Asia
Ex-BSI banker jailed for forgery in Singapore’s IMDB scandal
A former senior BSI Bank vice president was jailed on Friday for 18 weeks by a Singapore court, for forgery and failure to disclose suspicious transactions as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal.
Prudential sells Korean life insurance business to Mirae
Prudential has agreed to sell its life insurance subsidiary in Korea to Mirae Asset Life Insurance for KRW170bn (£119m, $148m, €134m).
Asian markets await clarity post-election recovery
Asian markets have recouped all their knee-jerk losses as the dust settles follow Donald Trump’s US presidential election win.
Singapore confirms ex-offenders can work in financial services
The Monetary Authority of Singapore (MAS) has no rules against hiring ex-offenders for positions in the financial services sector, deputy prime minister Tharman Shanmugaratnam has confirmed.
Old Mutual Int’l targets Hong Kong’s domestic advisers
Old Mutual International has appointed Friends Provident International’s Ivy Lee as head of business development to boost the firm’s support for the domestic adviser channel and reach in the domestic adviser market.