New HSBC chairman welcomed by the City

AIA’s loss is HSBC’s gain, if investors’ reaction to the appointment of Mark Tucker as the next chairman of Europe’s biggest bank is anything to go by. Shares in insurance giant AIA slumped 3pc in Hong Kong while HSBC stock climbed as much as 1.8pc ... ( read original story ...)

DBS seeks new CIO at wealth division as Lim retires, sources say

DBS Group (Singapore Exchange: DBSM-SG), Southeast Asia's largest bank, is looking for a new chief investment officer for its expanding wealth management division to replace Lim Say Boon, who is retiring after serving seven years, people familiar with the ... ( read original story ...)

Singapore bans former Goldman Sachs banker linked to 1MDB

Leissner resigned from the bank in February 2016. "MAS will not tolerate conduct by any finance professional that threatens to undermine trust and confidence in Singapore’s financial system," Ong Chong Tee, a MAS deputy managing director, said in a ... ( read original story ...)