Singapore
Actis appoints Lionel Soh as Singapore office director
Company expects Soh's extensive work experience in different Asian countries could enhance its regional network.
Actis appoints Lionel Soh as Singapore office director
Company expects Soh's extensive work experience in different Asian countries could enhance its regional network.
Credit spreads to stabilise in Taiwan's bond market
Credit spreads in Taiwan's bond market are unlikely to widen soon, according to Standard & Poor's Ratings Services.
Asia Pacific assets rebounded says survey
Survey says total assets in APAC ended the year at $132.5 billion after bottoming out at $118.75 billion by mid 2009.
Maybank offers equity-linked structured deposit
Blue Skies Structured Deposit's US$7,094 minimum initial investment can yield maturity payout of 10%.
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.
EON Capital turns down Hong Leong’s bid
EON said Hong Leong's $1.4 billion offer undermined former's latest projected growth.
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.
Singapore eyes 2010 investments at S$12 billion
Investments in the manufacturing and services sectors are expected to hold their ground this year.
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).
United Overseas Bank partners with S. Korean firm
The tie-up aims to widen investment options in Asia of investors of both companies.
Aberdeen, BNP Paribas expand partnership
Aberdeen appointed BNP Paribas for the fund administration and global custody of their “Select” and “South-East Asia” funds.
Survey: funds are 47% equity long/short strategies
Hedge fund managers in Singapore participated in a research conducted by the Alternative Investment Management Association, the global industry trade association for the alternative investment management industry.
Analysts: OCBC ratings unaffected by ING acquisition
OCBC's acquisition of ING's Asia private banking assets will not materially affect its strong capitalisation, according to Standard and Poor's. The goodwill generation is about US$538.4 million. The offered price is about 1.6x the net book value of ING assets as at the end of August 2009, with an estimated cash consideration of US$1.464 billion.
UOB wants to chop insurance arm
According to Top News, The move is a clear indication of increased optimism among executives, who are looking at terminating the business.
ING receives bids for its Asia, Switzerland assets
The transaction aims to help ING pay its US$14.25 billion debt from the Dutch government.
FTSE ST Index Series results to be out on 10 Sept
Singapore Exchange Limited, along with FTSE Group and Singapore Press Holdings, will announce the results of the half-yearly review of the constituents of the Straits Times Index and 20 other indices in the FTSE ST Index Series after market close on Thursday, 10 September 2009.
ING rebalances hedge portfolio for employee options
ING Groep N.V. has sold 1,450,000 (depositary receipts for) ordinary shares for its delta hedge portfolio, which is used to hedge employee options. The shares were sold in the open market on 1 September and 2 September at an average price of EUR 10.53 per share.
