Latest news with #AjayMathur
Business Times
7 days ago
- Business
- Business Times
DBS to add 100 wealth bankers in Hong Kong as clients trade more
[HONG KONG] DBS Group Holdings, Singapore's largest lender, is planning to recruit 100 bankers catering to the rich in Hong Kong over the next three years with clients having more appetite to trade. Clients with at least HK$1 million (S$163,138) in investible assets are becoming more active in the financial markets, prompting the firm to add headcount, Ajay Mathur, DBS' head of Hong Kong consumer banking and wealth management, told the South China Morning Post in an interview. Volatility across assets from equity to bonds and currencies attracted investment demand, Mathur said in the article, which was confirmed by DBS. DBS's Hong Kong wealth revenue grew 86 per cent in the first quarter from the corresponding period in 2023, according to Mathur. DBS is also looking to add another wealth management hub in the city next year to offer products including insurance and financial planning services, he said. Its first such local centre opened last year at Queen's Road Central, targeting rich customers from Hong Kong and China. BLOOMBERG
South China Morning Post
7 days ago
- Business
- South China Morning Post
DBS Hong Kong hiring wealth managers as investors' risk appetite grows
DBS Hong Kong, a unit of Southeast Asia's biggest lender, plans to hire 100 bankers in the next three years and open a new wealth centre next year to capture the growing wealth-management business in the city, according to a senior executive. Advertisement The subsidiary of the Singapore bank was pressing ahead with its expansion plan as its wealthy customers were not worried about market volatility triggered by the US-China trade war, according to Ajay Mathur, head of DBS Hong Kong's consumer banking group and wealth management. 'The trade war and geopolitical tensions [may] have created volatility, [but] when there is volatility, it is a great time to trade currencies, bonds and equities,' Mathur said in an interview with the Post. 'Our affluent clients have made the most of it.' The benchmark Hang Seng Index plunged 13.2 per cent on April 7 after the US imposed hefty tariffs on Chinese imports, marking its largest one-day decline since October 1997. But the market recovered after both sides agreed to a 90-day truce last month. Ajay Mathur, head of consumer banking group and wealth management at DBS Hong Kong. Photo: Sun Yeung The index has gained 24 per cent this year, after rising 18 per cent last year. Meanwhile, the average daily stock turnover in the first five months this year has jumped 120 per cent year on year to HK$242 billion (US$30.8 billion). Advertisement Mathur said the bank has seen investments increase across all asset types, including stocks, bonds and currencies this year, driven mainly by affluent clients who have at least HK$1 million to invest.
Zawya
31-01-2025
- Business
- Zawya
Kuwaiti Amb. to India discusses sustainable energy solutions with ISA Chief
Kuwait Ambassador to India Meshal Mustafa Al-Shamali met on Thursday with Secretary-General of the International Solar Alliance Ajay Mathur in New Delhi to discuss cooperation in developing sustainable energy solutions. Ambassador Al-Shamali told KUNA that he held discussions with the Secretary-General of the International Solar Alliance to enhance cooperation with Kuwait in the field of developing the capabilities of solar energy technologies to achieve a low-carbon future. Kuwait had signed a MoU to join the International Solar Alliance during Indian Prime Minister Narendra Modi's visit to Kuwait last December. The ambassador pointed out that Kuwait joining the International Solar Alliance represents an important step towards cooperation in developing sustainable low-carbon energy solutions. The ambassador said that during the meeting he discussed ways to benefit from the Alliance's expertise in training Kuwait technical teams and exchanging knowledge in the field of expanding work in the solar energy sectors. The Secretary-General welcomed Kuwait signing the MoU to join the ISA, considering it an important historic event given Kuwait's international standing in the energy sector. Mathur also said that he is looking forward to optimal bilateral cooperation between Kuwait and the International Solar Alliance. India and France had launched the International Solar Alliance as a global initiative at the UN Climate Change Conference in Paris in 2015 to promote solar energy as a sustainable solution to energy access and climate change. The International Solar Alliance, headquartered in India, plays a major role in promoting global cooperation in the field of solar energy, enhancing energy security and supporting the transition to cleaner energy systems. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
Arab Times
30-01-2025
- Business
- Arab Times
Kuwaiti ambassador to India discusses sustainable energy solutions with ISA chief
NEW DELHI, India, Jan 30: Kuwait's Ambassador to India, Meshal Mustafa Al-Shamali, met with Ajay Mathur, the Secretary-General of the International Solar Alliance (ISA), in New Delhi on Thursday to discuss enhancing cooperation in the development of sustainable energy solutions. Ambassador Al-Shamali shared with KUNA that the discussions focused on strengthening collaboration between Kuwait and the ISA, particularly in advancing solar energy technologies to contribute to a low-carbon future. Kuwait had signed a Memorandum of Understanding (MoU) to join the International Solar Alliance during Indian Prime Minister Narendra Modi's visit to Kuwait in December. Ambassador Al-Shamali emphasized that Kuwait's membership in the ISA marks an important milestone in the country's efforts to develop sustainable, low-carbon energy solutions. During the meeting, the Ambassador also explored opportunities to leverage the ISA's expertise in training Kuwait's technical teams and fostering knowledge exchange to expand the country's solar energy sector. The ISA Secretary-General, Ajay Mathur, welcomed Kuwait's decision to join the Alliance, describing it as a historic and significant development given Kuwait's prominent role in the global energy sector. Mathur expressed his eagerness for enhanced bilateral cooperation between Kuwait and the International Solar Alliance. The International Solar Alliance was jointly launched by India and France at the 2015 UN Climate Change Conference in Paris. The initiative aims to promote solar energy as a sustainable solution for energy access and combating climate change. Headquartered in India, the ISA plays a crucial role in fostering global cooperation in the solar energy sector, boosting energy security, and supporting the transition to cleaner energy systems.
