HSBC Asset Management has hired Cheong Mun Fai from State Street Global Advisors as senior vice president of exchange-traded fund and indexing business development. Based in Singapore, he will be ... ( read original story ...)
Singapore, Swiss licensed digital firm Sygnum raises US$90 million in Series B funding
Singapore and Switzerland-licensed digital asset firm Sygnum has raised US$90 million in a Series B funding that it describes as a “key milestone” in its global expansion and values the firm at $800 ... ( read original story ...)
OCBC phishing scam left victim broke and starving on Christmas Day
Being penniless and hungry on Christmas Day was not something that 33-year-old Trisha (not her real name), whose OCBC bank account was targeted by scammers through an SMS phishing scam on Christmas ... ( read original story ...)
OCBC continues with physical tokens, reversing plan to phase them out
The bank had planned to transition to a fully digital authentication process. . Read more at straitstimes.com. ( read original story ...)
OCBC Bank customer lost $120k in fake text message scam; another had $250k stolen
SINGAPORE - It took him and his wife five years to save about $120,000, but in just 30 minutes, scammers using a fake text message stole the money they had kept in their OCBC Bank joint-savings ... ( read original story ...)
NTUC Income should avoid another ‘POSB’ episode amid bid to corporatise
The co-op insurer must continue providing affordable protection amid its bid to corporatise. . Read more at straitstimes.com. ( read original story ...)
Singapore SPAC Vertex Technology Set for Local Listing on Jan 21 – Source
A Singapore special-purpose acquisition company (SPAC) backed by state investor Temasek's Vertex Venture Holdings has started the book building for its initial public offering (IPO) and is set to list ... ( read original story ...)
HSBC Mulls Raising Stake in China Securities Joint Venture
HSBC Holdings (HSBC) is planning to raise its stake in the securities joint venture - HSBC Qianhai Securities Limited - to 90% as its partner sells the stake. ( read original story ...)
Temasek-backed Vertex files first Spac IPO prospectus, followed by Pegasus
Temasek-backed Vertex Technology Acquisition Corp (VTAC) lodged the first preliminary prospectus for an initial public offering (IPO) with the Monetary Authority of Singapore (MAS) on Thursday (Jan 6) ... ( read original story ...)
HSBC Asset Management adds senior ETF sales executive for Asia
HSBC Asset Management hired SSGA veteran Cheong Mun Fai as a senior ETF, index sales executive for the Asian region. ( read original story ...)
HSBC Asset Management Appoints Senior Vice President, ETF & Indexing Business Development
HSBC Asset Management (HSBC AM) has announced that it has appointed Cheong Mun Fai as Senior Vice President, ETF & Indexing Business Development, effective 1 December, 2021. Based in Singapore, Mun ... ( read original story ...)
OCBC Bank Customers Lost $8.5 Million in Fake SMS Phishing Scams; Police Downplays Hopes of Recovering Stolen Funds
Fraudsters stole at least S$8.5 million from OCBC Bank customers through fake SMS impersonating the bank. OCBC warned of increased phishing scams in December 2021. ( read original story ...)
Revolut Singapore Now Approved by Monetary Authority of Singapore to Offer Gold, Silver Exposure to Clients
Revolut has acquired approval from the Monetary Authority of Singapore to provide clients with gold and silver exposure via the firm's Fintech app. ( read original story ...)
Temasek-backed Vertex Technology is first Spac seeking S’pore IPO
Company reportedly looking to raise $170 million from sale of 34 million units at $5 each. . Read more at straitstimes.com. ( read original story ...)
Nearly 470 people lose at least $8.5m in phishing scams involving OCBC Bank
SINGAPORE - Since the start of December, at least 469 people have fallen prey to phishing scams involving OCBC Bank, with reported losses totalling at least $8.5 million. Most of the amount was lost ... ( read original story ...)
S’pore-licensed crypto firm Sygnum crosses $1 billion valuation with latest fundraising
Digital asset bank Sygnum, licensed in Singapore and Switzerland, has raised $120 million in an oversubscribed Series B funding round led by Hong Kong-listed alternative investment company Sun Hung ... ( read original story ...)