Schroders takes stake in Singapore digital adviser
Asset management firm Schroders has taken a minority equity stake in WeInvest, a Singapore based digital wealth adviser.
Singapore
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Japan’s rich targeted in offshore joint venture
Bank of Singapore and Japan-based SMBC Trust Bank have said they will partner to serve Japanese high net worth clients seeking offshore investments.
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Six Singapore advisers banned for mis-selling
Former Prudential, AIA and Citibank employees have been prohibited from providing financial advice services in Singapore, after they were found to have mis-sold investment products.
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Swiss to exchange information with HK and Singapore in 2019
Switzerland will start automatically exchanging financial account information with Singapore and Hong Kong from Autumn 2019 and with other financial centres from 2020.
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Advisory firm targets affluent Singaporeans with expansion
Crossbridge Capital has unveiled what it describes as a “significant expansion” of its digital wealth and management offerings for affluent investors in Singapore.
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Ex-Credit Suisse banker banned for hiding beneficial owners
The Monetary Authority of Singapore (Mas) has banned a former Credit Suisse banker for deliberately concealing the identity of the true beneficial owners of three bank accounts.
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Recruitment woes squeezing Singapore advice firms
Firms in Singapore are under pressure to hire locally, making an already arduous process even more challenging, not to mention expensive!
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StanChart Singapore hit with $5m fine for Guernsey transfers
The Monetary Authority of Singapore (Mas) has fined Standard Chartered S$6.4m (£3.5m, $4.9m €3.9m) for breaches to anti-money laundering and countering the financial of terrorism following the transfer of trusts from Guernsey.
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Nexus departs Singapore to focus on Middle East
Dubai-headquartered Nexus Group has confirmed to International Adviser that it is to close its Singapore arm, Nexus Financial Services, and focus on its core Middle East operations.
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Singapore police and regulator team up to investigate IFAs
The Monetary Authority of Singapore (Mas) and the white-collar crime unit of the city-state’s police force are teaming up to investigate all capital markets and financial advisory offences.
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DBS and Singapore university partner to train wealth managers
DBS Bank and Nanyang Technological University (NTU) Singapore have teamed up in a bid to build a sustainable talent pool of wealth management associates.
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Singapore’s life insurance sector reports record breaking 2017
Singapore’s life insurance industry crossed a significant milestone in 2017 with new business premiums passing S$4bn (£2.2bn, $3bn, €2.5bn) for the year, the city state’s Life Insurance Association (LIA) announced.