Press

23 September 2016

Julius Baer steps up Singapore, HK hiring

Published by Asia First – 23rd September 2016

Swiss private banking group Julius Baer is stepping up hiring in Singapore and Hong Kong as it sees Asia overtaking Europe as the group’s biggest revenue-generating region. Julius Baer CEO Boris Collardi said more than half of about 200 new bankers that the wealth manager plans to hire this year will be based in Asia. Last year, Asia contributed about USD549m of the group’s operating income.

21 September 2016

80% of assets Indonesians stashed overseas are in Singapore: Indonesia’s finance minister

Published by The Straits Times – 21st September 2016

JAKARTA – Wealthy Indonesians have stashed about US$250 billion (S$340 billion) worth of assets overseas, of which a whopping 80 per cent are kept in Singapore.

This was revealed by Indonesia’s Finance Minister Sri Mulyani Indrawati on Tuesday (Sept 20) during a judicial review of her country’s Tax Amnesty Bill.

21 September 2016

PIMCO brings in Steve Chiu as head of Hong Kong retail, global wealth management

Published by Asia Asset Management – 21st September 2016

Global investment management firm PIMCO has hired Steve Chiu as a senior vice president and head of Hong Kong retail.

Reporting to Michael Thompson, head of global wealth management Asia ex-Japan and head of Singapore, Mr. Chiu will lead PIMCO’s efforts in building distribution partnerships with financial intermediaries in Hong Kong, with a particular focus on retail banks, insurance companies and independent financial advisors.

20 September 2016

KKR Names Paul Yang to Head China as Liu, Wolhardt Head for Exit

Published by Bloomberg – 20th September 2016

Private equity firm KKR & Co. said Paul Yang, the president and chief executive officer of Taipei-based merchant bank China Development Financial Holding Corp., will head its greater China operations from January next year.

The announcement comes as two of the executives who helped to build KKR’s China business head for the exit.

20 September 2016

Crossbridge Capital to launch digital investment platform

Published on The Straits Times – 20th September 2016

Independent wealth management firm Crossbridge Capital will launch Singapore’s first digital advisory platform for accredited investors by the end of the year.

The platform will allow clients to use the latest technology to manage their investments “in their own time and without the high fees of traditional operators”, the British-based firm said yesterday.

20 September 2016

Chubb Life appoints new Hong Kong chief agency officer

Published by Hubbis – 20th September 2016

Chubb Life has named Raymond Ting as the chief agency officer as part of its Hong Kong operation.

19 September 2016

Harvest Global Investments Ltd Has Appointed Ashley Dale as Chief Business Development Officer and Chief Marketing Officer

Published by Yahoo Finance – 19th September 2016

Harvest Global Investments Ltd (‘HGI’) has appointed Ashley Dale as Chief Business Development Officer and Chief Marketing Officer. Based in Hong Kong and reporting to James Sun, CEO, he heads the marketing and overall business development for Asia, North & South America, Europe and The Middle East for one of Asia’s largest investment managers.

19 September 2016

AXA IM announces raft of senior hires for new absolute return team

Published by Investment Week – 19th September 2016

AXA Investment Managers has made a number of senior hires for its new liquid absolute return strategies team, called AXA IM Chorus.

Jérôme Brochard and Hector Chan are set to take on co-chief investment officer roles, having joined the group from Goldman Sachs.

19 September 2016

Standard Chartered in Fintech Investment

Published by Finews Asia – 19th September 2016

Accelerating the bank’s digitisation agenda, Standard Chartered has made a strategic investment in Ripple, a leading distributed ledger company.

Standard Chartered first partnered with Ripple in December 2015 where it successfully completed a proof of concept to deliver the world’s first application of distributed ledger technology to enhance the overall security of trade finance invoicing.

16 September 2016

Deutsche Bank Is Asked to Pay $14 Billion to Resolve U.S. Probe Into Mortgage Securities

Published by The Wall Street Journal – 16th September 2016

The U.S. Justice Department proposed that Deutsche Bank AG pay $14 billion to settle a set of high-profile mortgage-securities probes stemming from the financial crisis, according to people familiar with the matter, a number that would rank among the largest of what other banks have paid to resolve similar claims and is well above what investors have been expecting.

Julius Baer steps up Singapore, HK hiring

80% of assets Indonesians stashed overseas are in Singapore: Indonesia’s finance minister

PIMCO brings in Steve Chiu as head of Hong Kong retail, global wealth management

KKR Names Paul Yang to Head China as Liu, Wolhardt Head for Exit

Crossbridge Capital to launch digital investment platform

Chubb Life appoints new Hong Kong chief agency officer

Harvest Global Investments Ltd Has Appointed Ashley Dale as Chief Business Development Officer and Chief Marketing Officer

AXA IM announces raft of senior hires for new absolute return team

Standard Chartered in Fintech Investment

Deutsche Bank Is Asked to Pay $14 Billion to Resolve U.S. Probe Into Mortgage Securities

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