Singapore
DBS names Tan Su Shan as deputy CEO; will succeed Piyush Gupta in 2025
DBS names Tan Su Shan as deputy CEO; will succeed Piyush Gupta in 2025
An internal evaluation by DBS found Tan the strongest of all candidates for CEO.
DBS’ net profit up 9% to S$5.76b in H1; Q2 dividend is 54 cents
Net profit rose 4% in Q2 as loans and deposits grew.
Citi names Yeo Wenxian as wealth head for South Asia
Yeo will also take over as CEO of Citibank Singapore Limited.
YouBiz unveils CNY remittance corridor
Chinese and Singapore businesses can make “swift and recurring” payments.
HashKey OTC gets Singapore license to offer DPT services
It previously operated under an exemption.
Record total income lifts OCBC’s net profit to S$3.93b in H1
Interim dividend for the period is 44 cents, an increase of 4 cents.
UOB’s net profit stable at S$2.91b in H1; interim dividend is 88 cents
Income growth and lower allowances were offset by one-off integration costs.
GXS Bank CEO Charles Wong steps down
Wong will become an advisor for the digital bank.
Fees lift Singapore banks’ Q2 profits
But their Q2 profits are likely to be lower compared to Q1, analysts said.
Maybank names Alice Tan as head of group wealth management
Tan will continue on her role of Maybank’s head of wealth mgmt for Singapore.
MAS reprimands RVP One for SFR breaches
RVP failed to submit financial returns for 3 years, according to MAS.
MAS appoints Chee Hong Tat as Deputy Chairman
He will serve until 31 May 2027.
Ecosystem, data key for banks to keep up with disruptors
Banks must become the main choice of the customer, an analyst said.
Singapore’s cash use in POS to fall at just 7% by 2027: study
E-wallets will become Singaporeans’ payment method of choice.
UOB names Susan Hwee as head of group retail
Eddie Khoo to retire; Lawrence Goh is new head of GTO.
UOB to see 200 tonne-reduction in CO2e emissions with DHL pact
UOB’s international parcel deliveries will now use sustainable aviation fuel.
DBS launches bond portfolio managed by BlackRock
Customers can invest for a minimum of $1,000 and a 0.6% annual management fee.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. Singapore in talks with banks to enhance financing schemes for businesses 3. Fintechs, banks unite for win-win 4. SMBC names Luis Pereira as co-regional CIO for APAC 5. Hang Seng Bank restructures business, will cut 1% of core staff: reportResource Center
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