Singapore

Why private banks should stop poaching and start coaching

Why private banks should stop poaching and start coaching

With the growth of the high-net-worth population in Asia–Pacific significantly outpacing the rest of the world, it is no wonder that the demand for wealth management talent in Asia is at an all-time high. More than half of wealth management firms plan to increase staffing levels by at least 10-to-20 percent. However, firms face a limited talent pool to fill their ranks.

Maybank Singapore launches new interest features to depositors

The lender’s whole suite of deposit products for iSAVvy Singapore dollar time deposit.

Bloomberg names OCBC world’s strongest bank

Aside from OCBC, DBS and UOB also entered the list of top 20 banks, wherein Canadian banks dominate with 5 entries.

FinatiQ to cease operations

As an online-only service provider of OCBC Bank, FinatiQ could no longer meet the growing needs of the bank's customers and  will cease business on 30 June 2011.

DBS names Toby O'Connor head shiaria unit

The banker formerly headed JP Morgan’s Middle East and North Africa Sovereign Wealth Funds and Financial Sponsor group for investment banking.

How can and should banks go into the cloud ?

Technology is not a proper subject for businessmen to study. However every few years something comes along that changes the landscape and businessmen need to re-examine the role of technology within the enterprise. These “disruptive” technologies are coming thick and fast in 2011, so here is a primer on the first of the three disruptive technologies you should be thinking about:-

Asian Banking & Finance hiring hotspots

Increasing market strength and new government regulation will see new permanent roles created this quarter in China.

Compensation policies as a strategic value creator

In the aftermath of the global financial crisis, compensation practices in the Financial Services industry have come under significant scrutiny by regulators and politicians, particularly in Europe and the US. The Financial Stability Board (FSB) and the Committee of European Banking Supervisors (CEBS) have been at the forefront of issuing a series of implementation standards on compensation with the ultimate goal of designing appropriate incentive structures that seek to align bankers’ compensation to the nature and degree of risks undertaken.

Empty thrones

Throughout the last two quarters, most hiring managers in banks were grappling with multiple offers and counter offers, thinking the worst of them.

DBS first quarter profit up 52% to $655mn

Despite economic uncertainties, the bank believes that its efforts to strengthen its Asian operation will continue to bear fruit.

TrustSphere named as a "Gartner Cool Vendor" for 2011

Gartner identified TrustSphere as one of the few highly innovative technology providers working on the mission-critical issue of protecting enterprisers' and end users' sensitive data.

Moody's assigns an Aa1 rating to UOB's senior unsecured notes

The ratings agency retained the stable outlook for the notes to be issued through UOB's SGD5 billion Euro Medium Term Note (EMTN) program.

Habitat for Humanity, Barclays to raise funds for the less fortunate

Habitat-Barclays Bare Your Sole 2011 will take place on Saturday, 18 June at Gardens by the Bay East, Tanjong Rhu.

Maybank Singapore launches two new home loan packages

The first package is the Hybrid Rate Home Loan and the second package is the Ceiling Rate Home Loan.

A month left for the nominations in the upcoming Asian Banking and Finance Retail Banking Awards 2011

The Asian Banking and Finance Retail Banking Awards 2011 is now underway its process of nomination.

China's CITIC Bank opens Singapore branch

The opening of its Singapore branch marks a major in implementing the international expansion strategy of China CITIC Bank Corporation Limited in building its franchise into a world-leading brand.

DBS private bank names Lawrence Lua Southeast Asia head

The lender expects the former Julius Baer banker the experience it needs to tap the booming private banking business in Southeast Asia.