Top Headlines in the Last 7 Days
(6th – 12th Mar 2017)
No. 1 Standard Life and Aberdeen Asset Management Confirm Merger
Standard Life and Aberdeen Asset Management have agreed to an all share merger terms, which will create one of UK’s largest asset managers with a combined market value of more than 11 billion pounds.
Standard Life will acquire Aberdeen Asset Management for about 3.8 billion pounds. Learn More …
No. 2 Singapore’s CPFIS-Included Funds Gained 1.32% for Q4 2016
Thomson Reuters Lipper reported an average of 1.32% gained in Q4 2016 for all CPFIS-included funds. CPFIS-included Unit Trusts average 2.36% returns while CPFIS-included ILPs rose 0.69%.
This was announced in its findings on the performance of Unit Trusts and Investment-linked Products (ILPs) included under the Central Provident Fund Investment Scheme (CPFIS) as of 31 December 2016. Learn More …
No. 3 Indosuez Wealth Management Adds to Singapore Team
Indosuez Wealth Management has hired a senior banker to the Singapore unit. Lynda Leong will take up the role as Senior Director
Lynda has more than 20 years of experience as a client advisor and private banker. Before joining Indosuez, she worked with Julius Baer and UBS in Singapore and Taipei. Learn More …
No. 4 Lioncrest Global Forms Partnership with Ops Capital
Lioncrest Global & Ops Capital have signed a strategic cooperation agreement which allows both firms to bring attractive and unique venture capital and private equity deals to their clients.
Ops Capital is a boutique corporate consultancy firm that engages in domestic and international transactions for small and medium sized enterprises. Learn More …
No. 5 VP Bank Reports 2016 Results
VP Bank generated a positive group net income for 2016, equalling CHF 58 million. VP Bank has recorded an increase of 2.8% in assets under management compared to 2015.
Clients assets under management now total CHF 35.8 billion. In total, the net new money inflow from client assets was CHF 7 million. Learn More …
No. 6 Lombard Odier Reports 2016 Results
Operating income for 2016 was CHF 1.04 billion, 3% lower in 2015. Consolidated net profit also fell 13% to CHF 124.5 million.
However, client assets rose by 4% to CHF 233 billion in 2016 from CHF 224 billion in 2015. Net inflows and market performance lifted the client assets performance over the year. Learn More …
No. 7 Former Trader Convicted in First Spoofing Case in Singapore
An ex-trader at DBS Vickers Securities Singapore Pte was convicted for spoofing the securities markets in Singapore’s first such criminal case.
Dennis Tey pleaded guilty to eight of the 23 charges including attempts to artificially move prices through fraudulent securities orders and misusing other people trading accounts without permission. Learn More …
No. 8 New Appointment in UBS Hong Kong
UBS has appointed Chris Ng as Head of Banking Products, Hong Kong, Investment Products and Services (IPS).
He will be replacing Michael Christo to be the Desk Head. This will be effective as of 6th March 2017. Learn More …
No. 9 Appointment of Head of Markets and Securities Services in Citi Hong Kong
Citi has appointed David Russell as Head of Markets and Securities Services for Citi Hong Kong in addition to his current position as Asia Pacific Head of Securities Services.
He will now be in charge of growing market share across all customer segments and work with key stake holders to capitalise on opportunities across all markets and securities services product lines. Learn More …
No. 10 J Safra Sarasin Announces 2016 Results
J Safra Sarasin has reported an increase of 9.4% in net profit from CHF 230.5 million in 2015 to CHF 252.1 million in 2016.
In addition, assets under management has also increased from CHF 144 billion in 2015 to CHF 148 billion in 2016. Cost income ratio is stable at 60% which positions the bank as one of the best in the private banking industry. Learn More …
Credits: finews asia,The Wealth Insider, Bloomberg, Thomson Reuters Press Release, Asia Asset, Lombard Odier Press Release, VP Bank Press Release, J Safra Sarasin Press Release, Lioncrest Global Press Release
March 2017 Headlines
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