Singapore financial and brokerage industry

The Chinese trader fired by Mitsubishi Corp for allegedly losing US$320 million (S$441 million) in oil trading said he was acting on his managers' orders and there were no unauthorised transactions, according to his lawyer Oil trader at Mitsubishi's Singapore unit fired for losing $441m denies making hidden bets

Following months of discussions between the two banks over the transfer of the trading representatives, about 100 remisiers from DBS Vickers will join UOB Kay Hian. DBS Vickers Remisiers to Move to UOB Kay Hian

With immediate effect, offers must be fair and reasonable to the IFA. The other change bars the offeror and concert parties from voting on the voluntary exit offer SGX shifts voluntary delisting power balance to minorities

A new business model is very much needed to take over the 'old' business model of remisers and phone calls. The world have moved on a lot more since. A pure online and discount brokerage model could make sense. Cut out the bloat in phone dealing. Costs will be reduced by having a small team of dealers/customer service to perform solely as a customer service platform rather than trade execution service. Branching out to different segments. A private wealth and wealth accumulation platform. Try to have a niche instead of competing with banks. Brokerages can offer niche services such as private/public placements and block trading by creating a private wealth desk. Built relationships with overseas listing managers, offer IPO aggregation service for non-local stocks. Built expertise and source business from regional/global countries. Do this on a specific country basis to build domain knowledge instead of spreading all the bullets. Understand legal and viable business struc...

The founder of the Lion City’s best known maker of cakes and biscuits has gone from her kitchen counter to international success Known to her staff as ‘Lady Boss’, she discusses her long-held commitment to quality that helped the brand secure US$48 million in revenue last year Singapore’s Anastasia Liew on what’s cooking at her famous Bengawan Solo bakery

SINGAPORE Exchange (SGX) on Thursday announced its biggest senior management reshuffle in recent years as the market operator looks to grow beyond its traditional equity business where competition has been keen, and drive growth in multiple asset classes. SGX revamps to drive growth in multiple asset classes

UOB Kay Hian, the largest securities brokerage in Singapore, is looking to hire DBS Vickers' remisiers and trading representatives who are affected by its recent revamp. UOB, DBS Vickers Discuss Transfer of Remisiers