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BNP Paribas has appointed Eric Tran as chief sustainability officer for global banking in Asia-Pacific, effective immediately, with plans to relocate from Hong Kong to Singapore later this year. He will lead the ESG strategy across all business lines.Sun Life Financial has named Bennet Li as senior vice president and chief financial officer for Asia, also effective immediately. Li, who has been interim CFO since September 2024, will be based in Hong Kong and report to the executive vice president and the president of Sun Life Asia.
Barclays has appointed Nitin Singh as the head of its Asia operations, a notable move as it is uncommon for such a position to be based in India. This decision reflects the bank's renewed focus on the region, highlighted by plans to establish a new booking center in Singapore by 2026, following its previous exit from the market.
Central Asia's startup ecosystem is thriving, with Kazakhstan leading in venture investments, attracting $71m in 2024, primarily from foreign investors. Uzbekistan saw a remarkable 2.7-fold increase in investments to $17.5m, while Kyrgyzstan and Tajikistan also reported growth in their respective markets. Key sectors driving this momentum include artificial intelligence, fintech, and educational technologies, indicating a robust potential for future development and global integration.
Howden has promoted Bryan Pee to CEO for Singapore and Malaysia and Shirley Sy to deputy CEO for Hong Kong, emphasizing investment in home-grown talent. Meanwhile, Citigroup has appointed Ben Connolly and Philippe Perzi as co-heads of capital markets and advisory in Australia and New Zealand, pending regulatory approval. Both firms are enhancing their leadership to support growth and client services in the Asia-Pacific region.
Carro, a Singapore-based online car marketplace, has expanded its offerings to include parallel-imported vehicles, alongside in-house financing and after-sales services, as it marks its tenth anniversary. The new lineup features two packages: a premium option with a 10-year warranty and 10 servicing sessions, and a basic option with a five-year warranty and five servicing sessions. Private-hire drivers can benefit from loan tenures of up to ten years with no down payment, and a launch promotion offers discounts of up to S$4,000 on select models, including the Toyota Voxy and Honda Stepwagon.
Morgan Stanley has maintained an Overweight rating on Prudential plc, despite an anticipated profit decline for FY24. The financial services group primarily focuses on life and health insurance, which accounts for 96.8% of its revenues, with significant market presence in Hong Kong, Singapore, Malaysia, and Indonesia. Additionally, Prudential's asset management segment, Eastspring, manages USD 237.1 billion in funds as of 2023.
Southeast Asia's payments landscape is rapidly evolving, with non-digital payment methods declining to just 13% of ecommerce transactions in 2023, projected to drop to 6% by 2028. The region's ecommerce market, valued at $137 billion, is expected to grow to $325 billion, driven by cross-border commerce and new payment methods like digital wallets and buy now, pay later options. However, merchants face challenges in navigating cross-border payments, including integration, fraud prevention, and transaction fees, necessitating the use of payment service providers for effective solutions.
Singapore-based caregiving platform Homage has achieved financial breakeven, marking a significant milestone after over a year of operational streamlining. This success enables the company to maintain its focus on personal care services and support for caregivers. Additionally, Homage has been recognized in The Straits Times’ list of fastest-growing companies for 2025, underscoring its growth and expansion.
Singapore-based caregiving platform Homage has achieved financial breakeven, marking a significant milestone after over a year of operational streamlining. This success enables the company to maintain its focus on personal care services and support for caregivers. Additionally, Homage has been recognized in The Straits Times’ list of fastest-growing companies for 2025, underscoring its growth and expansion.
A Singapore court has granted bail to three men accused of defrauding suppliers in a $390 million Nvidia chip fraud case. The suspects, including two Singaporeans and one Chinese national, face charges of smuggling and providing false information about server locations. Bail amounts were set at S$800,000 and S$600,000 for the Singaporeans, while the Chinese national's bail is S$1 million, contingent on electronic monitoring.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
wealth management appointments at bnp paribas and sun life in asia pacific
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Krishnan Venkatesh
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20:44 20.03.2025
barclays appoints nitin singh as asia head from india for comeback strategy
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01:39 20.03.2025
central asia startups thrive in uae with 96 million in venture investments
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East Group Co.,Ltd
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14:05 19.03.2025
wealth management appointments in asia pacific howden and citigroup updates
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20:42 18.03.2025
Carro expands offerings with new cars and discounts for private-hire drivers
17:26 18.03.2025
Morgan Stanley maintains overweight rating on Prudential amid profit forecast decline
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09:02 18.03.2025
southeast asia's evolving payments landscape opportunities and challenges for merchants
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03:00 17.03.2025
Singapore caregiving startup Homage achieves financial breakeven and growth recognition
07:45 14.03.2025
Singapore caregiving startup Homage achieves financial breakeven and growth recognition
07:45 14.03.2025
Singapore court grants bail in Nvidia chip fraud case involving 390 million dollars
01:50 14.03.2025
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