Singapore market worst performer in Asia
All Singapore equity funds are in negative territory as the Straits Times Index posts the worst performance year-to-date compared to other regional indices.
Singapore
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Manulife appoints Singapore CEO, strengthens Hong Kong
Manulife Asset Management has extended its recent hiring spree in Asia by bringing over professionals from BNY Mellon and HSBC Global Asset Management to fill two positions.
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The Singapore sensation: Nexus expands
Asia’s economy is dynamic and fast-growing, encouraging wealth creation, so when Nexus Group was presented with an opportunity to move into Singapore, it leapt at it.
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Senn steps down as Zurich’s group chief executive
After ten years with Zurich Insurance Group, six as group chief executive, Martin Senn has decided, by mutual agreement with the board of directors, to step down at the end of the year.
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Zurich withdraws from life business in Singapore
Zurich International Life, part of the Swiss-based Zurich Insurance Group, has announced that it will stop writing new business in Singapore from Tuesday, 1 December.
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Life industry responds to Singapore commission cap delay
The Monetary Authority of Singapore has delayed the 55% cap on commission financial advisers receive from the sale of life insurance policies a year after the industry asked for more time to implement the changes.
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UBS appoints Koh head of wealth management Asia Pacific
Edmund Koh has been named head of UBS Wealth Management Asia Pacific replacing Kathryn Shih, who has been named president of UBS Asia Pacific. Both appointments are effective 1 January 2016.
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Joseph Kwok to depart PIAS
Joseph Kwok will step down from his role as deputy general manager of Singapore-based Aviva subsidiary Professional Investment Advisory Service (PIAS), effective from 25 November.
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Singapore’s IMA unveils fund risk guidelines
The Investment Management Association of Singapore has released a set of guidelines for fund management firms to better understand the potential risks of the products they sell.
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Singapore outpacing Hong Kong for millionaires
The population of millionaires in Singapore is expected to grow by more than 18.3% by 2020, compared with 15.6% in Hong Kong.
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Generali: Life firms should be responsible for product understanding
Life companies in Singapore should be responsible for ensuring advisers have a clear understanding of products and how they meet customers’ needs, Generali International’s head of sales has said in response to a fresh review by the Monetary Authority of Singapore.
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Singapore kick-starts cross-border initiatives with China
Singapore is set to kick off a number of initiatives which aim to bolster financial cooperation with China, including doubling the city state’s renminbi qualified foreign institutional investor (RQFII) quota.