Royal Bank of Canada , the country’s biggest lender, has put its Asian wealth management business under review, which could lead to its sale, four people familiar with the matter told Reuters. The Canadian bank’s move comes after several Western firms have withdrawn from private banking in Asia, hit by… Read more »
By Shiwen Yap
OCBC Wing Hang is divesting its stake in Hong Kong Life Insurance Limited.
The Bank of Singapore has completed its acquisition of Barclay’s wealth & investment arm, Golden Energy is raising funds from a placement and Lombard International has launched brokerage operations in Singapore.
OCBC is launching a new business account that targets startup ventures the city-state while IE Singapore and UOB have partnered to help SMEs scale regionally and internationalise their operations.
OCBC has appointed Head of Global Corporate Banking, while Lombard Odier strengthens its ASEAN operation by adding one more Senior Relationship Manager.
Sim Lian Group shareholders have received a buyout offer that will see the corporation delist from the SGX, SembCorp is increasing its exposure to India’s renewables sector while New Silkroutes Group has launched a JV with London-based consulting firm Rubeus. Sim Lian Group shareholders receive buyout offer from Coronation 3G… Read more »
The consolidated OCBC Wing Hang platform is well-positioned to serve the needs of clients across the Greater China region as well as their cross-border needs extending to Southeast Asia.
The private banking unit of Singapore’s second-biggest lender OCBC is exploring launching an onshore presence in China either with a domestic partner or on its own, its CEO told the Reuters Global Wealth Management Summit on Thursday. Regional and global banks have been cautious about setting up a local private… Read more »
P99 Holdings is exploring expansion into the construction materials manufacturing and property development sectors, while Apple Pay has launched in Singapore.