Press

12 July 2017

Investors flock to Vanguard funds, dump Goldman, Wells Fargo, and others

Published by MarketWatch – 12th July 2017

In the world of asset management, it increasingly seems like there’s Vanguard, and then there’s everyone else.

The investment management giant has taken in more than $177.3 billion in inflows across its products thus far in 2017, according to Morningstar data. That’s about as much as its 10 closest competitors—combined.

12 July 2017

Manulife AM favours ‘new China’ equities

Published by Fund Selector Asia – 12th July 2017

Earnings recovery and structural reforms in China will benefit consumer-oriented sectors, argues Chay Kai Kong, managing director and senior portfolio manager for Greater China equities at Manulife AM.

12 July 2017

Temasek’s portfolio values rises 13% as equity markets improve

Published by Nikkei Asian Review – 12th July 2017

Singaporean state fund’s new investment falls 47% as high valuations spark caution.

12 July 2017

Aberdeen Launches «New» Funds

Published by Finews.asia – 12th July 2017

Aberdeen Asset Management has launched five funds, including the debut of multi-asset strategies for retail investors, simultaneously for sale to the public in Singapore.

12 July 2017

Northern Trust Adds to Greater China Team

Published by Finews.asia – 12th July 2017

Northern Trust has made a series of senior appointments across its institutional client service and business development teams.

12 July 2017

Ex-BSI Banker Gets 54 Months Prison Sentence

Published by Finews.asia – 12th July 2017

Yeo Jaiwei, the former wealth planner employed by now defunct BSI Bank, pleaded guilty in Singapore to money-laundering and cheating.

12 July 2017

HSBC, UBS settle US rate-rigging litigation; total payout tops S$560 million

Published by The Straits Times – 12th July 2017

NEW YORK (REUTERS) – HSBC Holdings Plc and UBS Group AG have each agreed to pay US$14 million (S$19 million) to settle private US litigation accusing them of rigging an interest rate benchmark used in the US$483 trillion derivatives market.

12 July 2017

UBS Asia Private Bank Rejigs

Published by Finews.asia – 12th July 2017

UBS has announced organisational changes to its wealth management and ultra-high net worth business in Asia. The moves follow the follow of high-profile private banker Ravi Raju from Deutsche Bank.

11 July 2017

DBS Private Bank Hires From Rival

Published by Finews.asia – 11th July 2017

Singapore’s largest bank has announced the appointment of a Head of Portfolio Counselling and Product Strategy at DBS Private Bank.

11 July 2017

Indonesia to bring home tax money parked in Singapore

Published by The Jakarta Post – 11th July 2017

The government is to hunt down tax money from Indonesians who park their money in Singapore, following an offer from Singapore to allow Indonesia to access the financial data of Indonesians in the neighboring country.