Huobi announced the launch of a new program: Huobi OTC Desk. Huobi's OTC Desk is safe and secure, offering low spreads and zero processing fees. These services aim to increase payment methods and help minimize users’ transaction costs.

Huobi OTC provides fast payment processing and competitive prices for users around the world. For example, USD transactions are typically paid within 1 hour and the trading pair is USDT/USD- USDT/USD, spreads can go as low as 0.0001. It also does not charge any transaction fees. The price shown to clients is the 'all-inclusive' price.

The minimum trade amount for offline OTC transactions is $100,000 worth of assets. For transaction sizes over $100,000, quote trading is supported through the exclusive trading chat room.

Currently, Huobi OTC Desk supports bulk deposits and withdrawals of fiat currencies consisting of: US dollar(USD), Euro, Great Britain pound(GBP), Australian dollar(AUD), Canadian dollar(CAD), Swiss franc(CHF), Hong Kong dollar(HKD), Japanese yen(JPY), Singapore dollar(SGD), and USDT/USDC transactions.

If the investors’ bank has restrictions and doesn’t allow crypto related wire payments, the OTC Desk program will provide a proprietary virtual account solution (for USD only).

The services are not only suitable for individual investors or traders, but also Fund Management Institutions, Asset Management Institutions, Family Offices, Crypto Exchanges, Quantitative Trading Institutions, and High-Net-Worth Individuals.

The Business Manager of Huobi OTC Desk shared, "As the crypto market continues to grow, mainstream cryptocurrencies such as Bitcoin and Ethereum have gained popularity in mainstream institutional portfolios. Huobi OTC Desk will help professional investors purchase or sell a block quantity of cryptocurrencies in real-time, which can reduce the risk of market slippage, allow for competitive quotations, and increase operational efficiency”.

About Huobi OTC Desk

HuobiPay UAB, a registered Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator with the Register of Legal Entities of Lithuania, offers a secure and professional over-the-counter (OTC) desk that allows institutional clients and high net-worth individuals to purchase or sell a number of cryptocurrencies in real-time. This helps reduce the risk of market slippage, offer competitive quotations, and optimize capital efficiency.

Singapore, a small city-state located in Southeast Asia, has become an increasingly popular destination for visitors worldwide. While Singapore is known for its world-class food, shopping, and technology, many of its citizens have also made a name for themselves on the international stage. In a while, we'll consider some of the most famous Singaporeans who have made an impact abroad.

Singapore has seen many of its citizens leave the country to make their mark on the international stage. From entrepreneurs, investors and artists to academics and athletes, Singaporeans have gradually become some of the most renowned and successful individuals in the world. The list of famous Singaporeans abroad is growing quickly, and it's no surprise, given the country's impressive level of economic and social development since the 1960s.

The late Lee Kuan Yew, who was born in 1923, was a renowned Singaporean figure, known as the first Prime Minister of the nation. Under his leadership, Singapore underwent a remarkable transformation, emerging as a prosperous and modern state after gaining independence from Malaysia in 1965. Yew's impact on Singapore and its development cannot be overstated, and his legacy continues to be celebrated by Singaporeans and people globally. As the founding Prime Minister of Singapore, he served the country for over three decades, securing his place as the architect of Singapore's economic success. Today, Lee Kuan Yew's achievements are acknowledged around the world, inspiring many individuals and countries.

Ho Ching - was CEO of Singapore's Temasek Holdings, Singapore's state-owned investment company, from 2004 to 2021. Ho Ching is a Singaporean businesswoman who has been serving as the director of Temasek Trust since 2021. She is the wife of incumbent Prime Minister Lee Hsien Loong. She was widely regarded as the most powerful woman in the country. Ho Ching's influence extends beyond Singapore, with many of the company's investments made abroad.

Joseph Schooling, a native of Singapore, rose to fame as an Olympic swimmer. He fulfilled his dream of competing in the Olympic Games when he won a gold medal in the men's 100m butterfly event at the 2016 Rio de Janeiro Olympics. At the young age of 16, he moved to the United States to pursue his passion for swimming and has since become one of the most decorated athletes in Singapore's history. With his Olympic gold medal and numerous records, including the Asian and Commonwealth records in the 100-meter butterfly, Joseph Schooling has cemented his place as a national icon and source of inspiration for young athletes around the world.

Further, Singaporean fashion designer Prabal Gurung has gained international fame for his unique style and designs. Gurung, who was born in Singapore in 1979, is known for his use of bold colours and prints, as well as his commitment to sustainability and ethical production. Gurung's designs have been worn by a number of celebrities, including Michelle Obama, Sarah Jessica Parker, and Priyanka Chopra.

These are some of the most famous Singaporeans who have found success abroad. Whether they're entrepreneurs, athletes, actors, or fashion designers, these individuals have made an impressive impact on the international stage and are a source of pride for Singaporeans everywhere.

Here are other famous Singaporeans that have made a splash on the global stage:

Ravi Menon- Managing Director of the Monetary Authority of Singapore: Ravi Menon is the Monetary Authority of Singapore (MAS) managing director. He has held the post since 2011 and is responsible for overseeing the country's monetary policy and financial stability. He is member of the Group of Thirty, an international organization of prominent bankers and economic thinkers.

Shanmugam Jayakumar- Former Minister for Foreign Affairs: Shanmugam Jayakumar was the Minister for Foreign Affairs of Singapore from 2011 to 2018. He was instrumental in forging diplomatic ties with several countries, including the United States, China, India and Japan. Jayakumar was also a key negotiator in a number of regional issues, such as the South China Sea disputes.

Rockwell Automation, the world's largest company dedicated to industrial automation and digital transformation, has appointed Mariya Prempeh as country manager for Singapore, effective immediately. Mariya will be responsible for the company's business operations and direct sales in the country. She reports to Marcelo Tarkieltaub, regional director for Southeast Asia, Rockwell Automation.

Mariya has more than 10 years of experience in sales and marketing, working with enterprises across the globe in a various of technology sectors. Prior to joining Rockwell Automation, she was the Singapore general manager for Leica Geosystems, part of Hexagon. At Leica Geosystems, she was responsible for creating a diverse high-performing team and helping the company achieve strong financial growth despite the pandemic. Mariya was also formerly with Hilti Corporation, a multinational company that develops, manufactures, and markets products for the construction, building maintenance, energy and manufacturing industries.

"I am thrilled to join Rockwell Automation as country manager for Singapore, extending the company's strong footprint in the country, particularly in key manufacturing sectors such as life sciences, semiconductor, and oil and gas. I aim to leverage my expertise to strengthen the team's capabilities and accelerate our growth in Singapore, tapping into the growing demand for smart manufacturing solutions," said Prempeh.

Rockwell Automation has been in Singapore since 1991. The country acts as the Asia Pacific and Southeast Asia headquarters with facilities including a large-scale manufacturing facility and a customer experience center. The company is currently supported by a strong partner network of close to 200 distributors and system integrator partners across Southeast Asia. As a market leader in digital transformation and industrial automation, it offers a wide range of products and solutions, including The Connected Enterprise® solution, manufacturing execution systems, digital transformation, smart manufacturing systems, human machine interface, and smart devices such as in-cabinet modular I/O and independent cart technology.

"Singapore's adoption of automation and advanced technology continues to lead the region. According to a Deloitte report, Singapore is the second most prepared country for automation, ranking behind Australia and ahead of Japan. This makes Singapore such an important market for us in Southeast Asia, contributing significantly to our business across Asia and worldwide," said Marcelo Tarkieltaub.

"We are excited to have Mariya on board as we further strengthen our position and cater to the region's rising demand for advanced manufacturing solutions. Mariya's strong capabilities in leading country operations and nurturing high-performing teams, as well as her knowledge across various tech sectors, will help us expand our presence in the region," concluded Tarkieltaub.

Manufacturing is a major contributor to Singapore's gross domestic product (GDP), contributing about 21% or S$106 billion of GDP. The sector also employs about 450,000 workers, around 12% of the national workforce. In 2021, the Singapore government announced plans to grow the sector by 50% by 2030[1]. To achieve this goal, the country will need to develop its competitiveness through innovation, producing higher-value products and increasing its capabilities in advanced manufacturing. Investment in automation and smart manufacturing solutions will be key to helping Singapore achieve its target.

Rockwell Automation has been in Asia Pacific for over 40 years and continues to invest in its vision of expanding human possibility and digital transformation for its customers across the region. With over 4,800 dedicated employees in the region and a robust ecosystem of partners collaborating towards delivering value for our customers, Rockwell Automation continues to transform the industry, unlocking potential and productivity through automated and connected innovation.

Rockwell Automation Inc., is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 26,000 problem solvers dedicated to our customers in more than 100 countries.

A recent wealth management study has found that most investors prefer having a personal advisor over robo or digital solutions.

Navigator Investment Services, an integrated investment platform under Singlife with Aviva, has launched an advisory report in collaboration with EY (Ernst & Young Advisory Pte Ltd) to provide an in-depth look into the global wealth management industry amid disruptive changes.

Titled "Advancing the Art of Advisory: Is Advisory still Relevant?", the report examines key wealth trends that are redefining how financial advisors engage and serve their clients as well as how they can be of relevance in a digital-first era.

As wealth management becomes increasingly digital in response to the growth of the young, mass affluent segment, the shifting landscape has brought a host of considerations and opportunities that this report addresses. Some highlights of the report include:

A New Generation of Young and Wealthy

In Asia, it is projected that younger generations will inherit US$2.5 trillion (approximately S$3.36 trillion) of family wealth by 2030. With changes in preferences of the younger and digitally savvy generation and increasing competition from the self-serve digital wealth platforms, this calls to question how much of the pie is left for the advisory business.

Human Touch Remains Indispensable

The report finds that 72% of investors prefer to retain the human touch when it comes to advisory services, consisting of advisor-led relationships (35%) and hybrid "phygital (a combination of both digital and physical)" relationships (37%).

This correlates with a 2022 CFA Institute study which found that 66% of retail investors consider their primary financial advisor as their most trusted source for wealth management advice, far surpassing online research (9%) and friends and family (7%).

Honing the Craft of Advisory

Investors say that "trust that their advisors will act in their best interests", is the top attribute for selecting a wealth management provider (34%). This is followed by the ability to achieve high returns (21%), their commitment to ethical conduct (15%) and whether they were a trusted recommendation (15%). Fees were the least important consideration (7%) suggesting that investors are willing to engage advisors.

The report also revealed that investors are more likely to engage advisors during major life events, such as starting a new business (61%), buying a home (60%), or inheriting money (59%).

Akhil Doegar, Chief Executive Officer, Navigator, said: "While the rate of digital adoption has been increasing, the desire for a greater human touch continues to grow in tandem. Our report validates the value of advisory services as a highly trusted source of advice that will not be easily replaced by self-directed, digital investment options. These observations bode well for financial advisors, but in order to sustain that competitive edge, they will need to address the critical blind spots to truly enhance client value propositions."

Han Wee Tan, Partner, Ernst & Young Advisory, said: "We believe that the role of advisory remains paramount – particularly in times of uncertainty. Financial advisors play important and diverse roles in their investors' life: as a consultant across life milestones; a confidant during good and bad times; and a sentinel safeguarding them against emotional investment decisions. Advisory requires dedication, hard work and communication to earn not just superior returns but, importantly, the trust of investors."