Press

5 January 2017

Singapore asks banks to establish clients’ tax residency status under new rules

Published by Reuters – 5th January 2017

Singapore has asked financial institutions to establish the tax residency status of all their account holders and report some of the financial data to authorities, as new rules on financial data sharing kick in to fight tax evasion.

4 January 2017

Credit Suisse appoints new Singapore CEO, makes other management changes

Published by The Business Times – 4th January 2017

Credit Suisse is making changes to its management team in Singapore.

In an announcement on Wednesday, the Swiss bank said that Benjamin Cavalli, head of Southeast Asia and head of Singapore for private banking, has been appointed as its Singapore CEO.

4 January 2017

Fidelity becomes first to clear final regulatory hurdles for local operations in China

Published by Pension & Investments – 4th January 2017

Fidelity International has become the first global asset manager in China to clear the final regulatory hurdle to creating onshore investment products for local institutional and high-net-worth investors.

Fidelity said in a news release Wednesday that its wholly foreign-owned enterprise, established in Shanghai in September 2015, had successfully registered as a “private fund management company” with the government-backed Asset Management Association of China.

3 January 2017

HSBC Private Bank Makes Top-Level Indonesia-Focused Appointments

Published by WealthBriefing Asia – 3rd January 2017

The private bank has made two high-ranking appointments focused on Indonesia, part of a restructure of its teams dealing with the country.

3 January 2017

Management Reshuffle at Indosuez

Published by Finews.asia – 3rd January 2017

Indosuez Wealth Management has calibrated its Asian leadership with the appointment of a Chief Executive Officer for Asia and a Commercial Head of Indosuez Wealth Management, Asia.

Pierre Masclet has been appointed as Chief Executive Officer for wealth management activities in Asia as of 1st January 2017 and as Branch Manager of Indosuez Wealth Management (IWM) in Singapore, subject to regulatory approval.

20 December 2016

Senior Wealth Manager Is Leaving Standard Chartered Private Bank

Published by Wealth Briefing Asia – 20th December 2016

The head of investment advisory for Southeast Asia at Standard Chartered Private Bank is leaving the UK-listed lender, this publication can confirm.

19 December 2016

Senior Regional Market Manager Departs UBS In Southeast Asia; Other Changes Made

Published by Wealth Briefing Asia – 19th December 2016

Vinay Gandhi, regional market manager for India, Indochina, Philippines and the global investors business, has resigned from UBS’s wealth business after been appointed to the role at the start of 2015, this publication can confirm.

The Swiss bank’s former country team head for India international and deputy regional market manager took over at the start of 2015 from Andi Reber to hold the post.

19 December 2016

Asia remains attractive for private banks: LGT’s Prince Max

Published by The Business Times – 19th December 2016

Acquisition of ABN Amro unit seen giving big boost to Liechtenstein bank’s AUM

Asia remains very attractive for private banks even as growth has slowed, said Prince Maximilian von und zu Liechtenstein, chief executive of LGT Group.

19 December 2016

Senior Hire at State Street

Published by Finews Asia – 19th December 2016

The asset management unit of State Street Corporation, State Street Global Advisors, has appointed a new Managing Director and Head of Client Relationship Management for Southeast Asia.

17 December 2016

Prison Sentence for BSI Banker

Published by Finews Asia – 17th December 2016

The former Banca della Svizzera Italiana senior banker Yvonne Seah Yew Foong, was yesterday sentenced to two weeks behind bars and handed a $10,000 fine.

In receiving her prison term Seah followed in the footsteps of her Banca della Svizzera Italiana (BSI) colleague and line boss Yak Yew Chee who is currently serving an 18-week jail term after pleading guilty in November to similar offences.