David Conner News
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Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender, posted a 32 percent increase in first-quarter profit on higher income from corporate borrowing, insurance, trading and investments.
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Oversea-Chinese Banking Corp.’s Samuel Tsien, who became chief executive officer of Southeast Asia’s second-largest lender yesterday, aims to boost the company’s revenue from China and Indonesia.
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Oversea-Chinese Banking Corp. named Samuel Tsien as chief executive officer to replace David Conner, who will retire in April after a decade running what is now Singapore’s second-largest lender.
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Hugh Young, who helps manage $70 billion in Asian equities as Singapore-based managing director of Aberdeen Asset Management Asia Ltd., comments on Oversea- Chinese Banking Corp.’s announcement that Chief Executive Officer David Conner will retire in April after a decade running the city’s second-largest lender.
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DBS Group Holdings Ltd. Chief Executive Officer Piyush Gupta’s annual salary increased to S$8.08 million ($6.4 million) last year as profit at Southeast Asia’s biggest bank climbed to a record.
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Ask David Conner, chief executive officer of Singapore’s Oversea-Chinese Banking Corp., what makes a world-class bank and he smiles and tells the story of how he was hired. It was April 2002, and Singapore’s banks faced a struggling economy, poor demand for credit and rising competition from foreign lenders that had just won greater access to the Singaporean market.
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Oversea-Chinese Banking Corp. Chief Executive David Conner said he expects loan growth to taper. He was speaking at a press briefing on the bank’s results in Singapore today.
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Oversea-Chinese Banking Corp., Southeast Asia’s second-largest bank, posted an 18 percent increase in fourth-quarter profit, beating analysts’ estimates as loan demand climbed.
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Oversea-Chinese Banking Corp. , the lender that owns Singapore’s biggest life insurer, posted a surprise increase in first-quarter profit as fee and trading income climbed and bad-loan costs fell.
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China is open to buying more bonds of indebted euro-area nations as part of a strategy to bolster the European Union economy and diversify away from investments in U.S. debt, China’s ambassador to the EU, Song Zhe, said.
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