The growth was mainly driven by traditional investments, according to the Singapore Asset Management Survey 2025. Read more at straitstimes.com. Read more at straitstimes.com.
HSBC to Divest Singapore Insurance Unit to Allianz for $2.09B
HSBC is set to sell its Singapore insurance unit to Allianz for $2.09B, advancing simplification while retaining insurance distribution through a 15-year deal.
Citi expands Asia FX options desk with three senior trader hires in Singapore
HONG KONG, July 28 (Reuters) - Citigroup has appointed three senior traders to its foreign exchange options desk in Singapore as it seeks to boost its regional market-making and risk management ...
HSBC commits to proprietary AI in Singapore as agentic treasury goes mainstream
HSBC AI Centre of Excellence in Singapore, announced July 27, 2026, will build proprietary agentic treasury AI systems using the bank's own transaction data — at a moment when 52% of financial ...
Singapore sets up AI taskforce to bolster financial sector against cyber threats
Singapore's central bank and the banking industry have formed a taskforce to strengthen the financial sector's resilience against increasingly sophisticated cyber threats driven by advances in ...
Singapore’s financial sector grew 4.3% in 2025, created 4,200 jobs over five years
SINGAPORE – Growth in the financial services sector here slowed to 4.3 per cent in 2025, down from 7.3 per cent in 2024. This was broadly in line with the 2021 to 2025 average of 4.6 per cent, despite ...
HSBC Life Singapore deal: Allianz says no layoffs, existing policies unaffected
Allianz assures no job cuts and honouring existing policies in its proposed €2 billion acquisition of HSBC Life Singapore. Read more at straitstimes.com. Read more at straitstimes.com.
EUDA Health Signs Important Tri-Party Memorandum of Understanding with GO POSB Organoids and Shenzhen Inno to Significantly Advance Next-Generation iPSC and NK-TCR Cell Therapies
EUDA Health Holdings Limited (NASDAQ: EUDA) a Singapore-based distributor of third-party provided wellness and non-invasive healthcare products and services in Asia, with a focus on Singapore, ...
Singapore dollar steady, supported by tighter MAS policy
The dollar fell against a basket of currencies, amid uncertainty over the U.S.-Iran conflict and following renewed calls for interest-rate cuts from President Trump.
DBS says its gen-AI enabled virtual assistants reach 10 million customers
DBS has rolled out virtual assistants DBS Joy and DBS digibot, which can handle 1 million chats monthly, to 10 million customers in, Hong Kong and Taiwan ...
Gewu Asset Management PTE LTD Announces Strategic Expansion of AI-Driven Investment Solutions to Meet Growing Institutional Demand
Gewu Asset Management PTE LTD, a Singapore-based investment management company, today announced the strategic expansion of its artificial intelligence-powered investment capabilities, reinforcing its ...
Apollo Global to invest $1.5 billion in Keppel oil rig fund
July 27 (Reuters) - Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that will hold six operational oil rigs, the two companies said on Monday. The deal ...
Apollo and Singapore’s Keppel to Invest in New Offshore Energy Asset Fund
Apollo (NYSE: APO) today announced that Apollo-managed funds and affiliates (“Apollo Funds”) have agreed to invest $1.5 billion into Keppel Ltd.’s (SGX: BN4) Keppel Offshore Fund, LP (“the Fund”), ...
HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub
HONG KONG, July 27 (Reuters) - HSBC will hire more than 100 artificial intelligence specialists and 100 wealth managers in Singapore, deepening investment in two areas central to the bank's Asian ...
HSBC to hire 100 AI specialists as bank sets up Singapore centre
HSBC said that the Singapore centre will initially focus on introducing agentic treasury solutions and developing AI-enabled digital payments.
HSBC plans to hire 100 AI specialists and 100 more RMs for wealth management
HSBC announces plans to hire 100 AI specialists and 100 more RMs for its wealth and private banking business as part of its new Global AI Centre of Excellence to be established in Singapore in 2H2026 ...