Singapore, like Hong Kong, is continuing to benefit from the uncertainty and instability elsewhere in the financial services world, while at the same time struggling to cope with such side-effects of this success as inflation, currency appreciation and a shortage of affordable housing. Helen Burggraf reports.
Credit Suisse has eliminated an undisclosed number of roles in its asset management operations in Singapore, International Adviser has learned.
The Singaporean government has passed two Bills aimed at strengthening investor protection and increasing the Monetary Authority of Singapore’s powers of enforcement, as it seeks to emulate regulators in Australia and the UK.
Asia continues to be one of the fastest growing markets for Prudential, with the region’s new business profit jumping by 15% year-to-date for the company, bolstered by significant growth in the key markets of Hong Kong, Singapore and Indonesia.
Singapore’s Henley Group Pte has brought forward, and modified, a revamping of its business model, in response to the city-state’s FAIR review of its financial services industry.
An association of Singapore wealth managers with ultra-high net worth clients is gaining in size and visibility, as it enters its second year of existence.
Sales of insurance products in Singapore rose 8% in the third quarter and 10% in the three quarters to the end of September compared with the same periods last year, as investors showed a marked preference for annual premium investments, the Life Insurance Association of Singapore reported.
Two bills aimed at protecting investors were introduced into the Singapore Parliament today, as the first part of a two-phase review of Singapore’s existing Securities and Futures and Financial Advisers acts.
Expats living in Southeast Asia tend to earn the most, with those in Singapore the wealthiest of the lot, according to HSBC’s fifth annual survey of expatriate wealth, lifestyles and attitudes.
The Monetary Authority of Singapore is planning to make some tax crimes money laundering “predicate offences” under proposals announced today.
A large general insurer in Singapore has been fined by the local regulatory authority for allowing unqualified staff to sell insurance products to the public.
An ad-hoc alliance of about 15,000 financial advisers and managers in Singapore has formed to defend the commission model for remunerating providers of financial services and advice, a Singapore newspaper is reporting exclusively today.
