Tag: singapore

Credit Suisse appoints new private banking head of investment solutions for Southeast Asia and Australasia. Eddy Tai joins the Swiss private bank to help develop Singapore as a backoffice hub for Asia and the Middle East. The US real-estate investment firm has until now been involved only in relatively developed Asian markets, but it sees opportunities arising in countries such as India. Schroders Singapore chooses HSBC Securities Services as its sole trustee, custodian and fund administrator, having previously split those services between HSBC and OCBC Trustee. Charles Ong, chief strategist and former CIO at Temasek, will lead what could become Asia's biggest hedge-fund platform. After falling since June, ITG's liquidity indicator for the region rose in December, helped by growing trading volumes and a drop in trading costs. The Australian firm, which incubates fund managers, is eyeing more business in Asia and has hired Peter Walsh and Lucinda Hill to bolster its distribution team. Asia's financial institutions should take advantage of an unusually open playing field, says Tony Tan of Singapore's Government Investment Corporation. The veteran fund manager and co-founder of Aberdeen's Singapore office will step down as head of Asian equities to return to Europe later this year. As part of the deal, the UK group will buy the Singaporean bank's life insurance arm. Following the launch of five new funds and with plans for 15 more next year, the Canadian insurer's Singapore asset management unit has poached a portfolio manager from Société ... The Monetary Authority of Singapore gives the green light to the establishment of the Singapore Mercantile Exchange, the creation of an Indian technology company. But sovereign wealth funds can help rebuild economies, assuming capital markets remain open, says Tony Tan of the Government of Singapore Investment Corporation. The real estate investment firm seeks to deploy around $1 billion to Asian exposures in private and listed equity. Fund providers in Singapore’s state pension scheme will be subject to new qualification criteria from 2011, forcing some to shape up or ship out, and giving others a chance to ... Singapore ranks highest in Asia in a judging of global pension systems and their ability to support ageing populations, according to consultants Mercer. GIC, Singapore's biggest sovereign wealth fund, says it has recovered half of last year's losses and indicates increasing allocation to alternative investments. The Singapore-based investment firm sees its portfolio decline by 7.5% due to the fallout from the financial crisis which it refers to as the worst crisis since the Great ... Members of the Singapore Stock Exchange can now use Citi for third-party clearing. India's Infrastructure Development Finance Company (IDFC) seeds the emerging-market FoPEF with $50 million.