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FINANCE Saturday, 12 September 2015 17:30

P2P Remittance Startup Abra Looking At China And Southeast Asia For Growth

Abra, the company changing how people use cash and their smartphones to send and receive money around the world, announced today that it has closed its Series A financing round and has now raised over $14 million in venture financing. Investors in the Series A...

FINANCE Saturday, 12 September 2015 17:29

Simona Halep Qualifies For 2015 BNP Paribas WTA Finals In Singapore

With one week to go until the Formula One circus hits the Singapore streets another major sporting event that is now established in the city-state is taking shape. The Women’s Tennis Association announced today that World No.2 Simona Halep has qualified for the...

FINANCE Friday, 11 September 2015 14:53

APAC People Moves – End Of Week Roundup - September 11th

The Asian Wealth Times broke several high profile hiring stories again this week, now here is an and of week synopsis of recent professional moves since midweek. Hong Kong: In Hong Kong Alternative investment fund placement agent Monument Group hired three for...

FINANCE Friday, 11 September 2015 14:51

Standard Chartered And Manulife Form 15-year Pension Distribution Partnership

Standard Chartered and Manulife have announced that they have entered into a 15-year distribution partnership providing Manulife the exclusive right to offer its Mandatory Provident Fund (“MPF”) product to Standard Chartered’s customers in Hong Kong. As part of...

FINANCE Friday, 11 September 2015 14:50

Rise Of The Machines: NAB To Roll Out Digital Advice To 40k Clients

National Australia Bank has said it will launch a digital advice platform to its internet banking customers, making it the first major bank to provide personalised, tailored financial advice through internet banking. NAB Prosper will initially be rolled out to...

FINANCE Friday, 11 September 2015 14:49

European Aristocratic Jewels And Jadeite At Sotheby’s Hong Kong Sale

Sotheby’s Hong Kong Magnificent Jewels and Jadeite Autumn Sale 2015 will take place on 7 October at Hong Kong Convention and Exhibition Centre. The upcoming sale will highlight two exceptional jewels of illustrious European aristocratic provenance. These include...

FINANCE Thursday, 10 September 2015 22:01

Singaporean Banks Dominate Safest Banks In Asia Survey

Each year Industry publication Global Finance selects the best financial institutions around the world. These awards have become a recognized and trusted standard of excellence. In an exclusive survey to be published in the November 2015 issue Global Finance has...

FINANCE Thursday, 10 September 2015 22:00

Northern Trust Announces Senior Appointments

In response to the increasing demand for Northern Trust’s (Nasdaq: NTRS) securities lending and transition management services it has announced a series of appointments within its global capital markets business. Sunil Daswani has been appointed to the newly...

FINANCE Thursday, 10 September 2015 21:59

ICE Futures Singapore To Launch With Five New Contracts

Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, today announced that ICE Futures Singapore and ICE Clear Singapore expects to launch on November 17, 2015, with five new contracts. Subject to final approval by the...

FINANCE Thursday, 10 September 2015 21:58

CBRE Appoints Managing Director In Korea

CBRE the full-service real estate services company has announced the appointment of Darren Krakowiak to the role of Managing Director, Korea, effective early November 2015. Mr Krakowiak joins CBRE from his current position as National Director and Head of Markets...

FINANCE Thursday, 10 September 2015 15:26

Private Banks & Trust Companies' Assets To Exceed $5.3 Trillion By 2019

According to the latest research from global analytics firm Cerulli Associates, private banks and trust companies' assets are projected to reach $5.3 trillion by year-end 2019. "With growing competition, most banks can no longer consider asset allocation their...

FINANCE Thursday, 10 September 2015 15:24

Westpac - Boosting Digital And Looking For Asian Growth

At a market update in Sydney, Westpac Group provided more details on its service led strategy which will improve the depth and duration of customer relationships, as well as grow customer numbers. Westpac also confirmed the Group's growth priorities of Wealth,...

FINANCE Thursday, 10 September 2015 15:23

Celebrity Real Estate Agent Appointed As Juwai.com Ambassador In The USA

Chinese international real estate portal, Juwai.com, has appointed celebrity real estate agent Jennifer Berman as its first-ever Ambassador in the United States. For the new role, Ms. Berman will represent Juwai.com at events, in the media and via social media...

FINANCE Thursday, 10 September 2015 15:21

The Bentley Bentayga: Fastest, Most Powerful, Most luxurious And Exclusive SUV

Bentley Motors has announced full details of its pinnacle, sector-defining new model, the Bentayga. You can expect to see the unique Bentley SUV on Asian streets from early 2016. The Bentley Bentayga combines unparalleled luxury with effortless performance and...

FINANCE Wednesday, 9 September 2015 21:01

Swiss Banking: Beijing's Interest Hinges on Swiss Regulator's Decision

Last week's trip to China by representatives of the Swiss financial market yielded results. For the formal decision by Beijing how to engage with Swiss banking the coming months will prove decisive, research by finews.ch showed.

FINANCE Wednesday, 9 September 2015 15:25

Allen & Overy Establish Office In Seoul

Global law firm Allen & Overy have opened an office in Seoul, South Korea building on more than 30 years’ experience of working with Korean companies, quasi-sovereigns and financial institutions. The office will open with immediate effect, led by experienced...

FINANCE Wednesday, 9 September 2015 15:24

Econote No 40 - From Dr Andrew Freris

Our regular contributor Dr Andrew Freris is making his Econotes research available to our subscribers. This is Econote No 40 Dr. Andrew F. Freris a well known figure throughout Asia. He possesses 47 years of market experience which includes senior positions with GT...

FINANCE Wednesday, 9 September 2015 15:22

Chinese Banking Giant Opens In Myanmar

In recent months Singaporean banks OCBC and UOB along with Malaysian lender Maybank have all commenced operations in Yangon. Now China's Industrial and Commercial Bank of China (ICBC) has formally opened its branch in Yangon, becoming the first Chinese commercial...

FINANCE Wednesday, 9 September 2015 15:21

Taiwan Stock Exchange And Japan Exchange Group Link Markets

Taiwan Stock Exchange Corporation (TWSE) and Japan Exchange Group, Inc. (JPX) will formally link their capital markets with the listing of the “Fubon TOPIX Leveraged 2X Index ETF” and the “Fubon TOPIX Inverse -1X Index ETF” on the Taiwan Stock Exchange on 10...

FINANCE Tuesday, 8 September 2015 21:37

Moody's Lowers Asia Growth Forecasts

Moody's Investors Service has adjusted downwards its GDP growth forecasts for many Asia Pacific (APAC) sovereigns, noting that subdued global growth, exacerbated by weaker demand from China, leads APAC growth lower. Nevertheless, APAC sovereign credit profiles...

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