Financial Services

DBS hires Morgan Stanley banker Tan Su Shan

DBS hires Morgan Stanley banker Tan Su Shan

Tan joins DBS as Managing Director and Head of Private Banking, succeeding DBS Hong Kong CEO Amy Yip.

Chinese version of “Guidebook for Audit Committees” launched

Chinese-speaking directors in Singapore and abroad can now access tools to improve auditing assessment and management.

Russell Investments appoints Edmund Teo as Regional Director Sales and Marketing

Company says Edmund’s experience will help meet expected business growth in the year ahead.

SGX seeks views on Nikkei Dividend Index Futures

Comments on contract can be posted on SGX website from until 19 April.

Bankrupts celebrate as they can get an annulment and wipe the slate clean

Like an unhappily married partner, new laws will allow Singaporean bankrupts who have their bankruptcy anulled to have any record of it expunged from...

AXA Insurance introduces new international health insurance product

Product provides executives and their families S$4mln yearly health protection and access to medical treatment overseas.

Singapore Exchange to delist 5 companies under watch-list

Move was prompted by companies’ 3 consecutive years of financial losses.

Singapore Exchange to offer Nikkei Dividend Index Futures

New index aimed to meet investor demand and highlights 20-yr partnership between SGX and Nikkei. Singapore Exchange (SGX) said Mar. 29 that it will...

Manulife Singapore appoints Robert Elliott as SVP and CDO

Formerly the Vice President, Agency Operations of Manulife (International) Limited, Elliott is now Senior Vice President and Chief Distribution...

StanChart profits up 4% to $3.38bln on strong wholesale banking

Client income, which made up 74 percent of all Wholesale Banking revenue, grew 22 percent to US$6.88 billion.

Actis appoints Lionel Soh as Singapore office director

Company expects Soh's extensive work experience in different Asian countries could enhance its regional network.

Monetary Authority of Singapore tells insurers to remain vigilant

In a speech by Mr Low Kwok Mun, the Executive Director stressed the need for insurers to strengthen their risk management capabilities and corporate...

UOB operating profits up to S$3.33bln on stable core franchise

Bad news though is the 38.9% rise in impairment charges which negated the bank's strong operating performance.

Rabobank appoints Soh Hang Kwang CEO of Singapore branch

Under Head of Asia for Rabobank International Robert Jan van Zadelhoff, Soh Hang Kwang will also lead Representative Markets.

MasterCard Worldwide appoints Denzil Lawson head of Regional Business Development

Lawson, who last held the position of General Manager for Middle East and Levant, will now handle business development of the Asia/Pacific, Middle...

Moody's gives Aaa to Temasek's 15yr, 25yr notes

Disciplined management and committed goal of maximising long-term shareholder results translated to company’s Aaa rating.

OCBC 2009 profit up 12% on non-interest income surge

37% growth in non-interest income together with lower cost-to-income ratio helped lender earn S$1,962mln.