Dealmaker Peter Babej appointed Citi's Asia-Pacific CEO

CITI on Thursday named financial institutions group head Peter Babej as CEO of its Asia-Pacific region, who will begin his transition immediately.

DBS to be first Singapore bank to act as settlement agent for China bonds

DBS Bank will be granted a settlement agent licence by the People's Bank of China (PBOC) that will permit Singapore's largest bank to trade, settle and provide custody for China's interbank bond market instruments on behalf of foreign investors, the Monetary Authority of Singapore (MAS) said on...

UOB to invest S$26m over 3 years in staff development programme

UNITED Overseas Bank (UOB) will invest S$26 million over three years to develop a new learning and development programme for its 26,000 employees.

UOB unveils foundation course to help all staff stay relevant in the digital age

UNITED Overseas Bank (UOB) on Tuesday launched a specially-designed learning and development programme to prepare its 26,000 employees for a digital future, at a time where the financial services sector is seeing rapid change.

No more laughing their way to the bank

When Lim Cheng Kee, 49, was laid off from her risk and compliance job at Deutsche Bank in August 2018 after more than 10 years in the industry, it was a blow that she did not see coming. Hers was one of the more than 7,000 roles that the German lender had cut worldwide.

HSBC hires ex-StanChart banker David Koh for key role in Singapore

HSBC Singapore on Friday announced the appointment of David Koh as head of global liquidity and cash management (GLCM), effective from Oct 14.

JPMorgan Pte Bank sets up Singapore trust company

JPMORGAN Private Bank on Thursday launched a trust company in Singapore to cater for its ultra-high net worth (UHNW) clients and their families, as wealth expansion in the region continues to outpace the rest of the world. This is its first trust company in Asia, outside of its existing two in...

JPMorgan launches trust company in Singapore for Asia's ultra-rich families

JPMORGAN is launching a trust company in Singapore to support the private bank’s clients and their families in administering their wealth and planning for succession, it announced on Thursday.

StanChart debuts sustainable offering for retail, corp clients

STANDARD Chartered Singapore on Tuesday launched its sustainable deposit offering for both corporate and retail clients in Singapore, said to be the first of its kind in Asia.

StanChart offering sustainable deposit with 1.9% interest rate in Singapore

STANDARD Chartered Bank (Singapore) on Tuesday launched its sustainable deposit offering for both corporate and retail clients in Singapore, said to be Asia’s first.

HSBC says Singapore recruitment plan still on track

SINGAPORE is unlikely to be hit hard by HSBC's latest layoffs that threaten up to 10,000 workers - or 4 per cent of its 238,000 global headcount - as the Republic is considered among the markets it's counting on for growth.

Shareholder activism a balancing act for Sias

Shareholder activism a balancing act for Sias HE standard of corporate governance has gone up over the years, on the back of new regulations introduced as well as initiatives by the Securities Investors Association Singapore (Sias) to drive home the need for transparency and accountability.

Sias clarifies Hyflux stance, supports debt moratorium extension

THE Securities Investors Association (Singapore) or Sias clarified on Sunday in a statement that it does not, in fact, support the Hyflux restructuring agreement by potential white knight Utico at this stage as previously reported.

City Developments to compulsorily acquire remaining M&C shares

MAINBOARD-LISTED property developer City Developments Limited (CDL) on Friday announced that it will compulsorily acquire the remaining shares for its London-listed subsidiary Millennium & Copthorne (M&C) held by shareholders who have not yet accepted the final offer of 685 pence per...

Sias clarifies it does not support Hyflux restructuring agreement 'at this stage'

THE Securities Investors Association (Singapore) or Sias clarified on Sunday in a statement that it does not, in fact, support the Hyflux restructuring agreement by potential white knight Utico at this stage as previously reported.

XMH Holdings to dispose 80% stake in Z-Power Automation unit

XMH Holdings will be disposing its 80 per cent shareholding interest in its loss-making subsidiary Z-Power Automation (ZPA) for a nominal sum of S$1 to individual Goo Koh Chai.

Second Chance Properties to undertake bonus issue of free warrants to subscribe for new shares

SECOND Chance Properties intends to undertake a proposed bonus issue of free warrants to subscribe for new shares in the company to raise a maximum of S$1.13 billion in gross proceeds.

SATS to sell 30% stake in Taj Madras Flight Kitchen for S$3.5m

GROUND handler and caterer SATS will be selling its 30 per cent stake in Taj Madras Flight Kitchen to Taj SATS Air Catering, its joint-venture catering business in India, for a cash consideration of 178.74 million rupees (S$3.5 million).

New skills framework for financial services launched

A GUIDE that maps out the skills needed for financial professionals and institutions to progress was revealed on Friday evening, as the banking and finance industry continues to transform at breakneck pace.

SIAS INVESTORS' CHOICE AWARDS

DBS, CapitaLand Group, City Developments win big in corporate governance, sustainability

DBS, CapitaLand Group and City Developments were on Thursday recognised for leading the way in corporate governance and sustainability at the annual Securities Investors Association of Singapore (Sias) Investors' Choice Awards.

BT journalists win big at Sias awards; DBS, CapitaLand Group lead the way in corporate governance

THE Business Times' veterans Angela Tan and Kenneth Lim clinched top awards for financial journalism at the Securities Investors’ Association of Singapore’s (Sias) Investors’ Choice Awards 2019 on Thursday evening.

BT EXCLUSIVE

Costlier cheques, e-payment fee waiver to further wean SMEs off cheques

SINGAPORE firms are switching from cheques to e-payments, but the pace is just not fast enough.

Singlife clarifies guarantee limits on funds

INSURANCE tech (insurtech) firm Singlife on Monday clarified its marketing collateral for its recently launched Singlife account and debit card promotion to say that the funds in the Singlife account is protected only up to “specific limits”.

Cash management is king for DBS

DBS looks to hit a five-year target to quadruple its cash management business by 2020 a year ahead, and will expand its transaction banking business in growth markets such as Vietnam and China's Greater Bay Area, said John Laurens, DBS group head of global transaction services (GTS). 

UOB becomes first foreign bank to open branch in China's Zhongshan City

UOB (China) became the first foreign bank to open a branch in Guangdong's Zhongshan City on Thursday, as it continues its expansion plans in the Greater Bay Area (GBA) with a total of seven branches to date.