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FINANCE Wednesday, 19 August 2015 22:24

Midweek People Moves – August 19th

The Asian Wealth Times has reported on several high profile moves in APAC over the past few days so here is a round up of the other professional moves. Hong Kong: Korea-based asset manager Mirae has appointed Theresa Yu as their new corporate communications...

FINANCE Wednesday, 19 August 2015 22:23

HSBC Mandated As RMB Concentration Bank For LME Clear

HSBC has been mandated as the sole offshore RMB concentration bank for LME Clear, the clearing house for the London Metal Exchange (LME) market. This will facilitate LME Clear to accept RMB as eligible cash collateral from its members for margin cover purposes...

FINANCE Wednesday, 19 August 2015 22:23

MoneyGram Expands Network With Agricultural Bank Of China

Consumers in China now have more convenient access to money transfer services than ever before through MoneyGram (MGI), a global provider of innovative money transfer and payment services. The company has reached an agreement with Agricultural Bank of China that...

FINANCE Wednesday, 19 August 2015 15:02

Global Asset Management Strengthens Australian Team

UBS Global Asset Management has announced the expansion of its Australian Global Asset Management team with the senior appointments of Vasco Gil as Product Manager, James Duck as Director, Institutional Business Development and Jennifer Alker as Marketing...

FINANCE Wednesday, 19 August 2015 15:01

Econote No 39 From Dr. Andrew Freris

Our regular contributor Dr Andrew Freris is making his Econotes research available to our subscribers. This is Econote No 39 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, 19 August 2015 15:00

Canadian Pension Fund Invests In Malaysia

Canada Pension Plan Investment Board (“CPPIB”) and Pavilion Group (“Pavilion”) have announced the creation of a joint venture to invest in Pavilion Damansara Heights, a mixed-use development project in Kuala Lumpur, Malaysia. As part of the joint venture, CPPIB...

FINANCE Wednesday, 19 August 2015 14:59

Record Breaking Classic Car Prices Asian Interest Growing

The Hongkong and Shanghai Hotels owned Quail Lodge in Carmel California hosted 100 cars of incredible breadth and history at the 2015 edition of Bonhams' annual Quail Lodge auction last week, resulting in a successful sale with a 90% sell-through rate and a...

FINANCE Tuesday, 18 August 2015 16:42

Standard Chartered Appoints David Yim As Head, DCM, Greater China

Standard Chartered Bank has announced the appointment of David Yim as Head, Greater China Debt Capital Markets (DCM). He joins the Bank in Hong Kong today and reports to Aaron Russell-Davison, Head, DCM. Yim brings over 20 years of banking experience to Standard...

FINANCE Tuesday, 18 August 2015 16:41

Goldman Sachs Injects $150 Million Into Indian Real Estate Developer

Piramal Realty, the real estate development arm of the Piramal Group, announced that Goldman Sachs, a leading global investment bank and active investor in India, will invest US$ 150 million for a minority stake in the company. The funds will be used to expand the...

FINANCE Tuesday, 18 August 2015 16:40

AIA Australia Boosts Its Strategic Partnerships Team With New Hires

Life insurer AIA Australia has announced a significant boost to its Strategic Partnerships team with four new people joining the Strategic Partnerships team to help licensees and advisers navigate the life insurance reforms. Kristen Lennis-Harvey has joined the...

FINANCE Tuesday, 18 August 2015 16:39

Hong Kong Luxury Hotels Find Going Tough

Hong Kong hotels are finding 2015 to be a challenging market with the outlook for the rest of the year also looking tough. Even upscale Hongkong and Shanghai Hotels which operates The Peninsula Hong Kong, saw its average room rate slump 15 percent in the second...

FINANCE Monday, 17 August 2015 23:33

Japanese Bank Hires New Head For Asia ex-Japan Trust Business

Nomura, Asia’s global investment bank, today appointed Mr. Harry Ng as Head of Nomura Trust Company (Singapore) Ltd. (NTS) and Head of Wealth Planning Strategy & Solutions, Asia ex-Japan. He will be based in Singapore and reports to Mr. Nobuhiro Sano, Head of...

FINANCE Monday, 17 August 2015 23:32

Standard Chartered Strengthens UHNW Team

Standard Chartered Bank has appointed Enoch Tan as Managing Director and Regional Head, UHNW Clients, ASEAN, with the appointment effective 1 July 2015. Based in Singapore, Enoch will be responsible for spearheading the Bank’s initiatives specific to the UHNW...

FINANCE Monday, 17 August 2015 23:31

AIA Appoints New Group Chief Investment Officer

AIA Group Limited has announced that Mark Konyn will join AIA as Group Chief Investment Officer with effect from 1 September 2015. Konyn will be a member of the Group Executive Committee and will report to Mark Tucker, Group Chief Executive and President. Mark...

FINANCE Monday, 17 August 2015 23:30

ANZ Launches Share Purchase Plan Offer

Melbourne headquartered ANZ today announced applications for its Share Purchase Plan offer (SPP Offer) to raise $500 million in additional equity capital will open on Monday, 24 August 2015 with eligible shareholders able to purchase up to $15,000 worth of ANZ...

FINANCE Monday, 17 August 2015 15:03

Date Set For ¥4 Trillion Japan Post IPO

In what is expected to be the biggest initial public offering in Japan since Nippon Telegraph & Telephone Corp. in 1987, the long trailed listing of Japan Post Holdings and its banking and insurance units will go public on the Tokyo Stock Exchange on November the...

FINANCE Monday, 17 August 2015 15:01

Is The Legal Sector Next For Digital Disruption

A great deal of the recent focus and noise has been on the disruptive influence of technology in the banking space but other traditional professional service industries are now showing up on the radar including the legal industry. Started at the turn of the year,...

FINANCE Monday, 17 August 2015 15:01

APAC Fintech Roundup

Axis Bank Launches Multi-Currency Contactless Card With Visa India’s Axis Bank is to upgrade 50,000, of its point of sale (PoS) machines so that they can accept debit and credit card payments from contactless cards. Last week the bank launched contactless...

FINANCE Monday, 17 August 2015 15:00

Malaysian Tycoons Lock Horns In London

Two of Malaysia’s highest profile tycoons locked horns over the weekend in London. However it wasn’t a significant business deal they were contesting it was something more serious for them, an English Championship league match. Ideally the two owners would have...

FINANCE Saturday, 15 August 2015 17:35

Ivanhoé Cambridge Appoints Senior Vice President For Asia-Pacific

Global real estate investors Ivanhoé Cambridge have announced the appointment of George Agethen as Senior Vice President, Asia-Pacific, Growth Markets. Based in Hong Kong, Mr Agethen will mainly oversee the implementation of investment and asset management...

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