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Number of millionaires in Singapore expected to rise 61.9% by 2025: Credit Suisse report

THE number of millionaires in Singapore is expected to jump by 61.9 per cent by 2025 to about 437,000, from the current 270,000 millionaires, according to a global wealth report by Credit Suisse.
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Most insurance recommendations meet customers’ needs; higher chances of misconduct at roadshows: MAS

THE Monetary Authority of Singapore (MAS), through its mystery shopping exercise (MSE) for financial advisers (FAs), found that roadshow sales had more incidences of unsuitable recommendations and inappropriate influence than through customer referrals.
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MC Payment to hold second EGM on July 30 for decision on board removals

MC Payment will hold the extraordinary general meeting (EGM) deciding on the removal of five directors from its board, save for one, on July 30.
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DBS launches digital bond issuance platform to ease capital markets access

DBS has launched a fully digital and automated fixed income execution (FIX) platform where issuers can directly connect with investors without the involvement of a bank.
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Law firms in Singapore jump on the ESG bandwagon

GROWING demand for sustainability advice has spurred law firms to establish practices dedicated to environmental, social and governance (ESG) matters, with at least two of the Big Four firms in Singapore doing so in the last six months.
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WongPartnership launches new sustainability practice

SINGAPORE law firm WongPartnership on Monday announced a new practice dedicated to sustainability and responsible business, joining other local and global law firms in giving environmental, social and governance (ESG) issues greater prominence in their business.
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Netherlands asset manager NN Investment Partners to set up responsible investing hub in Singapore

NN Investment Partners, an asset manager from Netherlands, announced on Monday that it will be establishing a responsible investing hub in Singapore - its first outside its home country.
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Law firms in Singapore ride the ESG wave

GROWING demand for sustainability advice has spurred law firms to establish practices dedicated to environmental, social and governance (ESG) matters, with at least two of the Big Four firms in Singapore doing so in the last six months.
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Barclays appoints Ee-Ching Tay as head of South-east Asia banking

BARCLAYS has appointed Ee-Ching Tay as its new head of South-east Asia banking.
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DBS starts trading on London Metal Exchange

DBS ON Monday announced that it has started trading on the London Metal Exchange (LME), the world's oldest and largest metal bourse.
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