Singapore

Needs of advisors and investors in Asia not fully met: Research

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

SunGard launches Ambit Wealth Management in Asia

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

Mandiri to expand brokerage business in Singapore, then HK

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

Maroon Analytics Joins FINCAD Channel Program

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.

Singapore's Temasek registers less investment growth

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

Nuvest aims to raise $1B in first year of ops

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

Allianz GI names Tan as new Singapore investment head

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 to list first Asia Pacific ETF on SGX

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

Goldman Sachs losses money in Asia in 2011

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

Hedge fund start-ups increasing in Asia-Pacific

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

ANZ Asia's private banking head resigns

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 Singapore sues HK-based hedge fund manager over gold

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

Singapore's bond issuance down by 25.8%

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.