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• August 17, 2010 - DBS Continues Big Executive Moves, Names Hong Kong CEO
  

  DBS Group Holdings has announced that veteran banker Sebastian Paredes will be the new chief executive officer of DBS Hong Kong effective 13 September, adding to a number of senior moves made by the Asian banking giant in recent weeks. Paredes has been in the banking industry for 25 years and most recently served as president and director at PT Bank Daramaon in Indonesia. Prior to that, he spent 2.

• August 17, 2010 - BlackRock Explores Taiwan Funds Market Via Primasia Buy
  

  BlackRock has announced plans to acquire Hong Kong asset manager Primasia Investment Trust as part of its expansion plans into Taiwan's mutual fund market. Financial details were not disclosed in the statement. The New York company already sells offshore funds in Taiwan and the acquisition is expected to give it a license to run a fund management firm in the country.

• August 17, 2010 - Pravi Capital Builds Investment Team
  

  Pravi Capital, the private equity firm founded by ex-ICICI Venture executives, has appointed Tapan Gandhi as principal for investments and is looking for two more people to add its senior investment team. Founders Jayanta Banerjee, . .

• August 17, 2010 - South Korean Island Attracts China's Affluent
  

  Jeju, the island located at the south of South Korea, is attracting wealthy Chinese who are looking to set up alternative vacation and retirement locations, a report by The Korea Herald reveals. The island has attracted about 53. 65 billion won ($45.

• August 16, 2010 - Senior Appointments At Citi In Singapore
  

  Manav Abrol, head of investment advisory and sales at Citi Private Bank Geneva, is relocating to head up the investment advisory and sales team in Singapore. In his new role he reports to Debashish Duttagupta, the bank’s head of investments for Asia Pacific. Abrol has worked at Citi Private Bank for six years, and while responsible for the investment advisory and sales business in Switzerland he managed a team covering UK offshore, Central and Eastern Europe, Greece, Africa and Turkey.

• August 16, 2010 - BlackRock Australia Adds Three Senior Execs
  

  BlackRock Australia has appointed three senior executives to its team in a bid to bolster its business in the region, reports the Financial Standard. The firm, whose global headquarters are in New York, has appointed Pru Bennett as head of corporate governance, Henry Capra as new chief operating officer and Orla Fisk as senior compliance officer, according to the newswire. Capra previously served as the chief financial officer for AMP Captial and also worked for wealth manager Colonial First State as CFO and COO.

• August 15, 2010 - Tata AIG Launches Luxury Asset Insurance Service
  

  Tata AIG Private Client Group is reaching out to more high net worth clients with the recent launch of a comprehensive jewellery and valuables insurance arm. The service focuses exclusively on high net worth individuals and their tangible assets, such as high-end cars, fine art, rare antiques, and just about anything else clients value, the firm said. Included in the insurance offerings are: risk coverage of possessions against damages, repair, restoration and reimbursement for the loss of value that may occur thereafter, concierge level claims, transit supervi.

• August 15, 2010 - Chinese Fund Continues To Reduce Holdings In Morgan Stanley
  

  China Investment Corp has let go of $1. 6 million worth of shares in Morgan Stanley, in a move that is seen to be in compliance with regulatory rules. The Chinese sovereign wealth fund has already sold 25.

• August 15, 2010 - Bank Of East Asia Posts Impressive Half-year Results
  

  Hong Kong's Bank of East Asia has recorded an impressive 75. 6 percent rise in net profit for the half year to 30 June 2010, from HK$1. 21 billion (around $156 million) in the year-earlier period, to HK$2.

• August 15, 2010 - Aberdeen Obtains QFII Licence In China
  

  Aberdeen Asset Management has just received a Qualified Foreign Institutional Investor (QFII) licence from the China Securities Regulatory Commission to invest in domestic Chinese securities. The investment manager is looking to expand its fixed income business in the region, it said in a statement. At present, its Singapore-based Asian fi.




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