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FINANCE Monday, 21 September 2015 22:38

Hong Kong SFC’s Interim Head of Enforcement

The Securities and Futures Commission (SFC) has appointed Ms Maureen Garrett, Deputy Chief Counsel of the SFC, as Interim Head of Enforcement. She will oversee the Enforcement Division pending the completion of a global recruitment exercise to replace Mr Mark...

FINANCE Monday, 21 September 2015 22:17

Julius Baer Completes Merrill’s Indian Deal

Julius Baer, the leading Swiss private banking group, has completed the transfer of Merrill Lynch’s International Wealth Management business (IWM) in India. By reaching this major milestone, the Group successfully concludes the global IWM integration which has...

FINANCE Monday, 21 September 2015 16:26

Hong Kong Monetary Authority Cautions Property Buyers

Following the Federal Reserve's decision to pass over on a rate rise last week, the Chief Executive of the Hong Kong Monetary Authority Norman T.L. Chan issued a statement to the media to alert Hong Kong property owners and potential buyers that the HKMA still...

FINANCE Monday, 21 September 2015 16:25

FINTECH: Singapore Firm Acquires SunGard Unit For US$12 Million

Singapore Exchange Mainboard listed Silverlake Axis Ltd, a leading provider of Digital Economy Solutions and Services to major organisations in Banking and Financial Services, Payments, Retail and Logistics businesses, is buying SunGard Ambit (Singapore) Pte...

FINANCE Monday, 21 September 2015 16:25

Asia’s Wealth Management Hub Wins Again

With the various racing teams still working hard on disassembling their cars and garages in the early morning heat and humidity as this post goes out, Asia’s leading wealth management hub has put on another unique weekend of excitement and entertainment on and...

FINANCE Monday, 21 September 2015 16:24

Global Law Firm Opens Tokyo Office

King & Spalding has opened its office in Tokyo after receiving the requisite approvals from the Japanese Ministry of Justice. The Tokyo office is the firm’s 18th office overall and 10th office outside the United States. Along with the firm’s Singapore office, the Tokyo...

FINANCE Saturday, 19 September 2015 17:19

Hong Kong Billionaire To Build Britain's Largest Regeneration Project - Greenwich Peninsula

Henry Cheng Kar-shun chairman of Hong Kong’s New World Development, won approval this week to build 15,000 new homes in London as part of an £8.4 billion development. It will be Britain's single largest regeneration development. To fund the project that is...

FINANCE Saturday, 19 September 2015 17:18

The Fed Has Spoken. BlackRock’s View on the Fed Decision

A commentary on the The U.S. Federal Reserve policy statement from Rick Rieder, BlackRock Chief Investment Officer of Fundamental Fixed Income The Federal Reserve decided to leave interest rates unchanged, signaling the U.S. economy isn’t quite ready to digest an...

FINANCE Saturday, 19 September 2015 17:17

Singapore Airlines Extends Title Sponsorship Of Formula 1 Singapore Grand Prix

The F1 drivers have been out and about in Singapore over the past few days meeting and greeting their sponsors and fans and generally enjoying the build up to the 2015 edition of the unique Singapore Nigh Race. Ferrari’s Sebastian Vettel’s first engagement of the...

FINANCE Saturday, 19 September 2015 17:17

September New York Asian Art Auctions Bring In $24.5 Million – Sales Ongoing

In New York this month Sotheby’s week of Asian Art sales opened with MONOCHROME, a concept sale that brought together both traditional and modern Chinese works united in their shared aesthetic of clean lines and subtle variations in color. The sale saw pieces...

FINANCE Friday, 18 September 2015 15:00

ANZ CEO Mike Smith To Step Down In 2016?

Mike Smith, who has been the CEO of ANZ Bank for eight years, could be leaving within the year. Brought in by former chairman Charles Goode, Smith had the specific brief to build ANZ Bank into Asia. This was both to lock into the region’s higher-growth future and...

FINANCE Friday, 18 September 2015 15:00

Growing Number Of Hong Kong Property Buyers Walking Away From Deposits

Several reports out of Hong Kong this week have highlighted a steady stream of property purchasers backing out of completing transactions and forfeiting their deposits. Sellers in certain developments are also said to be offering substantial reductions. Some...

FINANCE Friday, 18 September 2015 14:59

Thai Tycoon To Take 48 Percent Of AC Milan

After almost camping out at the San Siro for the summer the persistence of Thai tycoon Bee Taechaubol and his single-minded pursuit of AC Milan looks like it is about to pay off. Silvio Berlusconi has announced that he has struck a deal with Bee Taechaubol that...

FINANCE Friday, 18 September 2015 14:58

FINTECH: CIMB Bank And MDeC Select InnoChallenge 2015 Winners

In Malaysia as in Singapore and Hong Kong Fintech events and incubation programs show no signs of slowing down. Yesterday in Kuala Lumpur InnoChallenge, an initiative between CIMB Bank Berhad (CIMB Bank), in its own effort and in collaboration with Multimedia...

FINANCE Thursday, 17 September 2015 15:12

UBS CIO - Getting Set For Rising Rates

After months of speculation all eyes, and ears, will be on the Federal Reserve in the next few days as the long awaited September meeting finally takes place. In his latest CIO Note Mark Haefele, Global CIO, UBS Wealth Management sets out his view. Getting set...

FINANCE Thursday, 17 September 2015 15:11

Wailian And Juwai Partner To Assist Chinese UHNW's Obtain EB-5 Visas

Wailian Overseas Consulting Group, Ltd. one of China’s largest immigration consultants, has partnered with Juwai.com, China’s largest international property portal, to help more high-networth Chinese individuals who seek permanent residency in the US obtain EB-5...

FINANCE Thursday, 17 September 2015 15:10

New Citi Emerging Affluent Service Launched In Singapore

Citibank Singapore have announced that it is launching Citi Priority, a new customer servicing model that is specially designed to cater to the needs of the emerging affluent customers with investible assets of between S$50,000 and S$200,000. Citi Priority will...

FINANCE Thursday, 17 September 2015 15:08

Japanese Bank Expands Indian Coverage

Mizuho Bank, Ltd has opened a branch in Ahmedabad City in the State of Gujarat in the Republic of India, making Mizuho the first Japanese bank to establish an office in Gujarat. This is the fifth Mizuho Bank office in the Republic of India, and it further extends...

FINANCE Wednesday, 16 September 2015 22:54

Former Kimberley Diamonds Executive Chairman Arrested And Charged

As a result of an ASIC, (Australian Securities and Investments Commission) investigation, the former chief executive and executive chairman of Kimberley Diamonds Limited today was charged with offences under the Corporations Act for allegedly issuing false...

FINANCE Wednesday, 16 September 2015 22:53

Aberdeen Asset Management To Acquire Advance Emerging Capital

Global investment management group Aberdeen Asset Management has announced that an agreement has been reached with Advance Emerging Capital Ltd (“AEC”) whereby Aberdeen will acquire 100% ownership of AEC. The acquisition will add expertise and opportunities for...

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