The deal will expand OCBC’s mortgage loans business in Singapore and HK
By Lawrence White
Its second attempt in the last seven years to win more business from wealthy clients.
Credit China Fintech has acquired 51 per cent of Havenport Asset Management and payments provider NETS has acquired two subsidiaries of OCBC. Credit China Fintech acquires 51% of Havenport Hong Kong-listed financial technology (fintech) services firm Credit China FinTech is acquiring 51 per cent of Singapore’s Havenport Asset Management for… Read more »
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 The Canadian bank’s move comes after several Western firms have withdrawn from private banking in Asia, hit by… Read more »
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 »