United Overseas Bank Stock News

The appointment is in line with the Banks reorganisation of its Private Bank arm across three regional market groups, namely Southeast Asia, Singapore and North Asia. UOB has named Khoo Lin-Wein as managing director and regional market head for Southeast Asia under its Private Bank arm, according to an announcement on Monday. Khoo will be responsible for expanding the Banks high net worth client base across Southeast Asia and developing progressive products and services to meet their needs. He reports to Chew Mun Yew , UOBs head of private wealth. Private Banking Veteran Khoo is an industry veteran with over 25 years of industry experience. He started his career at Mizuho where he was an equity sales trader from 1994 to 1998. Since then, he has focused on private banking and has worked with the likes of Coutts, Morgan Stanley, Credit Suisse, Deutsche Bank and Maybank, where he was head of private wealth for four years. Earlier this year, he was named head of wealth at Vietnams Techcombank.

[] The post UOB appoints regional head for Southeast Asia appeared first on Asian Private Banker .

QUETTA: Students organizations in Balochistan stage a protest on Saturday for recovery two UOB missing students.

The head of UOB Private Bank has left after seven years with the Singaporean wealth manager. Ong Yeng Fang has resigned from UOB Private Bank after first joining more than seven years ago from Julius Baer in 2014. A spokesperson for the bank confirmed the exit. Ong has more than 30 years of banking experience, around half of which has been in private banking. In addition to UOB Private Bank and Julius Baer, she also worked at Bank of America Merrill Lynchs wealth arm for three years as a managing director. Previously, she also spent 17 years with DBS corporate and investment banking unit. In the first half of 2021, UOBs assets under management for high affluent clients which includes private banking clients increased 7 percent to S$137 billion ($100 billion).

UOBs mobile-only banking solution TMRW announced the launch of TMRW Pay, an e-commerce loan that enables consumers in Indonesia to manage their budgeting needs. TMRW Pay offers consumers deferred payment services, The post UOB Indonesia Launches E-Commerce BNPL Service TMRW Pay appeared first on Fintech Singapore .

UOB Malaysia launched U-Energy, the first integrated financing platform in Asia, last week. The bank aims to promote the countrys adoption and development of energy efficiency projects for buildings and apartments. According to UOB, U-Energy will help local businesses and homeowners save on electricity bills, achieve sustainability goals, and lower carbon emissions, following its initial Read more » The post UOB targets Malaysia with U-Energy, Asias first integrated financing platform appeared first on Tech Wire Asia .

RIYADH: The US-based investment bank Citigroup has chosen favourable bidders for its consumer assets in Asian markets. The investment banking company chose Bangkoks Bank of Ayudhya to buy its retail assets in Thailand, with an expected potential $2 billion deal to be negotiated in the coming weeks, Bloomberg reported. Citigroup has picked Singapore-based United Overseas Bank in [] The post Citigroup sets its preferences for $3 billion sales in Asia appeared first on BOL News .

Citigroup has reportedly selected its preferred bidders for its consumer banking assets in Asia, has part of its broader plans announced earlier this year to exit retail markets where it lacks scale. Citi has chosen its preferred bidder for its consumer banking assets in various Asian markets including Thailand, Indonesia, Malaysia, China and the Philippines, according to a «Bloomberg» report citing unnamed sources. This is part of its plan announced in April this year to exit 13 retail markets including 10 in Asia Pacific. The National Australia Bank has been the first in the region to cut a deal, agreeing to buy Citis Australian consumer banking unit in a deal valued at around A$1.2 billion ($880 million). Southeast Asia Earlier this month, the Union Bank of the Philippines was reportedly selected as Citis preferred bidder for its Filipino consumer banking assets in a potential deal valued at around $1 billion. Elsewhere in Southeast Asia, the American banks top picks include Mitsubishi UFJ-owned Bank of Ayudhya for its Thai assets in an estimated $2 billion sale; UOB for its Indonesian assets in a potential multi-hundred million dollar deal; and Standard Chartered for its Malaysian assets in another multi-hundred million dollar sale.

DBS Group Research has maintained "buy" on UOB and OCBC at target prices of S$31 and S$14 respectively, as it expects Singapore banks to benefit from the rate-hike cycle.

HONG KONG and SINGAPORE , Nov. 29, 2021 /PRNewswire/ -- ESR Cayman Limited ("ESR" or the "Company", together with its subsidiaries as the "Group"; SEHK Stock Code: 1821) is pleased to announce that the Group has upsized its first Sustainability-Linked Loan ("SLL") to US$1 billion after its first close in early November 2021 . Taking its inaugural step into sustainable financing, the Group announced that it had secured its first SLL of US$700 million , with an option to upsize it to US$1 billion , on 1 November 2021 . On the heels of the initial announcement, the Group has completed the incremental upsize portion of US$300 million in less than one month backed by the addition of new Mandated Lead Arrangers, including Mizuho Bank , LTD ("Mizuho"), Natixis Hong Kong Branch ("Natixis"), The Hongkong and Shanghai Banking Corporation Limited ("HSBC"), and Malayan Banking Berhad ("Maybank"). The US$300 million incremental facility consists of a three-year tranche of US$150 million at Libor plus 2.25% and a five-year tranche of US$150 million at Libor plus 2.75%.

ASEAN''s first digital bank has been widely recognised, winning more than 40 awards in the last two years SINGAPORE , Nov. 25, 2021 /PRNewswire/ -- TMRW by UOB has been named the Best Digital Bank for Southeast Asia for the second consecutive year at the Global Retail Banking Innovation Awards 2021 by The Digital Banker . The award recognises TMRW for its industry-leading digital capabilities to create a simple, engaging, transparent and hyper-personalised digital banking experience for retail consumers. TMRW was also awarded the Best Digital Bank for Millennials at this year''s ceremony. The latest win follows from other key digital banking awards TMRW has won including the Best Digital Bank in both Indonesia and Thailand at the International Finance Awards 2021 and the Best Consumer Digital Bank in Indonesia by Global Finance . Mr Kevin Lam , Head of TMRW and Group Digital Banking, UOB said, "It is an honour to be recognised for our efforts in driving digital banking innovation and to be awarded the top accolade in the region for the second consecutive year by The Digital Banker''s global panel of judges.

Pace, founded in January this year, will use the funds to enter Japan, S Korea, and Taiwan.

Pace, a Singapore-based Buy Now Pay Later (BNPL) solution, announced that it has raised US$ 40 million in its Series A investment round. Investors that joined the round include UOB The post Turochas Fuads BNPL Firm Pace Raises US$40 Million in Series A appeared first on Fintech Singapore .

Pictet''s wealth management division has made a raft of hires covering the North Asia market out of both Hong Kong and Singapore, according to an internal memo seen by finews.asia . In Singapore, Pictet Wealth Management (PWM) has formed a new team covering North Asia with three former UOB private bankers, according to an internal memo seen by finews.asia . UOBs ex-North Asia market head Eric Phua has been appointed market group head, reporting to head of South Asia Sharon Chou . Phua has over 20 years of private banking experience and, in addition to UOB, previously also worked for Citi Private Bank a Citi International Personal Bank in Singapore covering the China and Taiwan markets. UOB Trio Joining Phua from UOB Private Bank are Jaime Ang as market leader and Bernard Bay as a senior private banker. Ang was most recently a senior client advisor at UOB covering private banking clients from North Asia for 10 years. Previously, she was also a senior relationship manager at Citi International Personal Bank and DBS.

As the digital age continues apace, central and private banks across the world are experimenting with technology to promote faster, smoother and more secure economic transactions. In the ASEAN (Association of Southeast Asian Nations) region these changes have been significantly promising. FinTech in ASEAN 2021 report by UOB, PwC Singapore and the Singapore FinTech Association []