Retail Financial Services

Simon to Co-Head Societe Generale's Acquisition & Leveraged Finance

Societe Generale Corporate & Investment Banking appointed Fabien Simon as Co-Head of Acquisition & Leveraged Finance, Asia Pacific. Read ››

Nam A Bank to establish finance investment arm

Nam A Bank will continue to increase its chartered capital from US$143.6 million to US$177 million and establish the finance investment arm in 2011. Read ››

SBI launches financial advisory centre In India

  The State Bank of India has opened its first financial planning and advisory centre in the country. Read ››

Public Mutual declares distributions for 3 funds

  Public Mutual has declared distributions for three of its funds. Read ››

Westcomb Capital gets go-ahead as Catalist sponsor

The addition of Westcomb Capital increases Catalist's Sponsor pool to 9 Continuing Sponsors and 10 Full Sponsors. Read ››

Chinatrust plans to acquire Nan Shan from AIG

AIG still silent on lender's offer previously tagged at $2.15bln by rival bid. Read ››

ANZ establishes underwriting unit in the Philippines

ANZ authorised by SEC to engage underwriting of government and corporate securities in the country. Read ››

SGX seeks comment on proposed rules

Singapore Exchange wants to know public view on planned acceptance of banks as securities trading members. Read ››

Morgan Stanley, MUFG integrate operations in Japan

Mitsubishi UFJ Financial Group and Morgan Stanley are expected to commence joint venture operations on 1 May 2010. Read ››

Russell Investments appoints Edmund Teo as Regional Director Sales and Marketing

Company says Edmund’s experience will help meet expected business growth in the year ahead. Read ››

NUS launches Singapore Residential Price Index

SRPI will aid the analysis of price trends by offering a snap shot of the non-landed residential property market. Read ››

Capital IQ expands Asian operations

Capital IQ is expanding its team in Tokyo to offer better support to its Japanese institutional investment customers, along with the opening of its Singapore office. Read ››

UniCredit pulls trade team out of Singapore

The bank's Forfaiting & Trade Finance business moved to Hong Kong, headed by Charles Brough and Florence Kwan. Read ››

ING Asia Private Bank renamed Bank of Singapore

OCBC has completed the acquisition of Singapore-based ING Asia Private Bank Limited and its subsidiaries for approximately US$1,446 million. Read ››

BEA complies with China's data centre requirement

BEA China became the first locally-incorporated foreign bank in China to open a data centre. Read ››

Prudential is buying UOB’s life insurance unit

The life insurance unit of Singapore’s second-largest lender by market value will be purchased by Prudential Plc for S$428 million ($306 million). Read ››

Taiwan learns from life insurers' experience

Due to unknown operating risks and strong domestic competition, Taiwan banks will be careful in penetrating China's banking sector. Read ››

SGX reports $305.7 million net profit for F2009

Singapore Exchange Limited has reported a net profit 31.2 percent lower compared to F2008's $444.3 million when global stock market indices peaked, resulting from a decline in securities market revenue and stable revenue. Read ››

Assn. of Financial and Commodity Traders formed

Singapore Exchange Limited (SGX), joined by a group of its Trading Members, has launched the Association of Financial and Commodity Traders (Singapore) or AFACT and aims to double the number of traders to 1,500. Read ››

Société Générale launches GCM platform in APAC

Société Générale Corporate & Investment Banking is extending Global Capital Markets (GCM) to the Asia Pacific region with the launch of a GCM platform. Read ››

Nomura to acquire NikkoCiti

The Nomura Trust and Banking Co., Ltd. will acquire all of the shares of NikkoCiti Trust and Banking Corporation. Read ››

Freckenberg, Magnouat head SG’s leveraged finance in Asia

Marc Frenkenberg and Bruno Magnouat will be co-Heads of the Acquisition & Leveraged Finance for Asia Pacific effective 1 August 2009. Read ››

MUFG to acquire Morgan Stanley common stock

Mitsubishi UFJ Financial Group has decided to purchase shares of common stock of Morgan Stanley for approximately US$440 million. Read ››

Shaun Parkes joins J.P. Morgan in Asia

Shaun Parkes has been appointed by J.P. Morgan as head of Worldwide Securities Services, Asia excluding Japan.Coming from J.P. Read ››

Allianz Life suffers from crisis

Allianz' life insurance premiums from both Asia-Pacific and the Middle East fell slightly to $7.4 billion due to the turmoil on financial markets. Read ››

AXA reveals four senior appointments

AXA Life Insurance Singapore appointed four senior executives to respond to the global financial crisis. Read ››

Fortis merges Asian equities and China investment centres

Fortis Investments is merging its Asian Equities and Greater China investment centres into one single, autonomous unit as it recognizes the strategic importance of the Asia ex-Japan region and Asian equities as an asset class for investors. Read ››