Markets

Rapheal Mun will relocate from Singapore to London for her new role.

BEA highlights hiring plans, whilst Citi says it will offer 100 types of wealth products under WM Connect.

He Xingxiang is suspected for “severe discipline and law violations.”

A couple of former JP Morgan bankers are joining the global bank’s ECM crew in Asia.

The PBOC has injected a net CN¥120b into the system for this week.

Alania Conception is previously head of investment consulting for Credit Suisse Singapore and Malaysia.

The bank will apply the principles to assess and manage environmental and social risk projects.

Dominique Jooris was CEO of Bank Pictet & Sie in Singapore prior to his new role.

It will facilitate the purchase and sale of voluntary carbon credits.

Policies to slow debt growth and control property prices appear to be working, abating economic risks.

Major banks can now employ no more than 25 foreign staff.

Escalation of the pandemic in Thailand will significantly affect business activity in H2.

About $8b were added in Q2.

Local financial firms are expected to remain resilient even should the economy slip into a recession again.

The number of HNWIs is expected to reach 3.9 million in 2021 or 60.6% of the population.

The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.