Singapore

Derivatives post-trade initiatives are on the rise in Asia, said post-trade services operator TriOptima, arguing that the region is trying to improve its fragmented regulatory framework and adhere to global financial standards.

A Singapore-based banker who is part of the syndicated finance team at DBS will be moving to a new role next week, according to sources.

Fullerton Health’s planned $200m IPO will no longer feature Morgan Stanley as one of the leads, leaving JP Morgan and UBS as the two banks handling the Singapore-bound listing.

Property developer Frasers Centrepoint could start investor education next week for a potential S$900m ($659.5m) real estate investment trust IPO in Singapore, according to sources close to the deal.

Allocations have been issued for a $455.75m loan to support Baring Private Equity Asia’s acquisition of Singapore-based Interplex Holdings.

In this round-up, Hong Kong RMB deposits shrank further in March, southbound usage of the Shanghai-Hong Kong Stock Connect picked up, China's foreign exchange regulator granted four new RMB qualified foreign institutional investor (RQFII) quotas in April, and Singapore Exchange launched trading of derivatives under the new MSCI China Free Index. Plus, a recap of GlobalRMB's top stories this week.

Singapore Diamond Investment Exchange is looking ahead to derivatives products and exchange traded funds as it opens for business as the world’s first commodity exchange for physically settled diamonds.

Kelvin Leung has left Credit Suisse’s non-Japan Asia equity syndicate desk to pursue other interests, according to a source close to the move.

Manulife US Real Estate Investment Trust kicked off its second try at a Singapore listing on Tuesday with the launch of a bigger, bolder trade, this time expecting to raise up to $470m.

Standard Chartered has promoted Aaron Gwak to head Asean capital markets.

Manulife US Real Estate Investment Trust started taking orders for its $470m Singapore IPO on Tuesday and is hoping to woo investors following a failed attempt at a listing last year.

Industrial and Commercial Bank of China’s Singapore branch has ventured out to the dollar bond market straight after the end of Labour Day holidays, launching a three year offering on Tuesday.