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Category: Finance

Retail Asia18/11/2021
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Finance

LGT Opens Private Banking Office in Japan

2min0
Liechtenstein-headquartered LGT opened a new wealth management office in Tokyo as part of its efforts to capture opportunities in Japan’s private banking market. Following regulatory approvals, LGT has opened a new office in the Okura Prestige Tower located in Tokyo’s business district, according to a statement. The unit will aim to provide bespoke wealth management […]
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Retail Asia18/11/2021
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Finance

UBS Officially Opens Singapore Office

2min0
Swiss banking giant UBS has opened its largest Asia Pacific office in Singapore, alongside the announcement of two new tech-related initiatives. UBS officially opened its Singapore office at 9 Penang Road yesterday in a ceremony that featured chairman Axel Weber, global chief executive Ralph Hamers, APAC CEO Edmund Koh and more. Fully running on renewable energy, the 400,000 square feet […]
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Retail Asia18/11/2021
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Finance

DBS Exec to Lead Carbon Credits Exchange

2min0
He was most recently DBS’ group chief sustainability officer, responsible for developing the bank’s sustainability framework and driving sustainability initiatives. Climate Impact X (CIX) has announced the appointment of Mikkel Larsen as chief executive officer, effective immediately, according to an announcement on Wednesday. Larsen has been interim CEO of the platform, a joint venture between DBS Bank, Singapore […]
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Retail Asia17/11/2021
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Finance

HSBC Reshuffles Commercial Bank

2min0
HSBC has reshuffled senior management at its commercial banking arm in Asia and the U.K. Amanda Murphy and Frank Fang have been named co-heads of the APAC commercial banking business, according to a statement, reporting to global commercial banking chief executive Barry O’Byrne. The current head of commercial banking for HSBC U.K., Murphy will relocate to Singapore to become head […]
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Retail Asia17/11/2021
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Finance

DBS Exec to Lead Carbon Credits Exchange

2min0
He was most recently DBS’ group chief sustainability officer, responsible for developing the bank’s sustainability framework and driving sustainability initiatives. Climate Impact X (CIX) has announced the appointment of Mikkel Larsen as chief executive officer, effective immediately, according to an announcement on Wednesday. Larsen has been interim CEO of the platform, a joint venture between DBS Bank, Singapore […]
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Retail Asia15/11/2021
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Finance

VietinBank pioneers online foreign exchange services

2min0
VietinBank has launched FX Online 24/7, allowing customers to perform transactions at any time, anywhere on platforms VietinBank eFAST and VietinBank Ipay. VietinBank focuses on innovating its system to improve FX services. Just by taking some simple steps on a smartphone or a laptop with an internet connection, without having to go to the bank, […]
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Retail Asia15/11/2021
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Finance

Dubai Sued Over PE Firm Audit in Dubai

2min0
KPMG is being sued over its role in the insolvency of Dubai private equity firm Abraaj Group which claims the big four accounting company failed to maintain independence and breached its duty of care. KPMG was sued for at least $600 million by two units of Abraaj now in liquidation, according to a report citing court […]
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Retail Asia12/11/2021
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Finance

HSBC Singapore Announces Lending Fund for Tech Firms

2min0
The bank will support companies tapping opportunities within Asean’s growing digital economy in sectors such as e-commerce, AI and robotics, fintech, and payments platforms. HSBC Singapore has announced a S$200 million ($147.5 million) lending fund to support high-growth technology companies in Singapore that are looking to expand across Southeast Asia and further afield. The fund […]
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Retail Asia12/11/2021
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Finance

Fintech Funding in Asean Reaches Record High

3min0
The region’s fintech firms brought in $3.5 billion in funding in the first nine months of 2021 – up more than three times compared to the whole of 2020. The rebound in fintech funding was driven by 167 deals including 13 mega-rounds, which accounted for $2 billion of the total funding, said in the FinTech […]
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Retail Asia12/11/2021
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Finance

Huobi Pulls Plug on Services in Singapore

2min0
The cryptocurrency exchange, one of the world’s largest, will be gradually phase out access to its services for Singapore-based users and close their accounts on March 31, 2022, to comply with local regulations. To comply with the laws of Singapore, we will have to include Singapore as a restricted jurisdiction. Regrettably, this means Huobi Global can […]
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Retail Asia11/11/2021
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Finance

Trading Volume Surges on DBS Digital Exchange

3min0
A shift to round-the-clock trading in August has seen trading volumes in the two months surpassing the total trading volume of the first eight months of the year by 40 percent. DBS has reported strong growth in its digital asset ecosystem, anchored by DDEx, or the DBS Digital Exchange, which now has over S$600 million in […]
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Retail Asia11/11/2021
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Finance

Citi Adds Prime Brokerage Duo in Hong Kong

1min0
Citi has hired two new directors from BNP Paribas and Goldman Sachs for its prime brokerage unit in Hong Kong. Drew Kuech and Oliver Law join Citi as directors of the prime services sales trading team, according to a statement, reporting to APAC head of prime services sales trading Daniel Millwood. Kuech has 13 years of prime finance and […]
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Retail Asia11/11/2021
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Finance

Crypto Platform Zipmex Announces Senior Hires

2min0
The Singapore-headquartered exchange will begin scaling up operations with the appointment of a new COO and CFO. Zipmex has appointed Uber’s former APAC head of central operations, Scot Cheung, as chief operating officer (COO) and venture capitalist and finance veteran Nicolas Keravec as chief financial officer (CFO), the digital assets exchange announced in a statement on Thursday. Cheung brings more […]
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Retail Asia10/11/2021
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Finance

HSBC Mulls Private Banking Re-Entry in India

2min0
HSBC wealth and personal banking chief Nunos Matos reportedly shared that the British lender was eyeing a reentry into private banking in India, noting that the market demands a strategic decision this year. After exiting the Indian private banking business in 2015 as part of the group’s strategic rejig, HSBC is considering a re-entry into […]
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Retail Asia10/11/2021
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Finance

UBS Brings TV Sports Closer To Life

1min0
CEO Ralph Hamers wants banking services to be more like Netflix. Now the bank is sponsoring a mini-series that fits with UBS’ private banking plans. On November 14, the television mini-series Front Office starts on Players TV channel and – as its says in its title – will be presented by UBS. Switzerland’s biggest bank paid […]
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Retail Asia09/11/2021
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Finance

Barclays Adds Private Banking Trio in Singapore

3min0
Barclays Private Bank has strengthened its Asia business with three new appointments in Singapore. Adrian Khoo and Jaime Huang join Barclays Private Bank in Singapore, according to a statement, as head of strategic client coverage and a private banker, respectively reporting to newly appointed head of the private bank in Singapore, Evonne Tan. Khoo joins from Julius Baer where […]
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Retail Asia09/11/2021
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Finance

China Records First Case of Money Laundering via CBDC

1min0
The pioneer of central bank digital currency, China recorded its first case of money laundering via the electronic yuan. Officials arrested 11 members of a criminal group in the Fujian province last week for allegedly laundering money using the country’s central bank digital currency (CBDC), according to Chinese media reports. The group allegedly scammed an […]
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