Press

Published by Bloomberg – 2nd April 2018

Societe Generale SA expects to be part of some “very large” deals involving Saudi Arabia this year, the bank’s chief executive officer for the Middle East said.

Published by Business Times – 3rd April 2018

THE International Monetary Fund (IMF) recently upgraded its forecast for growth in 2018, predicting an expansion of 3.7 per cent, which if correct, would be the highest rate of growth since 2011. For many Asian investors, this was off the back of a brightening 2017, as strong equity and property markets boasted wealth portfolios.

Published by Straits Times – 18th Mar 2018

The boutique VP Bank is upgrading its local subsidiary to a full branch in a bid to capture Asia’s voracious appetite for credit, said Singapore chief executive Bruno Morel. The Liechtenstein-based bank, which celebrates its 10th anniversary in Singapore this year, will also upgrade its merchant bank licence to a wholesale banking one for more freedom and capacity to handle its burgeoning regional business. The new structure is targeted to be implemented by July.

Published by the South China Post – 20th March 2018

The bank has doubled the assets threshold requirement for clients of its Citigold service, looking for a niche in the face of stiff competition from Chinese banks.

Citibank has revamped its wealth management services in mainland China to focus on winning business from among the country’s highest earners as a way to better compete with its much bigger and better-resourced Chinese rivals.

Published by Business Times – 20th Mar 2018

Bank of Singapore, the private bank of OCBC Bank, is looking to expand its family office business as the city-state rolls out the red carpet for wealthy investors.
“We are seeing increasing demand for families moving into the next generation to set a proper structure in place to manage family wealth,” chief executive officer Bahren Shaari said in an interview on Thursday. “Singapore is promoting that, to let families use it as a base to manage their investment activities globally.”
Bank of Singapore’s expansion will heighten competition with European firms like UBS Group and Credit Suisse Group, who’ve long dominated this space.

Published by finews.asia – 20th Mar 2018

Pictet Asset Services will close its booking centres for independent asset managers in The Bahamas, Hong Kong and Singapore at the end of 2018, as finews.asia can reveal.