Singapore

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  Wealth manager BSI launches Asia blitz

  09 Mar 2010 Market move, Private banking
  The Switzerland-based firm says it is launching a new initiative to expand its business in Asia. It is timed to coincide with the official start of Hanspeter Brunner as CEO of BSI Bank Ltd Singapore.

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  Julius Baer names south-east Asia head

  08 Mar 2010 Market move, Private banking
  The firm has appointed David Lim as private banking head for south-east Asia. He succeeds Wilfred Kofmehl, who steps down to focus on key client relationships. Asiamoney.com interviews regional CEO Thomas Meier on the move and the bank's growth plans.

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  RBS Coutts moves global joint CIO to Asia

  03 Mar 2010 Market move, Private banking
  The international private banking arm of the Royal Bank of Scotland said it had relocated global co-chief investment officer Nick Cringle to Hong Kong. Manfred Liechti also started in Singapore this week as its market head for south-east Asia.

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  Credit Suisse in Asia private banking reshuffle

  01 Mar 2010 Market move, Private banking
  The bank names Werner Schlossmacher head of investment solutions for south-east Asia and Australasia in a reshuffle, adding to his role as head of structured derivatives. He succeeds Christian Senn as the bank pushes into the ultra-high-net-worth segment.

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  Business news: the past week in Asia

  26 Feb 2010 Market wrap
  BoCom announces plans for a rights issue, while Morgan Stanley moves closer to selling its stake in CIC. Hong Kong said it would raise taxes to deflate a potential property bubble and Dai-ichi Life’s targets what would be the world’s largest IPO this year.

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  DBS confirms head of global transaction services

  23 Feb 2010 Cash management, Market move
  The Singaporean bank has appointed Tom McCabe from StanChart as head of global transaction services. He succeeds Pranam Wahi, who is being transferred to be Middle East head for DBS Bank, effective from March.

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  Market praises UBS’ move to unite DCM teams

  22 Feb 2010 Investment banking, Bonds, Loans, Market move
  Observers say the bank’s move to unite debt origination businesses in Asia is smart and will boost revenues. UBS has made a number of DCM appointments in the region, according to an internal memo seen by asiamoney.com.

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  ANZ hires private banking head in Singapore

  19 Feb 2010 Market move, Private banking
  The firm has hired Jens Rzesacz as head of its private bank for south and south-east Asia. He returns to the market after a year following his departure last February from Deutsche Bank Private Wealth Management.

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  Julius Baer hires IT head in Singapore

  18 Feb 2010 Market move, Private banking
  The private bank announces the appointment of Eddy Tai as head of information technology for Asia and the Middle East. It said that the move signified the importance of the city-state as a hub to propel its regional growth.

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  Deutsche targets Asia investors with fixed income ETFs

  11 Feb 2010 Bonds, Asset management
  The German bank believes central banks and corporates in Asia will invest further in fixed income exchange-traded funds, and has launched three such funds in Singapore.

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  Business news: the past week in Asia

  11 Feb 2010 Market wrap
  Australia’s richest man gets Chinese funding for a mega-mine, Kirin and Suntory end merger discussions, Temasek launches a new US$4 billion fund, and Taiwan lets its chip- and screen-makers invest more into the mainland.

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  Asia ready for dark pools plunge, says Chi-East CEO

  09 Feb 2010 Stock & exchange, Broking
  The region is primed for alternative crossing networks for investors, says Ned Phillips, the new CEO of Chi-East, the joint venture dark pool between Singapore Exchange and Chi-X Global.

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  Barclays Wealth nabs three South Asia bankers from UBS

  09 Feb 2010 Private banking
  The UK private bank appointed Vikram Malhotra as head of its South Asia team after snatching him from UBS. Malhotra’s colleagues Jagdish Kale and Rohit Nanani accompanied him to his new employer.

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  RBS Coutts hires SE Asia market head from UBS

  05 Feb 2010 Market move, Private banking
  The international private banking arm of RBS has hired Manfred Liechti from UBS as market head for south-east Asia in Singapore. The firm has added over 60 staff in Singapore and Hong Kong since suffering an exodus.

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  Country deals of the year: Singapore

  01 Feb 2010 Bonds, Polls & awards
  Temasek Holdings' US$500 million, 30-year bond issue last year cemented its name as a rare but intelligent borrower. It wins Asiamoney's award as Singapore's best transaction of the past year.

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  OCBC aims to extend private banking reach

  29 Jan 2010 M&A, Private banking
  OCBC unveils its Bank of Singapore wealth management entity following acquisition of the Asian private banking assets of ING. Its CEO David Conner is hoping to infiltrate new markets such as the Middle East and Europe.

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  Deutsche targets growth in trade and export finance

  27 Jan 2010 Nations & economies, Project finance, Market move
  The German bank has hired Paul Gardner from RBS as its Asia-Pacific head of structured trade and export finance, based in Singapore. It also expects to announce more appointments soon in an area it views with optimism.

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  Editorial: casinos raise Singapore’s financial stakes

  20 Jan 2010 Nations & economies, Editorial
  The creation of two casino and entertainment complexes in the city-state will benefit its economy, property valuations and asset prices initially, but could make the country even more cyclical. Gamblers beware.

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  India’s Avendus hires Kapadia as private wealth head

  19 Jan 2010 Market move, Private banking
  Financial services firm Avendus Capital has appointed Nikhil Kapadia from Deutsche Bank to be chief executive of its private wealth management business. He returns to Mumbai after less than a year in Singapore.

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  StanChart Private Bank appoints global head of trust

  13 Jan 2010 Market move, Private banking
  Standard Chartered Private Bank has named Mark Jackman as global head of its trust and fiduciary business. Previously he was Asia head for Rothschild Private Banking & Trust.

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  UBS Wealth Management hires Vinay Gandhi

  12 Jan 2010 Market move, Private banking
  The Swiss bank has appointed Vinay Gandhi to run its non-resident Indian business out of Singapore. He joins after a very short stint at J.P. Morgan Private Bank, which only announced his hire last November.

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  J.P. Morgan Private Bank to relocate global head to Asia

  12 Jan 2010 Market move, Private banking
  Doug Wurth is set to relocate from New York to Hong Kong as head of international private banking for J.P. Morgan. The move follows an unsettling period for the US private bank, which has had several regional departures.

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  Former ‘Asian Tiger’ economies on comeback trail

  12 Jan 2010 Stock & exchange, Nations & economies
  The region’s developed economies have rebounded strongly from the financial crisis and stand to benefit from a recovery in global trade, says a fund manager.

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  Julius Baer picks up Lee from UBS in Singapore

  11 Jan 2010 Market move, Private banking
  The Swiss wealth manager announces the appointment of Lee Boon Keng as managing director and joint-head of its investment solutions group in Singapore. He came from UBS, where he worked for just three months.

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  UBS names Marx as country team head in Singapore

  08 Jan 2010 Market move, Private banking
  The Swiss bank has hired Reto Marx as country team head for south Asia ultra-high-net-worth business in Singapore. He starts in May, having parted company with Sarasin in October as its south-east Asia head.

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  Business news: the past week in Asia

  08 Jan 2010 Market wrap
  Japan’s government names a new finance minister while Beijing edges up local borrowing rates. The Philippines enjoys great demand for its bond reopening, while firms set to list on the ChiNext exchange are enjoying such good demand that the bourse could alter its rules to dampen investor enthusiasm.