Singapore
Mark Paine to take over the Meyado Group
Wealth management firm Meyado is to see a change at the top after Singapore chief executive Mark Paine announced plans to buy out the shares of the group’s founder and chairman Martin Young.
Ex-BSI wealth planner’s 1MBD trial starts in Singapore
A former BSI Bank wealth planner went on trial in Singapore on Monday for attempting to pervert the course of justice as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal.
DBS buys ANZ Asia wealth units, nets $16.5bn in assets
The trend of banks offloading assets continues as Singapore-based DBS acquires ANZ’s WM and retail units in Asia, adding S$23bn ($16.5bn, £13.5bn, €15bn) of wealth assets, which includes S$6bn from high net worth individuals.
Unit-linked products under pressure in Asia
Singapore outpaced Hong Kong for sales of unit-linked investment and savings products in the first half of 2016. As the industry awaits third quarter data, Bryan Low of Provisca reflects on the trends seen in the figures so far.
Axa to merge its life and general insurance units in Singapore
Insurance giant Axa is set to merge its life and general insurance businesses in Singapore.