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• September 1, 2010 - Société Générale Private Banking Appoints New South Asia Chief Executive
  

  Société Générale Private Banking has appointed Olivier Gougeon as chief executive for South Asia, based in Singapore, effective immediately. He replaces Pierre-F Baer, who takes up a new role in the French banking group. Gougeon had previously been based in London global head of the wealth planning and fiduciary services centre of expertise at the private bank, a role he has held since 2007, the firm said in a statement today.

• August 31, 2010 - Shanghai Pudong Posts 34 Per Cent Earnings Rise In First Half
  

  Net earnings at Shanghai Pudong Development Bank went up 34 per cent to RMB9. 08 billion ($1. 33 billion) in the six months to 30 June compared to the year-earlier period, attributed mostly to strong interest income.

• August 31, 2010 - Threadneedle Builds On Southeast Asian Growth With New Appointments
  

  Threadneedle has named Sandra Cheng to the newly-created position of head of institutions for Southeast Asia. Cheng joins the company from Deutsche Asset Management, where she was responsible for business development in the region, covering corporates, endowments, government-sponsored entities and pensions. She has worked for global financial firms in Hong Kong and Singapore, including HSBC Global Asset Management an.

• August 31, 2010 - UBP Ushers In New Asia CEO
  

  Union Bancaire Privee has appointed Lawrence Lo as chief executive and head of sales for Asia ex-Japan for its asset management unit. Lo brings almost 35 years of experience in asset management to the company. Most recently, he served as CEO of BSI Generali Asia, where he was responsible for wealth and asset management activities in the Far East.

• August 31, 2010 - Clariden Leu Adds Three To Singapore Team
  

  Clariden Leu is making waves in Asia with the recent appointment of three executives to its Singapore team. Vincent Wang joins the company as head of treasury and execution for Asia and Liew Chin Choy steps in as head of mid-of. .

• August 31, 2010 - Senior DBS Executive Moves To Deutsche Asset Management
  

  DBS' head of consumer banking, Rajan Raju, is leaving the firm after 11 years of service, Reuters reports. The departure comes amid a series of new hires in line with chief executive Piyush Gupta's realignment and growth plans and happens at a time of weak growth for the company's consumer banking unit, the news service said. The firm's banking arm posted a 13.

• August 31, 2010 - Northern Trust Wins Branch Licence From China Regulator
  

  Northern Trust has scored another win in Asia after the China Banking Regulatory Commission approved its application for a branch licence in Beijing. The company's presence in China dates back to 1999 when it secured a cooperative relationship with the Bank of Communications. It was not until 2005 that it was given approval to set up a representative office, through which it has developed its custody and asset servicing business in the country.

• August 29, 2010 - Reliance Capital Appoints Chief Investment Strategist
  

  Reliance Capital has named Madhusudhan Kela as chief investment strategist. Kela was previously the head of equities at Reliance Mutual Fund. His old position will be occupied by Sunil Singhania, currently the deputy head of equities at the company.

• August 29, 2010 - The Boundless Promise Of The NRI Market - Deutsche Bank PWM
  

  The wealth management industry is witnessing significant change in the operating environment with a slew of changes in regulations on banks and capital markets.   These reforms are increasing the relevance of major financial centers such as Singapore and Hong Kong and represent an unprecedented opportunity for wealth managers who are equipped to assist clients navigate through the changes.   One of the fastest growing client segments is the global South Asian diaspora.

• August 29, 2010 - Kotak Mahindra Launches Fourth Kerala Branch
  

  Kotak Mahindra Bank has recently inaugurated its first branch in Kozhikode. The new office is the Indian private bank's third in the state of Kerala. It was launched alongside the introduction of a specialty card for NRI clients, the Kotak NRI Credit Card.




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