Latest News for: Singapore private banking


DBS Private Bank Launches Asia’s First Bank-Backed Crypto Trust Service

Coinspeaker 14 May 2021
Digital assets currently hosted on the Singapore-based bank’s digital asset exchange are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and XRP ... The Singapore-based bank stated on Friday that, its private banking sector has begun offering trust services for crypto, helping wealthy clients assets in their wealth succession plans.

Singapore DBS launches Bitcoin trust, the first bank in Asia

OBN 14 May 2021
DBS Private Bank, a subsidiary of the DBS Group in Singapore, will launch Asia’s first crypto asset (virtual currency) trust service as a bank ... DBS Bank launches digital asset exchange next week ── Singapore’s next-generation financial strategy ... said DBS Private Bank.

DBS rolls out the first bank-backed crypto trust solution in Asia

Invezz 14 May 2021
DBS, a Singapore-based private bank has launched the first-ever bank-backed crypto trust in Asia ... Through this launch, the bank seeks to offer its private banking clients an opportunity to invest, custodize, and manage up to four digital currencies in an organized manner.

DBS Private Bank launches trust solution for cryptocurrencies

Straits Times 14 May 2021
SINGAPORE (THE BUSINESS TIMES) - DBS Private Bank has launched a trust solution for cryptocurrencies via the bank's wholly-owned trust company DBS Trustee to allow its private banking clients to invest, custodise and manage digital assets ... Joseph Poon, group head DBS Private Bank, said in a press statement on Friday (May 14).

Credit Suisse Makes New Hires in Push to Capture China’s Rich

Caixin Online 13 May 2021
It named Keng Cheong Lock, who joined the bank in 2007, as market group head of a private banking business in Singapore that’s focused on Greater China ... and China,” said Francois Monnet, head of private banking North Asia and chief executive of the bank in Hong Kong, in the memo.

Inside the secretive Swiss bank for the world’s richest people

Hindustan Times 11 May 2021
In the mythology of private banking, Banque Pictet & Cie SA stands apart ... Over the course of a decade, he turbo-charged the storied private bank, sending it on a breakneck expansion from Sao Paulo to Singapore, doubling assets under management as a result ... top 10 private banks.

Credit Suisse boosts Asia hiring to tap fast-growing markets

Straits Times 06 May 2021
LGT Private Banking recently poached a senior private banker in Tokyo to spearhead a new operation in Japan ... Credit Suisse also recently promoted Ms Dominique Boer to market group head for Singapore in its private banking division, according to the memo. The bank has reported a net hiring of 30 relationship managers for Asia in the first quarter.

Glass sculptures by famed artist Dale Chihuly on display at Gardens by the Bay

Straits Times 30 Apr 2021
SINGAPORE - Installations designed by famed glass artist Dale Chihuly will be on display at Gardens by the Bay until Aug 1 ... I love Singapore, and I love the gardens, I hope you enjoy the show." ... Glass In Bloom is organised by Hustle & Bustle, supported by the Singapore Tourism Board and presented by Bank of Singapore and OCBC Premier Private Client.

Market Talk – April 30, 2021

Armstrong Economics 30 Apr 2021
Private Sector Credit (MoM) (Mar) increased from 0.2% to 0.4%. Singapore.. Bank Lending (Mar) increased from 686.7B to 691.2B ... Singapore. ... Central Bank Currency Purchase (May) remain the same at -1,800.0M ... Dallas Federal Reserve Bank President Robert Kaplan went against the grain this ...

MAS partners private sector to shore up Singapore's asset management value chain

Straits Times 27 Apr 2021
SINGAPORE - Singapore's central bank will join hands with the private sector here to pinpoint emerging trends and devise strategies to develop Singapore's $4-trillion asset management industry ... Mr Schneider said; "As Singapore continues to solidify its position as a premier funds ...

MAS partners private sector to develop Singapore's asset management industry

Straits Times 27 Apr 2021
Singapore's central bank will join hands with the private sector here to pinpoint emerging trends and devise strategies to develop Singapore's $4 trillion asset management industry ... "As Singapore continues to solidify its position as a premier funds centre, SFIG will play a ...

Citi’s retail assets in India attracts investors

Asiatimes 27 Apr 2021
The potential suitors for Citi’s assets in India include Singapore-based DBS Bank, HSBC and Indian private lenders such as Kotak Mahindra Bank, HDFC Bank and ICICI Bank ... Apart from the US, Citi plans to concentrate on consumer banking in four wealthy markets – Singapore, Hong Kong, the United Arab Emirates and London.

Reluctant emerging Asia central banks could delay rate hikes until 2022

The Times of India 27 Apr 2021
“We still believe Korea will be one of the earliest to have better progress on its vaccine drive,” said Angela Hsieh, an economist at Barclays Bank Plc in Singapore. “Improved mobility should help support the recovery in private spending and labor market, which is still the missing factor for the Bank of Korea to consider normalization.”.

Agi-focussed NAFA raises $40 m via ECB

Business Line 26 Apr 2021
Netafim Agricultural Financing Agency Private Ltd (NAFA), an agri-focused non-banking finance company and subsidiary of Netafim Singapore, has raised $40 million via external commercial borrowing (ECB) from the Phoenix Group and Cogito Capital, both Israel-based investors.

Central bank digital currencies could disrupt financial systems

Straits Times 25 Apr 2021
SINGAPORE - The rise of private payment networks and cryptocurrencies is challenging central banks' control over the flow of money within the financial system, ...