from the bullish global markets in 2016, with most of the 10 major players remaining able to at least pay out any non-guaranteed bonuses linked to participating or Par products. And they expect 2017 data, out… More

  • 21
    Dec

    Upbeat forecast lends hope of better returns for insurers

    The Business Times by CLAIRE HUANG

    Singapore LIFE insurers here will be keeping their fingers crossed that the current robust investment climate extends into 2018 in order to generate better returns for their participating or Par funds, following what economists described as a "Goldilocks"… More

  • 13
    Dec

    Citi Private Bank names four bankers to new roles

    The Business Times by YASMINE YAHYA

    Singapore CITI Private Bank has appointed four senior bankers to newly created leadership roles following the retirement of Asia-Pacific chief executive officer Bassam Salem in October. The bank said in a statement on Tuesday that it has named Steven… More

  • 12
    Dec

    Banks sing auld lang syne amid existential question: what is a bank?

    The Business Times by JAMIE LEE

    Singapore THREE years ago, McKinsey took the view that while fintechs would hurt the margins of global banks, banks would be able to stand their ground in holding on to customers. But in its latest annual report assessing banks, the global consultancy… More

  • 08
    Dec

    Wealth managers to be prepped for future with training

    The Business Times by VIVIEN SHIAO

    Singapore WEALTH managers here will soon get a boost in their efforts to become future-ready, with Nanyang Technological University (NTU) seeking to develop Singapore's finance and wealth management expertise. It will do this through its Wealth Management… More

  • 07
    Dec

    Banks mine employees for bright ideas

    The Business Times by JAMIE LEE

    Singapore SINGAPORE banks are trying new ways to tap the creative juices of their employees, amid the threat of large fintechs that are more nimble than the traditional institutions. With stifling bureaucracy being a big deterrent, banks have tried… More

  • 07
    Dec

    Deutsche Bank wealth arm hires 6 S'pore RMs

    The Business Times by ANN WILLIAMS

    Singapore GERMAN lender Deutsche Bank announced on Wednesday a series of new hires to its wealth management unit in Singapore to support its growth strategy in Asia, including six relationship managers from rival firms to cover clients in South-east… More

  • 06
    Dec

    Fintech transforming banking, finance: Experts

    The Straits Times by LIM YAN LIANG CHINA CORRESPONDENT IN WUZHEN

    From meeting the credit needs of a farmer in Jiangsu to those of a start-up being run out of a San Francisco garage, leaders of fintech companies yesterday discussed how technology and data have changed the way banking and finance work. Technologies… More

  • 06
    Dec

    Veteran private banker to chair EFG International's advisory board for Asia

    The Business Times by VEN SREENIVASAN

    Singapore VETERAN private banker Tee Fong Seng is set to take over as chair of EFG International's advisory board for Asia, which will be set up later this month, the Zurich-based private bank announced on Monday. It added that it will put up Mr Tee… More