Latest News for: Singapore private banking


Swiss private banker admits US tax evasion scam

Swissinfo 31 Mar 2023
A Swiss banking executive has owned up to his role in a $60 million (CHF66 million) tax evasion racket that laundered money through Switzerland, Hong Kong and Singapore.

Many wealthy people are considering leaving China

Economist 30 Mar 2023
Regulatory crackdowns have devastated once-thriving sectors like private education ... But the clearest sign of wealth shifting to Singapore is a growing number of Chinese family offices—private companies which manage a family’s assets. According to data from Singapore’s central bank, the number of such offices rose from 33 in 2019 to 347 in April 2022.

WMI And The Private Banking Industry Join Forces To Strengthen Singapore's Position As A Philanthropy Hub

MENA FN 28 Mar 2023
(MENAFN - Media OutReach Limited) SINGAPORE - media outreach - 28 March 2023 - The Wealth Management Institute (WMI) and the Private Banking Industry Group (PBIG) announced the launch of the Impact ... .

WMI and the Private Banking Industry Join Forces to Strengthen Singapore’s Position as a Philanthropy Hub

Vietnam News 28 Mar 2023
WMI and the Private Banking Industry Join Forces to Strengthen Singapore’s Position as a Philanthropy Hub ... It was re-constituted from the Private Banking Advisory Group in 2011, with the support of the Monetary Authority of Singapore to further strengthen the competency and market conduct standards of the private banking industry in Singapore.

Family office push shifts to high gear

Hong Kong Standard 21 Mar 2023
Hong Kong's asset and wealth management businesses grew by just 2 percent to US$4.53 trillion (HK$35.33 trillion) in 2021, saddled by a 6 percent drop in private banking and private wealth management assets. Over the same period, Singapore boosted assets by 16 percent to HK$4.04 trillion.

Shifting gears: Bandhan MF plans to unlock its growth potential

Live Mint 19 Mar 2023
The name change comes after the Securities and Exchange Board of India approved the acquisition of IDFC MF by Bandhan Financial Holdings (the parent company of Bandhan Bank), GIC (Singapore government’s sovereign wealth fund) and private equity firm ChrysCapital.

Robust digital infrastructure plays major role in achieving national goals: Shringla at G20

Beijing News 05 Mar 2023
"The unique feature of India's digital architecture is that it is open source, that it is owned by public institutions and backed by the Reserve Bank of India and not by private monopolies,"The India-Singapore Initiative of linking India's UPI with Singapore's pay now for ...

Malaysia and Indonesia can benefit from higher energy prices, says HSBC

CNBC 02 Mar 2023
James Cheo of HSBC Global Private Banking and Wealth says it'll be a different situation for energy importers like Singapore ... .

The world’s most painful trade is finally ending as Dollar peaks

The Times of India 24 Feb 2023
Investors say the dollar is on the way down because the bulk of Federal Reserve rate increases is over, and virtually every other currency will strengthen as their central banks keep tightening ... “It has peaked,” said Holtze-Jen, Asia Pacific chief investment officer at the private banking arm of Deutsche in Singapore.

Emirates NBD Private Banking caters to the diverse needs of customers

Gulf News 15 Feb 2023
Emirates NBD Private ... Notably, Emirates NBD Private Banking’s international reach, via well-regulated offshore booking centres in London, Singapore and Saudi Arabia, is strategically important in allowing us to offer our clients diversified portfolio strategies for their wealth.

Standard Chartered stops lending against Adani dollar bonds amid volatility

The Times of India 06 Feb 2023
Some of the relationship managers of StanChart, which has a significant presence in Asia, have informed their private wealth clients in the region's large markets like Singapore that the bank would not accept these papers as collaterals for margin loans, one such customer told ET ... "So, it's not a material event for the bank...

Dubai Islamic Bank to sell dollar sustainable sukuk

Khaleejtimes 02 Feb 2023
... of the Private Sector will arrange investor meetings in Singapore on Monday and in London on Wednesday, the document said.

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