Singapore

According to a release, HSBC has made a number of new appointments to its Global Trade and Receivables (GTRF) Executive Committee.

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Shariah-compliant banking products to finance property acquisitions.

When Asian banks look to their European and US counterparts they see the polar opposite of their own post-GFC lending and banking reform initiatives. Euro wide German led austerity measures contrast starkly with Japanese stimulatory ‘Abenomics’, US quantitative easing and other inflation boosting banking reforms in the region. Economic growth and business confidence, generally gauged by lending market activity, is slowly beginning to build stronger impetus. Overall lending growth is still sluggish in relative terms, with a number of Asian countries such as Indonesia, Malaysia and Thailand still struggling to rise up off the canvas following knock out blows by the Asian Financial Crisis of the late 90’s. However South Korea and the Philippines were also adversely affected by the same crisis but have managed to achieve strong lending growth of late - why is this so?

By focusing on operational excellence, a path to creating value for their customers, banks could build customer loyalty, increase earnings while reducing fees charged to recover transaction costs. 

Internal Auditors, Cost Accountants and Relationship Managers are among the candidates in hottest demand this quarter across Asia, according to the Hays Quarterly Hotspots.

Earlier this year, Standard Chartered Bank launched a novel display card solution in Singapore. While the card looks and functions like a regular payment card – debit, credit and ATM - the Display Card has touch-sensitive buttons and an embedded LCD screen, combining features such as EMV payment, One-time Password (OTP) generation and transaction signing for e-banking.

Even though the principles of financial services consumer protection have been around in Asia for a number of years, there seems to be little desire to embrace the concepts of fair treatment as a strategic tool to reduce the risk of poor customer outcomes.

In a statement, Citi announced the appointment of Dylan Halterlein as Managing Director and Asia Pacific Head of its Delta One product. He will report regionally to James Boyle, Asia Pacific Head of Equity Trading, and Joseph Chang, Asia Pacific Head of Prime Finance, and globally to Mike Pringle, Global Head of Equity Trading.

According to a release, Standard Chartered has appointed Alvaro Patron as Head, Global Corporate Sales, Financial Markets. Alvaro will be based in Singapore, reporting to Christian Wait, Global Head of Sales, Financial Markets.

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It's a very alarming trend.

He joined the bank on April 8.

It was developed by Citi Innovatin Lab in Singapore.

In a statement, Standard Chartered announced the appointments of Chris Allington as Global Head, FX, and Neh Thaker as Global Head, Options & Platforms. Chris was most recently Head of FX, West and FX Options, and Regional Head, FXRC, Europe & Americas. He joined Standard Chartered in 2010 and was based in London. In his new capacity, Chris will take an increased leadership role with responsibilities across all FX products, and with teams across the Bank to deepen client relationships and accelerate the growth of our FX business. Chris continues to report to Nitin Gulabani, Global Head, FX, Rates & Credit, and will be based in Singapore. This appointment takes effect immediately. Neh joins the Bank as Global Head, Options & Platforms. In this newly created role, Neh will be responsible for overseeing the risks and driving the growth and product development of the Bank’s options business across the Financial Markets business. He joins from Bank of America Merrill Lynch where he has worked his entire career and most recently in a similar global role for structured products. Neh is also based in Singapore and reports to Nitin. Commenting on the appointments, Nitin Gulabani, said, “I am very pleased to have Chris take up a bigger role, and at the same time welcome Neh to the Bank. Chris’ experience and knowledge of the Bank will allow him to add even more to the FX business, while Neh’s skills will greatly complement the development of the business going forward.”

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