Industry
SMEs set to benefit from Singapore budget
A number of tax measures announced in Singapore’s budget last Thursday are aimed at spurring growth in the country’s small and medium-sized enterprise sector (SME) and encouraging the internationalisation of local businesses.
Hong Kong watch retailer to buy Liechtenstein private bank
The Liechtenstein-based private banking arm of Swiss firm Valartis Group is being sold to Hong Kong luxury watch retailer, Citychamp Watch & Jewellery Group.
People Moves | 29 Mar 16
PEOPLE MOVES: AIG Singapore, Deutsche Bank, Generali, Thesis
Former Axa head Michael Bishop joins AIG Singapore’s board of directors, while Deutsche Bank hires a new chief governance officer. Generali Real Estate chief executive Christian Delaire resigns and asset management firm Thesis appoints Mike Hughes as a non-executive director.
Private equity firms eye Old Mutual’s wealth arm
A number of US private equity firms are preparing bids for Old Mutual’s wealth division, with two funds rumoured to have already teamed up to make an offer, The Sunday Times has reported.
China Post Global buys European ETFs from RBS
China Post & Capital Global Asset Management has acquired 10 Europe-listed ETFs from Royal Bank of Scotland as RBS continues its strategy of selling its non-core UK businesses.