2009
2009 NEWS
PRIVATE BANKING ENDS 2009 ON A HIGH NOTE
Singapore's private banking industry is ending 2009 on a high note with openings and hirings making the news, though it has been a roller coaster ride for must of the year.
COMPANIES RUSH TO PLACE OUT SHARES
Finance Professor Francis Koh noted that in general, confidence is returning to the market, and if companies are planning to expand, they will seize the chance to raise money from the market.
SINGAPORE AS A FINANCIAL CENTRE
Singapore and Hong Kong are closing the gap on London and New York in a ranking of competitiveness among the world's leading financial centres.
STANCHART'S PRIVATE BANK SEES STRONG ASSET GROWTH
The private banking arm of Standard Chartered, which earns most of its revenues in Asia, said its assets under management rose by 10 per cent in the second half of this year from the end of December 2008, according to figures sent to WealthBriefing by the UK-listed firm. The bank did not, however, provide a hard financial figure for its assets under management figure at the end of June.
RICH ASIANS ARE INCREASINGLY OPTIMISTIC ABOUT THE MARKETS
Despite limited evidence that economic prospects have changed, investor sentiment is being driven by the financial markets and is bullish.
PRIVATE BANKING IN A SWEET SPOT
Singapore is now in a unique position to strengthen and grow its private banking industry
"SEISMIC shifts in the global economy have changed the face of financial institutions across the world, and private banking is no exception. Traditional private banking strongholds, such as Switzerland, are increasingly facing competition from other jurisdictions. Now may prove to be a good time for Singapore to solidify its presence on the private banking world stage."
第一代理财经理的"黄埔军校"
"The main facilities of Singapore's Wealth Management Institute are tucked away in a corner of a city-centre office block that houses the headquarters of the island- republic's sovereign wealth fund, Temasek Holdings. In just seven years, the Temasek-run institute has become the main training ground for a new breed of Asia's wealth managers."
