Prior to joining DBS, he was Citibank’s Global Head of operations for the Private Bank. Digital Commitment Change? In 2014 DBS Chief Executive Piyush Gupta announced that the bank would spend an additional 200 million Singapore dollars on its digital ... ( read original story ...)
UOB AM Goes For Tech Growth
Singapore's UOB Asset Management has partnered with a prominent U.S fund manager to tap into the current enthusiasm around all things tech. UOB Asset Management (UOBAM) has partnered US-based T. Rowe Price International Ltd. (T. Rowe Price) to offer retail ... ( read original story ...)
Singapore's UOB gets nod to open wholly owned bank in Vietnam
Vietnam's central bank has granted initial approval for Singapore’s United Overseas Bank Ltd (UOB) to open a wholly foreign-owned bank in Vietnam, Singaporean Prime Minister Lee Hsien Loong said on Thursday. “This is a major step forward by the ... ( read original story ...)
UOB makes senior hire in Singapore as it poaches from Stan Chart
UOB has hired a Standard Chartered veteran for a head of department job. http://news.efinancialcareers.com/sg-en/277403/hires-singapore-banks/ UOB has hired senior regulatory specialist and Standard Chartered veteran Charmaine Chow to head up group ... ( read original story ...)
Tickets for HSBC Singapore Rugby Sevens Now Available on StubHub
Tickets for the HSBC Singapore Rugby 7s on 15 and 16 April 2017 can now be purchased on StubHub. StubHub has ticketing portals that support 36 currencies and can be accessed in more than 20 languages. Purchased tickets are then emailed directly to the buyer. ( read original story ...)
Ex-DBS trader gets jail in Singapore’s first spoofing case
Dennis Tey Thean Yang, 33, was given the sentence today. The former DBS Vickers Securities (Singapore) Pte broker had pleaded guilty to eight of 23 charges, including attempts to artificially move prices through fraudulent securities orders and misusing ... ( read original story ...)
The Singapore Stock Market’s Near A 52-Week High: Here Are 9 Things Investors Should Keep In Mind – No.1 to No.4
It may seem like a distant memory now, but stock markets around the world – Singapore’s included – began trading in 2016 with ample fear and anxiety. Many market indexes ended up falling between 10% and 20% in the first few weeks of 2016. Fast ... ( read original story ...)
The Singapore Stock Market’s Near A 52-Week High: Here Are 9 Things Investors Should Keep In Mind – No.5 to No.9
It may seem like a distant memory now, but stock markets around the world – Singapore’s included – began trading in 2016 with ample fear and anxiety. Many market indexes ended up falling between 10% and 20% in the first few weeks of 2016. Fast ... ( read original story ...)
Ex-DBS Vickers trader jailed 16 weeks in Singapore’s first spoofing case
SINGAPORE — A former trader at DBS Group Holdings’ brokerage unit was sentenced to 16 weeks in jail after being convicted in Singapore’s first criminal spoofing case. Dennis Tey Thean Yang, 33, was given the sentence on Wednesday (March 22). ( read original story ...)
Ex-DBS Trader Jailed 16 Weeks in Singapore's First Spoofing Case
A former trader at DBS Group Holdings Ltd.’s brokerage unit was sentenced to 16 weeks in jail after being convicted in Singapore’s first criminal spoofing case. Dennis Tey Thean Yang, 33, was given the sentence on Wednesday. The former DBS Vickers ... ( read original story ...)
Whether based in UK or HK, HSBC’s new chairman is one tough customer
Hong Kong, according to the latest analysis from the Economist Intelligence Unit, is the second most expensive city in the world to live in, beaten only by Singapore ... has been chosen as the next chairman of HSBC, Britain and Europe’s biggest bank ... ( read original story ...)
Fitch Assigns Final 'AAA' Rating to OCBC's Inaugural Covered Bonds; Outlook Stable
At 31 January 2017, the cover pool consisted of 8,319 prime Singapore private residential mortgages equivalent to SGD5.7bn. The OCBC-calculated WA indexed loan-to-value ratio is 57.9%, and the portfolio is 59.5 months seasoned. By current balance ... ( read original story ...)
Singapore’s stock market rally slammed by oil and gas woes
The S&P 500 index slid for a third day, dragged by financial (-0.9%) and utility (-0.68%) sectors. Market sentiment has been weighed by news that the FBI is probing possible ties between Russia and Donald Trump’s presidential campaign, according to FBI ... ( read original story ...)
Singapore Bank Stocks: More Oil Pain to Come?
DBS is Maybank Kim Eng’s preferred pick within its Singapore banks coverage despite having the largest exposure to Ezra Holding, the Singaporean oil & gas services company which has filed for U.S. bankruptcy. Maybank Kim Eng has a hold rating DBS with a ... ( read original story ...)
Singapore banks’ exposures Ezra ‘lower than expected’
SINGAPORE (March 20): UOB KayHian says it is keeping to its conservative 2017 earnings forecast for Singapore’s banking sector, which is 6% below consensus estimates for DBS and 7% below consensus estimate for OCBC. This comes after factoring the banks ... ( read original story ...)
Singapore Bans Ex-Bankers Linked to 1MDB From Working in Financial Sector
SINGAPORE—Singapore’s central bank said it has banned a former director of Goldman Sachs Group Inc.’s local branch from operating in the financial sector and plans to ban three more people from other banks, following investigations linking them to ... ( read original story ...)