Singapore
Ex-AIA insurance agent pleads guilty to fraud in Singapore
A former agent of pan-Asian life insurance company AIA pleaded guilty for the second time on Thursday to defrauding an elderly couple of more than $5m (£3.4m, €4.4m) after withdrawing her earlier plea.
Meyado acquires assets of Portfolio Builders in Singapore
Meyado Private Wealth Management, which is headquartered in London, said its Singapore operation has bought the assets of local financial advisory firm Portfolio Builders for an undisclosed sum.
Barclays HK and Singapore wealth businesses sold to OCBC
Oversea-Chinese Banking Corp’s (OCBC) private banking subsidiary, Bank of Singapore, is to acquire Barclays’ wealth and investment management (WIM) businesses in Singapore and Hong Kong for around $320m (£226.5m, €281.2m).
Zedra opens new Hong Kong office
Trust and fiduciary specialist Zedra has revealed plans to expand into the Asian market after announcing the opening of a new office in Hong Kong.
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.