Photo: Unsplash
Cover Photo: Unsplash

The end of August was filled with new high-profile hires and billion-dollar deals on the table. Find out more in our weekly business news round-up

August is coming to a close and this week has certainly been exciting with the appointment of a new chief executive officer, new deals being inked for business collaborations and possible billion-dollar deals on the table.

From Binance Singapore to Blackstone, Tatler rounds up all the biggest business news from this week that you need to read.  

See also: The Business Digest: Nanofilm Shares Plunge, Mindfi Raises $1 Million From Investors

 

Binance hires new Singapore CEO

Tatler Asia
Photo: Binance Singapore
Above Photo: Binance Singapore

This week, Binance Singapore announced that they appointed Mr Richard Teng as their new chief executive officer (CEO).

Binance Singapore is a cryptocurrency trading platform that offers Singapore citizens and residents trading pairs for Bitcoin, Ethereum and Binance Coin. They also allow for deposits and withdrawals through Xfers Direct, a payment platform. 

Binance Singapore is very established and Teng brings to the company a wealth of experience with years behind him at the Monetary Authority of Singapore, Singapore Exchange (SGX), Abu Dhabi Global Market (ADGM) and more. 

See also: 4 Things to Know About Richard Teng, Binance Singapore’s New CEO

Deutsche Bank appoints Dominique Jooris as Asia Pacific head of wealth solutions

Tatler Asia
Photo: Unsplash
Above Photo: Unsplash

Deutsche Bank has named Dominique Jooris as their Asia Pacific head of wealth solutions according to a statement the company made. He will play a key role in the bank's private banking sector. 

Jooris was most recently the chief executive officer (CEO) of Bank Pictet in Singapore and he left the role early this year. He has also held various senior roles at Goldman Sachs.

Blackstone is in talks to buy Singapore’s Interplex for US$1b

Tatler Asia
Photo: Unsplash
Above Photo: Unsplash

Blackstone is in talks to acquire Singapore’s Interplex for US$1 billion, according to people familiar with the deal. Interplex is a Singaporean precision components business.

This comes after Blackstone emerged as the leading bidder after beating out other rival private equity firms. 

The announcement of the deal is expected to come within the next few weeks. 

Singapore and Chongqing ink new agreements for cross border digital collaborations

Tatler Asia
Photo: Unsplash
Above Photo: Unsplash

Singapore and Chongqing businesses inked nine new agreements this week to further their cross border digital collaborations in sectors such as manufacturing, trade and logistics, and healthcare.

“By leveraging on Chongqing’s strengths as the advanced manufacturing and logistics hub for China, and Singapore as a trade and financing hub for South-east Asia, I am certain our collaborations will result in many significant projects for the region,” said Mr Lew Chuen Hong, chief executive of the Infocomm Media Development Authority (IMDA). 

See also: Jacqueline Poh: 5 Things To Know About Singapore Economic Development Board’s New Managing Director

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