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FINANCE Saturday, 21 November 2015 16:46

APAC Institutions To Deploy Additional US$240 Billion Into Global Real Estate By 2020

According to the latest special report from CBRE, Asia Pacific institutional investors are expected to pump an additional US$240 billion into the world property markets by 2020, which will bring their total allocation into global real estate to US$500...

FINANCE Saturday, 21 November 2015 16:45

BIG Hotel In Singapore Sold To Hong Kong-Based Investor Gaw Capital Partners

Gaw Capital Partners has acquired the 308-room BIG hotel in Singapore for SGD$203 million (US$143 million). JLL Hotels & Hospitality Group with JLL Capital Markets Singapore, acted as exclusive advisors on the sale on behalf of the owner, Singapore-based ERC...

FINANCE Saturday, 21 November 2015 00:11

Visa And Next Bank Open Call To Fintech Finals 2016 In Hong Kong

As the Fintech snowball gathers pace there is news of another event for this burgeoning segment. Co-hosted by Next Bank and FinTech Hong Kong, FF16 is a two-day event dedicated to fintech, being held as part of the StartmeupHK Festival. Forty fintech startups...

FINANCE Friday, 20 November 2015 15:15

Millionaire Growth In Singapore Set To Outstrip Hong Kong

A new report from industry specialist WealthInsight has revealed a surge in Singapore’s wealthy population. Major trends in Singapore's millionaires are comparable to its financial rival, Hong Kong. Both cities attract wealthy individuals and successful business...

FINANCE Friday, 20 November 2015 15:13

Week 47 - Professional Moves Across APAC

It has been another bumper week for senior moves across the main financial hubs in the Asia Pacific region. We have listed below some of the main announcements. The National Australia Bank owned private wealth business JBWere has announced a trio of senior...

FINANCE Friday, 20 November 2015 15:12

ICE Futures Singapore Launches With Commodity And FX Contracts Serving Asian Markets

Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, has announced the successful launch of trading and clearing for ICE Futures Singapore and ICE Clear Singapore on Tuesday, November 17, 2015. A total volume of 8,847...

FINANCE Friday, 20 November 2015 15:08

Asian Collectors Watching As One Of The Scarcest Whiskies Comes To Market

With a growing interest in rare whisky’s across Asia including a dedicated Whisky Fund run out of Hong Kong, Asian enthusiasts will be watching closely as Bonhams holds its annual Christmas rare and fine whisky sale in Edinburgh on Wednesday 9 December. The sale...

FINANCE Thursday, 19 November 2015 22:19

Credit Suisse Receives Shareholders' Support

Shareholders of Credit Suisse today agreed to a capital increase intended to give the bank the necessary firepower for its expansion strategy.

FINANCE Thursday, 19 November 2015 17:19

CS Chairman Rohner and the Bitter Pills for Shareholders

When Credit Suisse opens today's extraordinary general meeting at Bern's exhibition hall, the bank's chairman, Urs Rohner for once takes center stage, and not his chief executive. Normally, the CEOs are grabbing all the headlines.

FINANCE Thursday, 19 November 2015 15:22

KKR Invests In Indian Wealth Manager To Build A Next Generation Multi-Asset Financial Services Platform

Leading global investment firm KKR and Avendus Capital, a pre-eminent Indian financial services firm have announced the signing of a definitive agreement under which KKR will invest in Avendus to fund the company's foray into the credit solutions business and to...

FINANCE Thursday, 19 November 2015 15:21

Foreign Investment Into Australia Has Doubled In Five Years

The 2015 Australian Investment Managers Cross-Border Flows Report by the Financial Services Council (FSC) and Perpetual has revealed foreign investment into Australia through managed investment trusts (MITs) has more than doubled from $20.3 billion at 1 January...

FINANCE Thursday, 19 November 2015 15:19

Singapore Comes Third In PwC’s Building Better Cities Survey

Singapore emerged third best city in APEC in which to live and do business, according to a new study launched this week at the APEC 2015 CEO Summit. The PwC study gives city leaders a view of where they are now, and it hopes to inspire cities within APEC to...

FINANCE Thursday, 19 November 2015 15:13

No Consensus On Fund Product Features Among Asian HNWI

According to findings from global financial services research firm Cerulli, there is no clear consensus among high-net-worth investors (HNWIs) in Asia on fund product features. While Cerulli Associates has been championing the need for a targeted and localized...

FINANCE Wednesday, 18 November 2015 15:18

New CEO Appointed For Standard Chartered Bank, India

Standard Chartered announced the appointment of Zarin Daruwala as CEO of Standard Chartered Bank, India, following the appointment of Sunil Kaushal as Regional CEO for Africa and the Middle East. Zarin is currently President of the Wholesale Banking Group at...

FINANCE Wednesday, 18 November 2015 15:17

CEO Confidence In Asia Pacific Shaken But Strong

According to PwC’s fifth annual APEC CEO Survey, Asia Pacific CEOs believe prospects for business growth over the next 12 months are dimming fast. Volatility in the financial markets this summer took a toll on CEO confidence with just 28% of business leaders now...

FINANCE Wednesday, 18 November 2015 15:16

Inaugural Singapore-Shanghai Financial Forum To Foster Collaboration And Partnership

The Monetary Authority of Singapore and Shanghai Municipal Financial Services Office held the inaugural Singapore-Shanghai Financial Forum in Singapore yesterday. The one-day Forum was established as a regular platform for market participants from two of Asia's...

FINANCE Wednesday, 18 November 2015 15:14

Baidu To Partner With China CITIC Bank To Set Up Internet Banking Business

China CITIC Bank Corp Ltd confirmed Tuesday that it will collaborate with China's biggest online search engine, Baidu Inc, to build a direct banking business. China CITIC Bank said it will hold a press conference in Beijing today to officially cement the...

FINANCE Tuesday, 17 November 2015 16:47

New COO For NAB Asset Management

NAB Asset Management has appointed a new chief operating officer who will be responsible for strategic and operational initiatives. Former State Street Global Advisors executive Bernard Reilly will join NAB Asset Management as the firm’s chief operating officer. NAB...

FINANCE Tuesday, 17 November 2015 16:45

Hong Kong SFC Issues A 15 Year Ban To Former Licensed Rep

Hong Kong’s Securities and Futures Commission (SFC) has banned Mr Gong Yueyue, a former licensed representative, from re-entering the industry for 15 years following his conviction by the Eastern Magistrates’ Court on 25 February 2015 for an offence of bribery. The Court...