Category: Finance

Retail Asia23/08/2021
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Xiaomi-backed Tiger Brokers is expanding its reach into the institutional segment with the launch of a business-to-business (B2B) platform. Tiger Brokers is partnering Singapore-based financial advisory firm PFPFA as it launches a B2B platform for institutional partners, the company announced on Friday. Under the partnership, PFPFA clients will have direct access to Tiger’s online brokerage and platform, which […]

Retail Asia23/08/2021
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Deutsche Bank continues to expand in Asia with the latest addition of the former Singapore chief executive from Pictet. Deutsche Bank names Dominique Jooris as Asia Pacific head of wealth solutions, according to a statement, Jooris was most recently CEO of Bank Pictet in Singapore before he was succeeded in January this year by Sharon Chou. Previously, Jooris […]

Retail Asia23/08/2021
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3min0
Goldman Sachs has bought a Dutch asset manager for which UBS was one of the other bidders as the European sector looks to consolidate. U.S. investment bank Goldman Sachs is buying Dutch insurer NN’s asset management business, the companies announced Thursday. European bidders lost out to Goldman Sachs, including Switzerland’s largest bank, UBS. Goldman will pay around 1.6 […]

Retail Asia20/08/2021
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1min0
Standard Chartered added a private banker focused on the south and southeast Asia market, joining most recently from Bank of Singapore. Standard Chartered Private Bank appoints Lawrence Goh as managing director and deputy market head for ASEAN and South Asia, according to a statement. Based in Singapore, Goh reports to Cedric Lizin, regional head, private banking ASEAN & […]

Retail Asia20/08/2021
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4min0
China’s top parliament is in the last of its four-day meeting on draft bills with some broad indications unveiled about Hong Kong’s anti-sanctions law, including a rough timeline and government entities to be involved. China’s National People’s Congress (NPC) Standing Committee is expected to formally approve the anti-sanctions law today, marking an end to its four-day closed-door […]

Retail Asia19/08/2021
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2min0
Vietnam leads globally in cryptocurrency adoption with 41 percent of respondents claiming to have bought Bitcoin and the like, according to a recent survey. Twenty percent of Vietnamese said they had purchased Bitcoin, the highest among 27 countries polled with 42,000 respondents, according to the survey by U.S. based financial consultancy Finder. “Remittance payments may […]

Retail Asia18/08/2021
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Kakao Group will pursue the globalization of its public blockchain project, Klaytn, from the city-state. South Korea’s Kakao Group has established two new blockchain entities in Singapore – nonprofit Klaytn Foundation and global accelerator unit Krust, it announced in a statement. Kakao Foundation said in a statement that it would work proactively and systematically to expand […]

Retail Asia13/08/2021
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The experienced equity brokerage and investment banker will head up Haitong Securities’ corporate finance team in Singapore. UOB’s former head of equity capital markets (ECM) Jack Kang has joined Haitong International Securities (Singapore) as an executive director. Kang, who moved to Haitong in July, spent 11 years at UOB. He was previously ECM vice president at […]

Retail Asia12/08/2021
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2min0
HSBC continues expanding its wealth management offering with the latest addition of a portfolio-based advisory solution. HSBC has launched its portfolio-based advisory solution Wealth Portfolio Plus (WPP) targeting its Hong Kong-based Jade segment – clients with $1 million or more in investable assets. Previously, HSBC Jade clients could only select individual products that are aligned […]

Retail Asia12/08/2021
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2min0
DBS becomes Singapore’s second crypto player to secure an in-principle approval from the Monetary Authority of Singapore to offer token services. DBS Vickers – the brokerage arm of DBS – has received in-principle approval from the MAS under the Payment Services (PS) Act to provide digital payment token services, according to a statement. As a member of DBS […]

Retail Asia11/08/2021
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2min0
OCBC’s deputy president will retire after 22 years with the Singaporean bank. OCBC deputy president Ching Wei Hong will retire at the end of September, according to an exchange filing. Ching first joined OCBC in November 1999 as head of transaction banking and has since held various senior roles including chief financial officer, chief operating officer and […]

Retail Asia11/08/2021
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2min0
UBS and Sumitomo Mitsui Trust further their two-year alliance with the latest launch of a wealth management joint venture in Japan. UBS and Sumitomo Mitsui Trust Holdings (SMTH) has launched operations under joint venture UBS SuMi TRUST Wealth Management, according to a statement, across Japan in Tokyo, Osaka and Nagoya. The new company is the first […]

Retail Asia09/08/2021
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1min0
The world’s largest crypto exchange Binance said it would no longer allow new users to open futures accounts in Hong Kong, following warnings issued by the city’s regulators. Existing users will have a 90-day period to close their positions, Binance said, and no new positions thereafter can be opened. As the market leader, Binance constantly […]

Retail Asia09/08/2021
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2min0
The Singapore bank, one of the first traditional lenders in the region to launch its own digital exchange, now has S$100 million in digital assets in custody. I’m quite pleased, it is going quite well,» chief executive Piyush Gupta said on Tuesday during a briefing with analysts after presenting the bank’s second-quarter 2021 financial results, Blockworks reported. The […]

Retail Asia09/08/2021
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2min0
Standard Chartered is planning to open a green branch in Hong Kong as part of its ongoing push for sustainable finance. The new branch will be fully paperless and offer a wide range of green banking products, according to Standard Chartered’s Hong Kong chief executive Mary Huen during a media briefing. Funds held in green deposits will […]

Retail Asia06/08/2021
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2min0
The Singapore bank, one of the first traditional lenders in the region to launch its own digital exchange, now has S$100 million in digital assets in custody. I’m quite pleased, it is going quite well,» chief executive Piyush Gupta said on Tuesday during a briefing with analysts after presenting the bank’s second-quarter 2021 financial results, […]

Retail Asia06/08/2021
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2min0
Hong Kong’s Securities and Futures Commission reprimanded and fined UBS over regulatory breaches covering various areas including transparency client suitability. The SFC fined UBS AG and UBS Securities Asia Limited HK$9.8 million ($1.26 million) and $1.75 million, respectively, over various regulatory breaches, according to a statement. The issues covered areas ranging from lacking disclosures to client suitability issues. The […]


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