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DBS, a Singaporean financial institution, is expanding its operations in mainland China by acquiring a bond underwriting license. With this license, the bank’s China division is now permitted to function as a principal underwriter for non-financial corporate…
Standard Chartered, a leading UK-based financial institution, has recently announced the appointment of Karby Leggett as the regional head of digital assets. This move comes amidst the swift rise in the acceptance and adoption of digital currencies, tokenized…
Despite a dip in 2025 net profits, the United Overseas Bank (UOB) of Singapore plans to award approximately 6,000 junior staff members with a half-month base salary payout. This one-time payment aims to recognize their hard work and contributions amidst…
HSBC, with headquarters in London, has expressed optimism following its decision to take Hang Seng, a Hong Kong bank, private, with projected cumulative benefits nearing $1 billion. Anticipated Financial Benefits According to the bank’s strategic report, HSBC…
OCBC’s private banking division has appointed Bernard Heng, a seasoned expert in the wealth industry, to bolster its custom solutions for ultra-wealthy clients. Appointment of a New Leader The Bank of Singapore, the private banking arm of OCBC, has announced…
Former UBS technology executive, Werner Schlossmacher, has taken on the role of Chief Operating Officer (COO) for Barclays Private Bank Asia. Barclays has confirmed his appointment in a recent statement. Schlossmacher will be stationed in Singapore, from…
BNP Paribas Wealth Management has bolstered its philanthropic operations by unveiling a new donor-advised fund (DAF) platform in Asia. The platform, dubbed the “BNP Paribas Bridge Foundation,” is dedicated to assisting Asian entrepreneurs, affluent…
As the demand for gold continues to escalate, United Overseas Bank (UOB), the sole local banking institution in Singapore that trades in physical gold bars and bullion coins, has announced plans to expand its operating hours and implement an appointment-only…
Standard Chartered, a UK-based banking and financial services company, has announced the rollout of an artificial intelligence (AI) enabled platform aimed at accelerating and customizing transaction banking services for its clientele. The innovative platform…
Singapore’s OCBC Bank has established a new division that is committed to providing loans against idle securities in customer accounts. Enabling Efficient Use of Idle Securities OCBC Bank has introduced a dedicated securities financing unit that will operate…
HSBC, the London-based bank, has successfully secured approval from the shareholders of its subsidiary, Hang Seng, to privatize it. This move signifies HSBC’s intention to acquire the Hong Kong lender, a deal estimated to be worth $14 billion. On January 8,…
In 2025, prominent positions in Asian investment banking fee generation were predominantly filled by Chinese corporations, spearheaded by a surge in offshore bond issues and a remarkable initial public offering (IPO) boom in Hong Kong. Leading Positions…
In a recent development, Alexander Wong, ex-managing director of the now-inoperative Credit Suisse, has taken up a new role at Citi’s investment banking division in Asia. Alexander Wong Joins Citi’s Investment Banking Division Citi has officially announced…
UBS is on the verge of a critical phase in its historic integration with Credit Suisse, signified by a strategic leadership change. Since the beginning of 2026, Beatriz Martin has assumed the role of Group Chief Operating Officer, alongside her new…
Wellington Management has enhanced its alliance with Standard Chartered Bank by launching exclusive no-load share classes of the Wellington Asia Quality Income Fund for the bank’s customers in Singapore. This strategic initiative enhances its competitive…
UBS, the leading global financial institution, is implementing a strategic restructuring of its executive team, aimed at enhancing oversight of its technology operations. This change comes as a critical phase of operational and technology development begins,…
