Top Headlines in the Last 7 Days
(12th – 18th Dec 2016)
No. 1 Ex-BSI Banker Convicted
Yvonne Seah Yew Fong, a former BSI SA private banker became the second person to be convicted in the probe into money laundering linked to 1MDB.
Yvonne was found guilty of three charges for aiding in forging documents and failing to report suspicious transactions allegedly related to Low Taek Jho. Learn More …
No. 2 Credit Suisse Names New Chief Investment Officer
Credit Suisse has named Burchard Varnholt Chief Investment Officer with effect from 1st January 2017. This is in addition to his responsibilities as deputy global Chief Investment Officer and Vice Chairman of the investment committee.
He will takeover Anja Hochberg who will continue as Head of Investment and remain a member of the investment committee. Learn More …
No. 3 Citi Appoints Asia Pacific Business Development Head
Citi has appointed Kevin Lam the Asia Pacific Business Development Head between its private bank, corporate and investment bank. This is in addition to his role as COO of Citi’s Hong Kong corporate and investment banking unit.
He will report to Mark Slaughter, Head of Corporate and Investment Banking Asia Pacific and Bassam Salem, Citi Private Bank CEO for Asia Pacific. Learn More …
No. 4 Key Head in Edmond de Rothschild Leaves
Edmond de Rothschild Head of Asset Management Roderick Munsters is leaving after seven months. He will leave with immediate effect. The bank will appoint Vincent Taupin to replace him, who will remain part of the asset management subsidiary’s board.
Vincent Taupin already runs Rothschild’s French operations and will add this new asset management role to his current roles. Learn More …
No. 5 UBS Changes Southeast Asia Management Structure
UBS has changed the structure of its wealth management activities in South East Asia. This will take effect from January onwards. All the Market Heads in Singapore, Philippines, Thailand and Malaysia will now report directly to August Hatecke, the overall Head of Wealth Management in the region.
The restructuring is done in a bid to make the Swiss private bank more efficient. Learn More …
No. 6 Perpetual Investments Appoints New Chairman
Perpetual Investments has named the former Chairman of Australian Securities and Investments Commission, Tony D’ Aloisio as Chairman elect. Peter Scott who is the current chairman will step down on 31st May 2017. He has been Chairman since 2010.
D’ Aloisio has served as Managing Director and CEO for ASX for two years until 2006 and was also the Chief Executive Partner at law firm Mallesons Stephen Jaques for 12 years. Learn More …
No. 7 Vontobel Emerging Markets Fund Performance Declines after Departure of Key Personnel
Rajiv Jain was ex-Vontobel Fund Manager and managed the emerging markets equity fund. The fund had excellent performance and was able to obtain billions in client assets. After his departure, the emerging markets equity fund had a performance of 5.2% so far this year.
The benchmark on the other hand, MSCI Emerging Markets Index increased by 14.8%. Learn More …
No. 8 Standard Chartered Appoints New Global Head
Standard Chartered has appointed Roberto Hoornweg as Global Head, Financial Markets. He will be in charge of managing the Financial Markets business which includes Capital Markets, Commodities, FX, Rates & Credit.
Previously, he was in Morgan Stanley for 17 years where he has various senior roles in fixed income derivatives and was Head of Global Interest Rates, Credit and Currencies. Learn More …
No. 9 Nomura Launches New Fund for Malaysian High Net Worth Clients
Nomura has started a new fund for High Net Worth clients in Malaysia. The Nomura Global High Conviction Fund is available in Malaysia from to sophisticated investors.
This group includes those whose total net personal assets exceed MYR 3 million or gross annual income exceeded MYR 300K in the following year. Learn More …
No. 10 HSBC Launches Luxury Service for Top Premier Customers
HSBC has started an invitation only membership program called Jade by HSBC Premier It is targeted at HSBC Premier customers with a minimum of 1- 5million in investable assets.
The program is developed together with Saatchi & Saatchi London and offers a banking service unparalleled to any other. Learn More …
Credits: Finews Asia, Reuters, Bloomberg, Nomura Press Release, Saatchi & Saatchi Press Release
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