Managers of Wealth Asia Pacific

Siam Commercial Bank targets top wealth manager spot in Thailand

SCB CEO expects Thai assets to exceed $1t by 2028.

Japan trader Itochu not to join Seven & i management buyout plan

The founding family has been seeking loans and investments also from banks and investment funds to help finance the buyout deal, estimated at 9 trillion yen.

President Prabowo launches Indonesia's first bullion banks

At the launch, the president said bullion banks could help the state save foreign exchange by allowing the entire gold supply chain to stay onshore.

Maybank Soars to New Heights

This performance was driven by an 8.1 percent rise in net operating income to RM29.57 billion.

Citi Launches Inaugural NextGen Program For Market Sales

The program will focus on four major pillars: mentorship, networking, growth, and learning.

SCB offers more overseas wealth options

Goal is B180bn in assets managed

HSBC reports $2bn outflow from Asia in fourth quarter

The bank announced a range of cost-cutting measures, looking to reduce expenses by $300m this year and $1.5bn a year from 2026

Private Vietnamese lender DongA Bank renamed Vikki Bank

The new name of the bank is "Vikki Digital One Member Bank" (Vikki Bank).

Citi wins commercial card mandate for Australia's NSW govt

Citi has been appointed as the provider of commercial cards for the New South Wales Government (NSW)

Korea's 4 major banks to close more offline branches by March

But Hana Bank plans to increase the number of its outlets from 597 to 602 during the same period.

ANZ Institutional: Best Bank in Asia for relationships eight years in a row

Previously, this award was known as the ‘Greenwich Quality Leader in Asian Large Corporate Banking’.

HSBC's global brand in the balance as it doubles down on Asia bet

Just a few weeks later, the lender would reveal plans to wind down its mergers and acquisitions and equity capital businesses in Europe and the Americas, capitulating to Wall Street rivals who have dominated the scene in recent years.

No. of bank branches falls for 6th straight year in 2024: data

Banks have opted to shut down branches as part of cost-cutting measures, as more customers prefer mobile and internet banking.

Nuvei seals deal to acquire Paywiser Japan Limited, launches direct acquiring capabilities in Japan

The completed acquisition of Paywiser Japan Limited includes an acquiring licence granted by the Japanese Ministry of Economy, Trade and Industry (METI).

HSBC Malaysia opens flagship wealth centre at TRX to serve high-net-worth clients

Given these factors, the timing is right for HSBC to launch its flagship wealth centre in Malaysia.

DBS Foundation Allocates Over IDR 100 Billion to Enhance Social Impact in Indonesia by 2028

This initiative reflects DBS Group’s SGD 1 billion commitment announced in 2023 to support vulnerable communities over the next decade.

PagoNxt launches real-time payments to China

This flexibility caters to the diverse needs of businesses looking to expand their cross-border payment capabilities, across sizes and industries.

Maybank Unveils Money Lock for Enhanced Banking Security

This extra layer of protection allows customers to enjoy the benefits of online banking without compromising their financial peace of mind.

Yibin City Commercial Bank seeks up to $240 mln in Hong Kong IPO

The company will offer 688.4 mln H shares as part of its global offering, at an offer price of HK$2.72 per share

OCBC Bank (Hong Kong) Limited’s Sale of the Entire 33.33% Stake in Hong Kong Life Insurance Limited

The completion of the transaction will be conditional upon customary closing conditions including but not limited to regulatory approvals.

Retail Banking