Published by Singapore Business Review – 18th July 2017
As things get disrupted within the Singaporean financial world with new tech, it’s no surprise that the way we use currency is being affected as well. In February, it was reported that Numerai— a new kind of hedge fund built by a network of data scientists—started issuing a new digital currency. Its aim? To turn Wall Street into a place where everyone’s on the same team. Could the same come to Singapore?
ZURICH (Reuters) – Switzerland’s EFG International (EFGN.S) and Brazil’s BTG Pactual (BPAC3.SA) have struck a deal on the final price for BSI Bank at just under 1 billion Swiss francs ($1.04 billion), after billions in outflows at BSI had pushed down the value of the transaction.
Published by Asia Asset Management – 14th July 2017
Axioma, a provider of enterprise market risk and portfolio analytics solutions, sees a strong overall demand for passive investments in Asia, in line with the recent global growth in the space.
In an exclusive interview with Asia Asset Management, New York-based Christopher Woida, managing director (MD) of index solutions at Axioma, talks about some of the passive products and strategies that institutional investors in Asia are embracing.
Credit Agricole’s Indosuez Wealth Management arm has signed a deal to buy the Singapore and Hong Kong private banking businesses of French rival Credit Industriel & Commercial (CIC), CIC said on Thursday.
The firm has made a number of hires over the last two months to expand its South Asia operation. Standard Chartered Private Bank has expanded its global South Asia private banking operation with a number of hires over the past few months, all based in Singapore.
Bharath Shetty was hired as managing director and team head in June, Gagan Mehorotra was appointed as executive director in May, Apurva Kothari and Deepak KV were both appointed managing directors in June, and lastly, Komal Syal was hired as a managing director in early July, the firm said in a statement.