Singapore

Eastspring Investments has named Phil Stockwell as chief executive officer for Singapore, effective September 1.

The Monetary Authority of Singapore sees scope for more clarity on the disclosure of bond rebates given to private banks, with the Private Banking Industry Group reviewing its code of conduct.

Doosan Bobcat is expected to start gauging sentiment for its $1bn-$2bn IPO in South Korea immediately after the securities registration statement is filed on September 8, according to bankers on the deal.

Private banks have been under sustained pressure to provide more transparency on the work they carry out for their client base in recent years. In Asia, where wealth is growing at the fastest rate globally, local scandals are combining with global regulation to create a thorny environment for the industry. Peter McGill reports.

Singapore Exchange (SGX) and the Baltic Exchange have agreed terms for a recommended share offer as the Asian company looks to proceed with a proposed acquisition.

DBS Group Holdings has hired five firms to prepare its maiden dollar-denominated additional tier one bank capital offering.

Singapore-based auto leasing company Ethoz Group is gauging appetite for a syndicated loan of up to S$120m ($89m).

BOC Aviation has ended an eight month break from the loan market, sending out a request for proposals for a $1.5bn revolver.

The Chicago Board Options Exchange has obtained regulatory approval for its CBOE Futures Exchange (CFE) to become a registered market operator in Singapore.

Commodities trader Noble Group is in the spotlight again after Fitch and Moody's published divergent ratings on Monday. Fitch took a more benign view on Noble, but Moody's downgraded it to B2 from Ba3 with a negative outlook.

Malaysia’s Sime Darby is injecting its Australian properties into Singapore-listed Saizen Real Estate Investment Trust via a reverse takeover in exchange for new units and cash raised from bank debt.

Singapore’s Suntec real estate investment trust (Reit) sold its first convertible bond in three years on Thursday, raising S$300m ($223.1m) after exercising the full greenshoe on the deal.