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Dispatches: Financial sector employees secure largest pay jumps, says survey

Blamed for nearly bringing down the financial system with excessive pay two years ago, bankers and other financial types are back again at the top of the list in pay jumps in Singapore. Workers in the financial sector here overtook those in the pharmaceutical industry to score the biggest increase in pay this year, according to the latest Total Remuneration Survey by human resource firm Mercer. (Asia One)

Since Agricultural Bank of China listed last summer in Hong Kong, the shares have risen more than 31 per cent. The share price has nothing to do with fundamentals of the bank and everything to do with the fundamentals of the Chinese economy. (Financial Times)

How much in assets is needed to start a family office? Credit Suisse has launched a ‘family office hub’ to enable those with at least US$100m in investible assets to test the waters in terms of a family office operation. (Asia One)

The next step for a combined Singaporean-Australian stock exchange would be expansion within Asia, according to SGX chief Magnus Bocker. Mr Bocker yesterday said the combined exchange would be the ideal venue for emerging companies from Indonesia, Vietnam, Malaysia and other ASEAN (Association of Southeast Asian Nations) countries, and would be marketed to them. (The Australian)

The former partner in the unsuccessful bid by China Strategic (0235) to buy Nan Shan Life has formed a new team in its attempt to acquire the Taiwan unit of American International Group. Primus Financial Holdings has teamed up with Goldsun Group, the Taipei-based Economic Daily News reported. (The Standard)

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