StanChart is said to plot Asia hubs in Singapore, Hong Kong

LONDON: Standard Chartered Plc plans to create two new hubs for its Asian operations in Singapore and Hong Kong to simplify the emerging market lender’s extensive network and reduce costs, people familiar with the plan said. The bank has drawn up plans ... ( read original story ...)

Standard Chartered eyes 2 separate hubs in Asia

In order to make operations simpler, Standard Chartered Plc intends to make two new hubs for its operations in Asia. One hub will be in Singapore while the other will be set up in Hong Kong. Sources said the company hopes to simplify its extensive network ... ( read original story ...)

Singapore’s ultra-rich increased 11.5% last year

The wealth of HNWIs in Singapore grew by 12.8% to $858.42 billion in 2017. Singapore now has more high net worth individuals (HNWIs), whose wealth also grew by 12.8 percent from $761.24 billion in 2016 to $858.42 billion in 2017, reported Singapore ... ( read original story ...)