With the rapid pace of innovations in FinTech eating into financial institutions as well as stretching the regulatory parameters, the Monetary Authority of Singapore (MAS) has announced the formation of a new FinTech & Innovation Group (FTIG) within its...
Nippon Wealth Signs For Wolters Kluwer OneSumX Wolters Kluwer Financial Services has signed Nippon Wealth Limited, a Restricted License Bank (NWB) as a user of OneSumX. The restricted license bank, based in Hong Kong and focused on Asia and Japan, will...
Real Madrid, the world’s leading sports club and Tmall Global, an overseas platform and an extension of Alibaba Group’s B2C Tmall.com business in China, jointly announced today the launch of the official online Real Madrid store for consumers in China. This...
UBS has delivered a robust second-quarter adjusted profit before tax of CHF 1,635 million despite continued market and economic uncertainty. Net profit attributable to UBS Group AG shareholders was CHF 1,209 million, up 53% compared with the second quarter of...
A strong second quarter, similar to the record first quarter, propelled DBS Group’s first-half 2015 net profit to a new high of SGD 2.39 billion. Excluding a one-time gain, net profit rose 12% to SGD 2.25 billion. First-half total income exceeded SGD 5 billion...
With July almost over here are a few late movers across the APAC region. ABN AMRO has appointed Oliver Kuan as its new Chief Financial Officer (CFO) to oversee the entire finance function of its Greater China offices and Wholesale Banking Asia business. Alan Roch...
According to reports over the weekend the International Monetary Fund will commence deliberations this week about adding the Chinese yuan to the basket of currencies which make up the fund’s international reserve asset, known as special drawing rights. After a...
As the Chinese equity markets continue to grab investors attention another asset class may be quietely calibrating back into a more reasonable pricing spread. Knight Frank has released the Greater China Q2 2015 Report which looks at the Grade-A office, luxury...
The new movie Southpaw which is building a lot of hype about a possible Oscar nomination for the committed performance by headline star Jake Gyllenhaal, is also shining the spotlight on its backer, China’s richest man, Wang Jianlin. Mr Wang is no stranger to the...
With the demographics showing the domestic Japanese population declining, Japanese insurance companies have been using their reserves to expand into overseas markets with younger and more dynamic population growth patterns. In the latest deal Meiji Yasuda Life...
Citi have joined the growing list of banks embracing the digital wave as it announced the launch of Citi Mobile Challenge in Asia Pacific, part of Citi's drive to foster digital and mobile innovation in banking. Citi Mobile Challenge is a next-generation...
Newly crowned Wimbledon champion and current world number one, Novak Djokovic, will be leading the Singapore Slammers in the second season of the 2015 Coca-Cola International Premier Tennis League (IPTL) held from 2nd to 20th December 2015. The ground breaking,...
A quick catch up of the moves around the region since our last report on Wednesday 22nd July. UK headquartered bank Barclays has appointed Alexander Harrison as head of corporate banking for Asia Pacific a new role for the British bank as it moves to expand the...
The inexorable shift in the centre of gravity of global wealth towards the east was ramped up one more notch yesterday as Credit Suisse announced their latest quarterly results. The Asian operations contributing significantly to the healthy second quarter...
The eventual Fed lift-off is undoubtedly one of the most anticipated monetary policy events. The previous taper announcement and implementation offered an instructive comparison: when former Fed Chairman Bernanke announced that the Fed could soon taper its...
According to CBRE’s recently published report, The Expanding Role of Chinese Capital in Global Real Estate Markets, over the past four years, annual China-sourced outbound flows to commercial real estate experienced a compound annual growth rate (CAGR) of...
EMEA investors’ strong appetite for gaining exposure to specialist investment strategies is driving Nikko Asset Management to expand its range of UCITS (Undertakings for Collective Investment in Transferable Securities) funds, the company announced today. “UCITS...
United Overseas Bank Limited (UOB) has entered into an agreement with Temasek to provide venture debt financing to start-ups in China, India and Southeast Asia. According to an EY report on venture debt, the potential market size for venture debt in Singapore,...
Singapore headquartered fintech startup ApexPeak said it has acquired Netherlands-based supply chain finance and collaboration solutions provider Asyx. The Acquisition terms have not been disclosed. ApexPeak, founded in 2012, offers working capital solutions to...
Starting a pure retail mutual fund business in Southeast Asia requires a highly localized approach. Each country has a unique distribution landscape and penetrating their markets demands comprehensive on-the-ground knowledge. This is one of Cerulli Associates'...
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