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FINANCE Friday, 30 October 2015 15:33

FINTECH: Next Bank And Fintech Hong Kong Call For 2016 Entries

Early stage, growth-stage and mature-stage start-ups are all welcome to apply for a chance to demo at the 2016 Fintech Finals, part of startmeup.hk, co-organized by Next Bank and FinTech Hong Kong. The Fintech Finals 2016 will take place on January 25 and 26,...

FINANCE Friday, 30 October 2015 15:22

Smith's Swansong: ANZ’s $7.5 Billion Profit – Wealth Business Robust - Asian Business Still Growing

Delivering his final set of results the departing ANZ Chief Executive Officer Mike Smith said, “We have produced another record result in FY15. In a constrained environment, we have continued to see growth in our core customer franchises in Australia, in New...

FINANCE Thursday, 29 October 2015 16:11

Julius Baer Optimistic On Sustained Wealth Creation In Asia

Swiss bank Julius Baer has released its fifth annual Wealth Report: Asia, which monitors both the cost of living in luxury and wealth creation in Asia. According to the extensive report Asia, Julius Baer’s second home market, the pool of investable assets held by...

FINANCE Thursday, 29 October 2015 16:10

Great American Insurance Group Launches Singapore Branch Office, First in Asia

After receiving approval from the Monetary Authority of Singapore earlier this year, Great American Insurance Company has launched its first office in Singapore and Asia. This move signifies the Company’s long term commitment to Singapore and the region, to build...

FINANCE Thursday, 29 October 2015 16:09

Home Is Where Singapore Investors Park Their Money

Friends Provident International (FPI) have released the findings of their sixth edition of the Investor Attitudes survey conducted in Singapore and Hong Kong (survey period between 24th June and 17th August 2015) which forms part of Aviva’s Consumer Attitudes...

FINANCE Thursday, 29 October 2015 16:08

Managed Accounts Growing In Japan

Japan's managed account assets under management (AUM) grew almost ninefold between December 2011 and June 2015 to ¥4.7 trillion (US$38.31 billion), according to global financial services research firm Cerulli. After stagnating for a few years post-global...

FINANCE Wednesday, 28 October 2015 21:40

OCBC Wealth Management Income Remains Robust Through Third Quarter

Singapore's OCBC reported a net profit after tax of S$902 million for the third quarter of 2015 (“3Q15”), lower as compared to S$1.23 billion a year ago (“3Q14”). Excluding a S$391 million one-off gain realised a year ago, the group’s core net profit, however,...

FINANCE Wednesday, 28 October 2015 17:59

Singapore Holds Top Spot For Ease Of Business – Japan Lags

Singapore held onto its business-friendly top ranking from last year in the “Doing Business 2016”: Measuring Regulatory Quality and Efficiency” report, which covers 189 economies. While developing countries stepped up their pace of business-friendly reforms in...

FINANCE Wednesday, 28 October 2015 15:55

J.P. Morgan Hong Kong Survey Reports Frail Investor Confidence

J.P. Morgan Asset Management (JPMAM) has announced the results of its 37th quarterly survey conducted for the J.P. Morgan Investor Confidence Index (JPMICI) in Hong Kong from 1 to 26 September. The Index is designed to reflect local investor sentiment towards the...

FINANCE Wednesday, 28 October 2015 15:54

NAB Agrees To Sell 80 Percent Of Insurance Business To Nippon Life

The Australian bank announced the sale this morning via its announcement to the ASX, along with the banks full-year profit of $6.34 billion (up 19.7 per cent on last year). The sale will see the Japanese insurer purchase the life insurance business for $2.4...

FINANCE Wednesday, 28 October 2015 15:46

Chinese Outbound Investment Climbs As Insurers Buy Real Estate Assets

China’s outbound investment has climbed 50 percent to US$15.6 billion year to date, supported by rising interest from insurers to increase their real estate allocation. “We are seeing a structural shift with Chinese insurance companies globalizing their...

FINANCE Wednesday, 28 October 2015 15:44

Philippines’ Online Hiring Activity In Banking & Finance Outshines Neighbours

According to the latest report from global online employment consultancy Monster, the Banking and Financial Services Industry in the Philippines is experiencing increased online hiring activity, as banks and financial institutions continue to view the country as...

FINANCE Tuesday, 27 October 2015 22:17

Swiss-Chinese Chamber of Commerce Names New President

The Swiss-Chinese Chamber of Commerce elected an Asia expert at PwC as its new president, taking over from Richard A. Friedl.

FINANCE Tuesday, 27 October 2015 16:18

Julius Baer Veteran Joins Carret Holdings Inc

Carret Holdings Inc., the parent of Carret Asset Management, LLC ("CAM"), a leading multi-billion dollar investment manager based in New York has announced the appointment of Kenneth Ho as Managing Partner of Carret Private Ltd., the Company's new international...

FINANCE Tuesday, 27 October 2015 16:17

Hong Kong Regulator Issues Six Month Ban

The Securities and Futures Commission (SFC) has banned Mr Wong Sze Yiu, a former account executive of Core Pacific-Yamaichi International (H.K.) Limited (CPYI), from re-entering the industry for six months from 26 October 2015 to 25 April 2016 for failures in...

FINANCE Tuesday, 27 October 2015 16:16

Wholly Foreign-Owned Enterprise Route In China Attractive To Foreign Asset Managers

Global financial services research firm Cerulli sees having a quasi-onshore presence as the optimal approach to doing business in China's asset management space, as it enables foreign asset managers to gain the much-needed credibility required for both investing...

FINANCE Tuesday, 27 October 2015 16:13

Australian Bank Completes Massive Infrastructure Upgrade

Since opening in 2013, National Australia Bank’s Deer Park Data Centre is rapidly reducing business operating costs and delivering environmental benefits. The state-of-the-art facility was purpose-built for NAB and is one of the best of its kind in Australia. Group...

FINANCE Monday, 26 October 2015 16:26

Standard Chartered Gains From Xi Jinping’s UK Visit

During a week of China-themed activities to celebrate President Xi Jinping’s State Visit visit to the UK, Standard Chartered got heavily involved in a range of events which underlining the deeper collaboration between China and the UK across the financial...

FINANCE Monday, 26 October 2015 16:25

Juwai.com Launches ‘Juwai IQ’ A Powerful Data Service On Its 2.6 Million HNW Users

Juwai.com, the No. 1 Chinese international property website, today has launched Juwai IQ, a new data service that draws on the online habits and custom surveys of its 2.6 million monthly visitors to provide standard and custom data products to such customers as...

FINANCE Monday, 26 October 2015 16:24

HKEx Makes Senior Appointment

Hong Kong Exchanges and Clearing Limited (HKEx) has appointed Brian Roberts as a senior vice president in its Product Development Department. Mr Roberts, who joined HKEx on October 23rd, is responsible for HKEx's Exchange Traded Funds (ETFs) business and reports...

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