Managers of Wealth Asia Pacific

Akulaku Announces $200 Million Investment from MUFG

Company Plans for Continued Expansion Through Digital Transformation and Financial Inclusion

Singapore Banks Putting Money Into AI and Big Data

UOB sought to spend $500 million to scale digital offerings until 2026, on top of the average $535 million spent on technology yearly in the past four years.

Citi Winds Down Consumer Banking Unit in China

The announcement of its China wind-down marks the final outstanding APAC market for withdrawal, as per an April 2021 announcement to exit 14 consumer markets globally where the bank lacks the scale to compete.

Commonwealth Bank Wants to Close the Gap on Business Lending -- Interview

We think we are well positioned to close the gap on lending and we've made considerable gains over the last two years

Union Bank of the Philippines partners with Hex Trust to tap into the metaverse

Since March 2021, Hex Trust has been the first licensed digital asset custodian to support NFTs, including those that provide access to metaversal platforms such as The Sandbox.

Singapore’s DBS Bank in pact with J.P. Morgan Asset Management to develop retirement solutions

With this, customers can retire well by optimising their drawdowns of savings, investments and other retirement benefits wisely in real time

Seba Bank opens Hong Kong office

The opening of our Hong Kong office is critical to our ambition in the region.

MUFG to Acquire HC Consumer Finance Philippines and PT Home Credit Indonesia

Krungsri will hold 75% of the shares of HC Philippines and 75% of the shares of HC Indonesia, MUFG Bank will hold 25% of the shares of HC Philippines, and ADMF will hold 10% of shares of HC Indonesia.

StanChart sees Asia, Middle East as bright spots in weak global economy

StanChart, which operates in 59 countries with a focus on Asia, Middle East and Africa, is seeing its European and U.S. clients move more business to low-cost Asia.

Chinese banks maintain lending rates as PBOC signals caution

The LPRs are based on the interest rates that 18 banks offer their best customers and are published by the PBOC monthly.

DBS opens rep office in Bangladesh

The bank has appointed Tahsina Banu as its chief representative of DBS Dhaka.

HSBC Opens New Singapore Headquarters

The new HQ marks HSBC’s long-term commitment to Singapore and recognizes the city-state’s position as the regional hub for wealth management, innovation and sustainability, the bank announced.

Bank of Baroda Shares Rise on Surge in Second-Quarter Net Profit

Citi raised its stock target price to INR165 from INR153 and maintained a buy rating.

Bank of Japan debated impact of future exit from easy policy amid rising prices

“It’s important to continue to examine how future exit strategies (from ultra-loose policy) will affect markets, and whether market participants will be well prepared for them,”

Westpac releases latest Independent Reviewer reports on CORE program

The Program comprises 19 workstreams, 83 deliverables with 350 activities.

OCBC Group third quarter 2022 net profit up 31% from the previous year to a new high of S$1.60 billion

Group net profit of S$1.60 billion was 31% higher as compared to S$1.22 billion a year ago.

Westpac Group extends partnership with Australia Post

The agreement with Australia Post means Westpac is continuing its commitment to fund investment in Bank@Post technology and services.

Singapore's UOB completes deal for Citi's Thailand, Malaysia retail banking ops

"The acquisition provides us with increased scale and supports our ambition to be the bank of choice for consumers and businesses in Asean,"

Bangkok Bank’s Kahaboonsirihansa tips Asian equities and alts

The bank’s head of wealth research Surakiat Kahaboonsirihansa is looking to diversify clients’ portfolios, while also tapping into attractive regional themes including the economic reopening and growth in renewable energy investment.

Barclays builds up Asia business, sees growth in India and Australia

The bank mainly caters to corporate and institutional clients in Asia and has hired about a dozen senior executives over the past two years to beef up its investment bank, markets unit and private banking business.

Retail Banking