Financial Services
DBS' Rajan Raju quits consumer banking head post
Raju transfers to Deutsche Asset after recent high-level hirings and 13.6% decline in lender's consumer banking.
DBS' Rajan Raju quits consumer banking head post
Raju transfers to Deutsche Asset after recent high-level hirings and 13.6% decline in lender's consumer banking.
Temasek appoints Greg Curl President
Former BofA executive has 34 years of banking and international mergers and acquisition experience.
SMX enhances trading using RTS low latency solutions
RTS to provide access to new trading platform for pan-Asian market on SMX starting 31 August.
Great Eastern Holdings takes over Malaysia's Tahan Insurance
Completion of $6.43mln acquisition from Bank Negara through Overseas Assurance Corporation Malaysia expected on fourth quarter.
DBS joins triResolve for OTC derivatives portfolio reconciliation
triResolve has been able to reduce reconciliation run times by 85% since DBS adopted the service.
CIMB Bank Singapore launches long-term investment product
Max InvestSave customers can invest for 15- or 25- year terms with S$5,000 minimum investment.
Singapore SMEs cautiously optimistic on economic growth
SMEs need to overcome 3 challenges – high operating costs, competition and skills shortage.
DBS appoints Sebastian Paredes Hong Kong unit CEO
Paredes comes in when DBS Hong Kong market value falls as it reported a $1.02bln writedown.
Kim Eng's executive director Ong Seng Gee resigns
Ong's can-do attitude and managerial skills helped Kim Eng flourish during the last decade.
DBS Singapore appoints Sim S. Lim as Country Manager
Lim’s new role will involve developing more acute customer focus and better leverage in the home market.
DBS and PayPal enhance global online shopping experience
Collaboration enables DBS/POSB customers to replenish PayPal accounts for online shopping without credit card.
MAS grants final approval to Singapore Mercantile Exchange
Approval seen as milestone towards creation of a pan-Asian exchange from Singapore.
SGX derivatives market extends trading hours
One-hour extension will enable customers to give prompt response to news and global market movements.
UOB profit up 28% to $602mln
Yet net interest income fell 2.6% to S$884mln while non-interest income dropped 30.7% to S$382 million.
Maybank Singapore launches Maybank Family Fund
Fund targets to raise S$1mln for low-income families through customer events, staff recreation club efforts, and other product and service offerings...
ACRJ One increases share capital to S$1,000
CSML now holds 30% interest and AJI holds 70% interest in ACRJ1
SGX wants wider participation in OTCF derivatives clearing
Proposes to admit GCMs for OTCF contracts requiring MAS regulated holding company and S$100mln Base Capital.
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