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FINANCE Wednesday, 16 September 2015 22:52

Aston Martin Announces DB11 Nameplate

As the marque builds its supporters across Asia supercar manufacturer Aston Martin is today confirming DB11 as the name of its forthcoming sports car. The new model – to be unveiled during 2016 – will sit at the heart of the luxury British brand’s range and...

FINANCE Wednesday, 16 September 2015 22:51

MSCI Acquires Data Aggregator Insignis

MSCI, a leading provider of research-based indexes and analytics, has entered into a definitive agreement to acquire all of the assets of Insignis, Inc., a leading data collection and aggregation service for the financial industry. Insignis provides daily...

FINANCE Wednesday, 16 September 2015 14:50

Midweek APAC People Moves – (New CEO At HSBC In Hong Kong) - September 16th

It was widely reported in Hong Kong that Diana Cesar will be named as the new HSBC Holdings Plc’s chief executive for Hong Kong. Cesar has been with the UK headquartered bank for 15 years. Her most recent role has been head of retail banking and wealth management...

FINANCE Wednesday, 16 September 2015 14:46

Ant Financial To Invest 1.2 Billion Yuan In Cathay Insurance

Alibaba's financial service affiliate Ant Financial is set to buy a 1.2 billion yuan controlling stake in Cathay Insurance, the company has announced. Ant Financial runs China's most popular online payment platform, Alipay. Cathay Financial is one of Taiwan's...

FINANCE Wednesday, 16 September 2015 14:45

Mercer Announces Senior Appointments In Asia Pacific

Mercer, a global consulting leader in advancing health, wealth and careers, has announced several senior appointments in Hong Kong and Singapore in direct response to client and market demand. The news coincides with expansion in the company’s talent consulting...

FINANCE Wednesday, 16 September 2015 14:44

Euroclear Opens Gateway To China Domiciled Funds

Euroclear Bank, the Brussels-based international central securities depositary (ICSD), has opened an account with Hong Kong’s Central Securities Depositary, the Central Moneymarkets Unit (CMU). This opening coincides with the recent announcement by Hong Kong’s...

FINANCE Wednesday, 16 September 2015 02:49

LGT Bets on Tech Revolution in Asia

Liechtenstein's LGT is one of the fastest growing asset managers in Asia. Naming a chief of technology in Hong Kong underlines its ambitions.

FINANCE Tuesday, 15 September 2015 22:11

Asia-Pacific Solidifies Position As World’s Top Wealth Market

China and India were among the key emerging markets to spearhead the continued rise in Asia-Pacific’s High Net Worth Individual (HNWI) population and wealth in 2014, according to the Asia-Pacific Wealth Report 2015 (APWR), published today by Capgemini and RBC...

FINANCE Tuesday, 15 September 2015 15:21

BNY Mellon Explores Sources Of Growth In The World's Four Largest Economies

China, Japan and India take centre stage in the second white paper on the world's four largest economies, BNY Mellon cautions against "premature pessimism", arguing that it is too soon to conclude that global growth will disappoint over the rest of this decade. The...

FINANCE Tuesday, 15 September 2015 15:20

Islamic Bank Of Asia To Wind Down

According to local media reports DBS Group Holdings, Singapore's largest bank, said on Monday it would be gradually wrapping up its Islamic banking unit as the business had not been ale to reach its potential and achieve economies of scale. DBS said it would...

FINANCE Tuesday, 15 September 2015 15:20

Alibaba Establishes Sports Group

Alibaba Group Holding Limited has established Alibaba Sports Group together with Sina Corporation and Yunfeng Capital to transform China's sports industry through Internet-enabled technologies. Alibaba Sports Group will be majority-owned by Alibaba Group. Daniel...

FINANCE Tuesday, 15 September 2015 15:19

Fintech Round Up

Landbank And Transfast Partner For Real-Time Deposits Worldwide To Philippines Transfast, a leading provider of cross-border payments solutions, and the Land Bank of the Philippines today announced they have partnered to enable Transfast customers worldwide to...

FINANCE Monday, 14 September 2015 22:18

Singapore: Overwhelming Vote for Status Quo

Voters in Singapore have expressed their support for the existing political system – much maligned in the west – to a degree unexpected before the elections. The political stability is a blessing for the financial industry and Swiss banks doing business in the...

FINANCE Monday, 14 September 2015 21:46

ICBC Credit Suisse Asset Management Appoints Head Of International Sales

ICBC Credit Suisse Asset Management International, the international arm of one of China’s largest asset managers with more than RMB754 Billion in assets under management, today announced that it has named Elvin Yu, as Head of International Sales and Client...

FINANCE Monday, 14 September 2015 15:01

October Strategy Announcement Expected From Credit Suisse

Reports out of Switzerland over the weekend have indicated that Credit Suisse is preparing to announce strategic changes which will be tied to a planned capital increase as early as October, including modifications which will certainly impact the Asian business. Chief...

FINANCE Monday, 14 September 2015 15:00

USA Named World Number 1 for Residential Investability

Investors in international residential real estate should combine an understanding of macro metrics and an appreciation of local, shorter term drivers of house prices when making buying decisions, according to Savills in World Residential Markets published...

FINANCE Monday, 14 September 2015 14:59

November Confirmed For Giant Japan Post IPO

The Tokyo Stock Exchange has given the green light to Japan Post’s initial public offering later this year, and in doing so has set up an enormous share sale that Japanese brokers estimate will breach the ¥1.4 trillion mark. The sprawling government-owned company...

FINANCE Monday, 14 September 2015 14:56

Chinese Companies Investing More Than 10% Of Revenues In Digital

Global professional services firm PwC's 7th Annual Digital IQ Survey has revealed that companies in China are confident they understand the value of digital technology and are able to weave it into the fabric of their organisation. They believe they have all the...

FINANCE Saturday, 12 September 2015 17:32

Lotus F1 Car To Be Auctioned At Singapore Grand Prix

Bonhams international auction house has been selected to auction the Lotus E20 F1 racing car on behalf of charity, Peace One Day. The unique sale will take place Saturday 19 September at the Museum of Art & Design, Singapore. The sale of the Lotus E20 F1 racing car...

FINANCE Saturday, 12 September 2015 17:31

DBS Named Safest Bank In Asia For Seventh Consecutive Year

DBS Bank has been named “Safest Bank in Asia” for the seventh consecutive year by leading trade publication Global Finance. The bank also moved up one place to the 11th spot on the global list of safest banks. DBS retained its 2nd place position on the list of...

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