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Paul Arni, former CEO of VP Bank, has joined WRISE Singapore as a non-executive director, effective immediately. He will guide the firm's corporate strategy, governance, and risk management, emphasizing the importance of robust governance in wealth management. WRISE Group is expanding its presence in Asia, having recently launched offices in Shenzhen and Dubai.
Goldman Sachs acquired 65.48 lakh shares of Samvardhana Motherson International for ₹87 crore through an open market transaction, purchasing at an average price of ₹132.7 per share. Concurrently, Kadensa Capital sold the same number of shares at the same price. Following the deal, the stock closed down 2.13% at ₹131.15.
Deutsche Bank has raised its price target on Charles Schwab to $108 from $105 while maintaining a Buy rating. The Charles Schwab Corporation focuses on brokerage and banking services, with 73.6% of net sales from individual investors and 26.4% from institutional investors. The company operates over 380 offices in the U.S. and has a presence in the UK, Puerto Rico, Hong Kong, and Singapore.
Singapore's ride-hailing industry faces a significant driver shortage, exacerbated by rising costs and diminishing incentives, leaving fewer drivers available during peak demand times. As tourism is set to increase, platforms like Grab and GoJek struggle to meet the growing need for rides, while drivers explore better employment options.
Dubai-based startup Xpanceo is set to commercialize smart contact lenses, unveiling five prototypes at the Mobile World Congress Barcelona. With plans to deliver an upgraded prototype by 2026, the company aims to integrate features like hormone and glucose tracking, leveraging advancements in academic research and securing $40 million in funding. In contrast to Mojo Vision, which pivoted to micro-LED technology after raising over $150 million, Xpanceo has made significant progress with less capital.
Morgan Stanley's recent report highlights strong net new money in HSBC HOLDINGS' wealth management sector, with optimism for defensive banks in Hong Kong and Singapore. CEO Georges Elhedery noted that corporate investment banking (CIB) is crucial for non-interest income, despite potential growth risks from policy uncertainty.
Wrise Singapore has appointed Paul Arni, the former CEO of VP Bank, as a non-executive director on its board. With over 30 years of experience in private banking, Arni will concentrate on the firm's strategic direction, risk management, and governance. He previously held senior roles at Deutsche Bank, Julius Baer, and Credit Suisse.
American Express and Singapore Airlines have announced enhancements to their business card, introducing new exclusive benefits tailored for small and medium-sized enterprises (SMEs). This collaboration aims to provide added value and support for businesses looking to optimize their travel and financial management.
VP Bank remains optimistic about U.S. stocks, maintaining an overweight position despite upcoming tariffs set to take effect on April 2. Thomas Rupf, co-head for Singapore and Asia CIO, indicates that the firm does not anticipate a recession in the near term.
Aspire has launched Aspire Ignite, a three-month program aimed at helping early-stage startups in Singapore secure funding beyond the seed stage. Targeting startups in the Asia Pacific that have raised pre-seed funding, the program includes expert-led masterclasses, reverse pitch sessions with venture capitalists, and offers over US$200,000 in partner perks. Finalists can receive US$25,000 from Aspire and up to US$500,000 in credits from major companies like Google, Microsoft, and Amazon. Applications are currently open, with the program starting on April 14.
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former vp bank ceo joins wrise singapore as non-executive director
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18:01 25.03.2025
goldman sachs acquires 65 lakh shares of samvardhana motherson for 87 crore
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16:54 25.03.2025
deutsche bank raises charles schwab price target to 108 maintains buy rating
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11:15 25.03.2025
driver shortages challenge singapore's booming ride-hailing industry
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Dubai startup aims to commercialize smart contact lenses by 2026
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Morgan Stanley highlights strong wealth management growth amid uncertain market outlook
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07:34 25.03.2025
Wrise appoints former VP Bank CEO Paul Arni to its board
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07:04 25.03.2025
American Express and Singapore Airlines introduce exclusive benefits for SMEs
04:38 25.03.2025
VP Bank maintains U.S. stock position amid tariff concerns and economic outlook
04:13 25.03.2025
Aspire launches program to support early-stage startups in securing funding
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