Singapore

Extra responsibilites for Helman Sitohang.

Credit Suisse's Asia fixed-income business.

Branching out to private equity.

Wealth management firms in Asia are not fully supporting the technology and service requirements of their advisors and high net worth clients.

SunGard has launched Ambit Wealth Management, a new front-to-back wealth management solution suite with mobile banking functionality.

Bank Mandiri plans to expand its brokerage business in Singapore to tap growing foreign investor interest in Indonesian equity assets.

Maroon Analytics has joined the FINCAD as a Channel Partner to provide local sales, support and professional services to FINCAD's clients in Southeast Asia.

Temasek Holdings announced that growth in the value of its investments slowed in the last financial year.

Nuvest Capital will launch a global multi-asset fund with an emphasis on emerging markets by July with seed money from GIC.

Allianz Global Investors has appointed David Tan as its head of investments for Singapore and chief investment officer for pan-regional Asian bond mandates.

CIMB-Principal Asset Management listed Asia Pacific's first Exchange Traded Fund on the Singapore Exchange.

New Yorl-based Goldman Sachs Group Inc. lost money in Asia last year for the first time since 2008.

High profile investment professionals are launching new new hedge funds in Asia-Pac.

Nina Aguas has left her posts as managing director of ANZ's Asia-Pacific private banking arm to pursue other opportunities. Aguas, who was based in Singapore and was responsible for the private banking franchise in the region, has left after three years at the bank. She joined ANZ in 2009 as managing director of the retail bank in Asia. Prior to joining ANZ, Aguas spent 25 years at Citigroup in various senior positions including managing director and head of corporate centre compliance in New York and country business manager of the global consumer group in the Philippines, as well as regional head of audit and risk for Asia-Pacific. "I can confirm Nina Aguas has resigned, and that her successor will be announced shortly," a spokesperson for ANZ said. The news comes in the same week as Australia’s third largest bank confirmed 130 redundancies in its retail and commercial back-office, mainly in Melbourne. These are expected to be the first wave of more cuts to be made in the coming months, with a total of as many as 900 reported in local media. However, the Asia-Pacific business is unlikely to be affected.

Citigroup Inc.’s Singapore unit sued Hong Kong-based hedge fund manager Raghavendran Rajaraman for $1.03 million in trading losses.

The Singapore-domiciled bond issuance in 2011 reached US$14.9 billion, a 25.8 per cent drop after 2010's annual record volume of US$20.0 billion.