Singapore

StanChart set to acquire GE Money Singapore

StanChart set to acquire GE Money Singapore

The move is part of the GE’s plan to sell its noncore assets following the financial crisis.

Randy Guy gets head job

Financial services firm Omgeo has appointed Randy Guy as new global head of technology.

Social media – an opportunity for transaction banks

The current interest rate environment in many parts of Asia has been forcing the transaction banks to explore way to accelerate growth of their fee based income.

Businesses in the Asia-Pacific Region are recovering from the shocks to the Global Economy

The latest ICAEW Global Enterprise Survey suggests businesses in the Asia-Pacific region are recovering from the shocks to the global economy.

DBS to acquire RBS China units

Move part of the lender’s plan to expand into China, South-East Asia and India.

The world after the G20 Summit in Seoul

Progress on financial reforms was made in Seoul but diverging national approaches are in evidence.

Nikko Asset Management acquires DBS Asset for $105mln

The Japanese trust company taps Asia's millionaires as DBS will take 7.25% stake in Nikko Asset.

South East Asian Economies Must Scale Up for Growth

The South East Asian countries are on a journey from agriculture and industry to value-added services. To reach their destination, they are looking to increase both inward and outward investment. That, in turn, requires a significant increase in finance professionals.

Life insurance sales more attractive to job seekers

According to recruiting experts Hays, a career in life insurance sales is now considered more attractive to job seekers, but employer inflexibility is holding businesses back from securing talented and eager candidates. Chris Mead, General Manager of Hays in Singapore, has this update.

StanChart to appoint 1,800 for its trading operations

The lender plans to expand in underwriting securities denominated in the Chinese currency and boost trading on behalf of clients in equities.

Maybank holds simultaneous global CSR day project

Through the Group employee volunteerism programme, thousands of Maybank employees joined together for the first time in a global CSR initiative.

Technology offers banks a path towards global competitiveness

Asia-Pacific a green field for banking technology adoption.

StanChart to increase Southeast Asia workforce by 20%

The lender will add 4,000 employees as it taps region’s emerging countries.

A healthy but tight jobs market

The October-December Hays Quarterly Report confirms that our jobs market is very healthy, but very tight, with a growing list of skills now in short supply in the banking and finance sectors.

Basel Committee announces higher capital ratios

Banking observers had previously suggested that the full Basel III package of capital and liquidity reforms proposed could reduce returns on equity in the sector by up to a third.

OCBC to issue $500mln subordinated notes

The notes rated Aa2 by Moody's are to be issued to Asian and European-based investors.