St James’s Place expands in Singapore
St James’s Place (SJP) Wealth Management Asia has moved to larger premises in Singapore to develop a stronger presence in the local market and build on its expat-focused business.
Singapore
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Supermodel Kerr hands over $8m in jewellery linked to 1MDB
Australian supermodel Miranda Kerr has handed over $8.1m (£6.4m, €7.2m) worth of jewellery to US authorities that she allegedly received from former boyfriend Jho Low, a person of interest in the 1MDB scandal.
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Singaporean firm to build platform for Malaysia’s life insurers
A unit of Singapore-based tech firm Silverlake Axis has won a contract to develop a digital platform for life insurance and takaful providers in Malaysia.
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Luxembourg regulator fines Rothschild over 1MDB failings
Swiss private bank Edmond de Rothschild has been fined nearly €9m (£7.9m, $10m) by Luxembourg’s financial regulator for its handling of funds reportedly linked to beleaguered sovereign wealth fund 1Malaysia Development Berhad.
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What next after China’s MSCI inclusion?
Wealth and asset managers give their views on the implications of the MSCI inclusion of A-shares and where they find investment opportunities onshore.
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Most expensive global expat cities 2017
Five Asian and three European cities were among the 10 most expensive places for expats to live, with the dubious honour of being the most expensive bestowed on the capital of Angola.
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Singapore, HK to outpace Switzerland for offshore wealth
Singapore and Hong Kong remain the fastest-growing offshore centres and are set to outpace Switzerland when it comes to attracting wealth from abroad, a new report predicts.
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New entrant Singapore Life receives licence to target HNWs
New insurer Singapore Life has become the first local insurer in nearly half a century to receive a licence from the Monetary Authority of Singapore (MAS) to operate as a direct life insurer.
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Expat hotspots top global competitive ranking
Hong Kong and Singapore ranked first and third as the most competitive countries in the world, with Switzerland coming in second, according to the 2017 IMD World Competitiveness Ranking.
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Menon reappointed MD of Singapore’s financial regulator
The Monetary Authority of Singapore (Mas) has reappointed Ravi Menon as managing director for a further two years, effective from 1 June 2017.
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Credit Suisse and UOB fined as 1MDB probe hits two years
The Monetary Authority of Singapore (Mas) has fined Credit Suisse and United Overseas Bank (UOB) and issued prohibition orders against three people following a two-year investigation into scandal-plagued wealth fund 1Malaysia Development Berhad.
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OCBC opens Indonesia wealth unit amid tax amnesty success
Singapore’s OCBC Bank has launched an onshore private banking business, spurred by Indonesia’s tax amnesty.