Asia
magnus heads new evercore singapore branch
US Banking advisory firm Evercore is to establish a Singapore office and has hired Keith Magnus – currently head and chairman of UBS’ Singapore and Malaysia Investment Banking division – to run the new SE Asian branch.
fpi to stop top ups and premium increases
Friends Provident International is to stop accepting premium increases and top-ups on existing policies from Japanese residents later this month.
hong kong legco passes trust law
In what has been described as a bid to boost the competitiveness of Hong Kong’s asset management industry, Hong Kong's Legislative Council has approved proposed amendments to the jurisdiction’s trust laws.
agreement reached in hong kong lehman bros
An agreement has been reached with The Royal Bank of Scotland in Hong Kong, in connection with the retail sale there of certain Lehman Brothers equity-linked notes during the period between July 2007 and May 2008, it was announced today.
mas responds quickly to moodys outlook
Singapore’s financial services regulator reacted immediately on Monday evening to a downgrade of the city-state’s banking system by Moody’s, the ratings agency, to negative from stable.