10 Feb '11, 10pm

Investment banking association joins ABS

The Singapore Investment Banking Association (SIBA) will be incorporated into Association of Banks in Singapore (ABS) in a move that will benefit members of the enlarged industry grouping, ABS chairman Wee Ee Cheong said yesterday. "The combined membership and resources/ platform will enable ABS to more comprehensively and effectively represent the interests of the banking industry, create synergies and further add value to all members," he said at the annual ABS Chinese New Year lunch celebration. SIBA chairman George Lee said: "Currently, certain investment banking activities are already undertaken by existing ABS members. At the same time, there are financial institutions with offices in Singapore but licensed as pure investment (and not commercial) banks in their home countries; hence these institutions are not ABS members. With the latest development, they will all co...

Full article: http://www.todayonline.com/Business/Businessinbrief/EDC11...

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