Singapore
Investment | 12 Oct 16
SLI announces new team in Singapore
Standard Life Investments (SLI), the Edinburgh-based asset manager, has announced a new real estate team in Singapore.
Singapore shuts down second Swiss bank, fines DBS and UBS
The Monetary Authority of Singapore (MAS) has ordered that Falcon Private Bank in Singapore be shut down for serious failures in anti-money laundering (AML) controls and improper conduct by senior management at the Singapore branch, as well as the head office in Switzerland.
Two ex-BSI bankers in Singapore charged in 1MDB probe
Two former bankers for Switzerland’s BSI Bank have been charged by the Singapore police as part of their investigation into 1Malaysia Development Bhd (1MDB).
Investment | 7 Oct 16
Growth in Singapore’s asset management sector slows to 9%
Fund managers in Singapore saw a 9% increase in assets under management to S$2.6trn ($1.90 trn, £1.4trn, €1.6trn) in 2015, much slower than the 30% recorded the year before.
Canada’s Sun Life to expand into Singapore and Thailand
The Hong Kong arm of Canada’s Sun Life Financial plans to expand into Singapore and Thailand in a bid to widen the insurer’s presence in Asia, Reuters has reported.