Singapore

BNP Paribas taps Ng for institutional investment

BNP Paribas strengthened its coverage team in Singapore by recruiting Karen Ng as Head of Institutional Investors Relationship Management.

BNP Paribas taps Ng for institutional investment

BNP Paribas strengthened its coverage team in Singapore by recruiting Karen Ng as Head of Institutional Investors Relationship Management.

Deutsche Bank lists first money market ETF on SGX

Deutsche Bank and Singapore Exchange Limited launched Asia’s first money market ETF on SGX--the db x-trackers US Dollar Money Market ETF. db x-trackers is Deutsche Bank’s Exchange Traded Funds business.

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.

ipac launches SIS funds' Singapore dollar class units

Strategic Investment Services (SIS) funds of ipac will now be available in Singapore dollar class units and no longer just in US currency, catering to clients who prefer to have their investment portfolios reported in local dollars.

Russell Investments celebrates 10 years in Asia

Russell Investments, the global investment company with regional head offices initially established in Sydney and Tokyo, has celebrated a decade of operations in Asia after setting up its first Asia ex-Japan office in Singapore in 1999.

Schroder ISF Asian Convertible Bond reaches $100m

Schroder ISF Asian Convertible Bond has reached $100 million in assets under management, following the collaboration with Fisch Asset Management announced in November 2007.

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. AFACT intends to create a unified platform to represent the interests of professional derivatives traders with SGX membership.

BlackRock's Q2 net income 117 percent higher

BlackRock reports Q2 2009 net income of $218 million or $1.59 per diluted common share due to improving momentum in the business.

SGX to launch better research scheme

Singapore Exchange Limited (SGX) will introduce SGX Equity Research Insights (SERI), a new research scheme to better address the needs of its listed companies and their investors. Replacing the current Research Incentive Scheme (RIS), SERI will be utilised on 20 October 2009.

Union Bank operates with new name and logo

Union Bank, N.A., a consolidated subsidiary of Mitsubishi UFJ Financial Group and The Bank of Tokyo-Mitsubishi UFJ formerly known as Union Bank of California, N.A., began operating with the new name and new logo on 20 July.

Aberdeen agrees to sale of ex-Credit Suisse funds

For a cash consideration of approximately $37 million, Aberdeen Asset Management PLC has agreed the sale of the management contracts for two OEIC fund umbrellas containing ten open-end funds to Premier Asset Management Group Limited. As at 8 July 2009, these former Credit Suisse funds have total assets of some $1.4 billion.

PRUPIM Asia appoints Traon as Fund Controller

Jean-Brice Traon, following his appointment as PRUPIM Asia's Fund Controller, will be responsible for monitoring and managing the operations of the Company’s funds under PRUPIM Asia Chief Executive Officer Alex Hambly.

Barclays accepts BlackRock's offer to acquire BGI

BlackRock has received written notice from Barclays PLC (Barclays) that the former's offer to acquire Barclays Global Investors (BGI) has been accepted by Barclays' Board of Directors. The Board will also recommend the transaction to Barclays' shareholders for approval at a special meeting to be held in August 2009.

Moody's: UBS bondholders more exposed to losses

UBS' long-term challenges in Investment Banking and Wealth Management pose greater risk to bondholders than previously perceived, according to David Fanger, Moody's Senior Vice President.

ING rebalances hedge portfolio for employee options

ING Groep hedges employee options with the sale of 5,230,000 ordinary shares for its delta hedge portfolio. With an average price of $10.82 each, the shares were sold on the open market between 2 June and 5 June.

Threadneedle acquires World Express Funds

Threadneedle, a leading international asset management company, has announced the completion of the acquisition of Standard Chartered Bank’s World Express Funds investment funds business.

Western Asset Global Multi Strategy Fund launched

Legg Mason has added Western Asset Global Multi Strategy Fund to the Legg Mason Global Funds range, giving investors in Singapore the opportunity to benefit from undervalued investments across the global bond markets.