Nearly one in 30 Singaporeans is a dollar millionaire a figure which is expected to rise to nearly one in 20 in five year’s time as the financial service sector grows and newly wealthy families from elsewhere in Asia flock to the island city state, according to a new report.
Category: News
Baring poaches Schroders Luo
Baring Asset Management has hired Schroder Investment Management’s Laura Luo as head of Hong Kong China equities effective 12 September.
RBC Gam hires HK based head of Asian equities
RBC Global Asset Management, the asset management arm of Royal Bank of Canada, has poached JP Morgan Asset Management’s Mayur Nallamala as a senior portfolio manager and head of Asian equities.
BNY Mellon hires Credit Suisse Alex Buerge
BNY Mellon has appointed Credit Suisse’s Alex Buerge as head of investments and managing director for it’s new separately managed accounts business, which is likely to be launched by year-end.
Rhenman departs East Capital and relocates to HK
Gustav Rhenman is to leave East Capital, the Stockholm-based asset manager, at the end of the month, while Karine Hirn, a partner and co-founder East Capital, has relocated to Hong Kong.
Natixis hires HK wholesale distribution head
Natixis Global Asset Management has appointed Davy Yuen as director, head of wholesale distribution in Hong Kong.
Matthews Asia hires VP business development
Matthews Asia has appointed Tina Tong as vice president, Asia business development for supporting the firm’s business development and client service activities in Asia, focusing on private banks, insurers and financial advisers.
Asia Frontier adds to HK team post MBO
Asia Frontier Capital has made two appointments for its Hong Kong office. It has appointed Ruchir Desai as senior investment analyst and Stephen Friel as marketing director.
BNP Paribas IP names senior hires for Asia Pacific
BNP Paribas Investment Partners has appointed Ligia Torres as head of Asia-Pacific and emerging markets and Vincent Camerlynck as chief executive for Asia Pacific.
BNP Paribas names Chan HK distribution head
BNP Paribas Investment Partners has appointed Kylie Chan as the head of distribution for Hong Kong and China in place of Carol Wong who has left the firm to pursue other career opportunities.
