Managers of Wealth Asia Pacific

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.

Higher Interest Rates Fuel Record Profit at UOB

In the first nine months of 2022, UOB's net profit reached S$3.4 billion, up 12 percent compared to the same period last year.

ANZ 2022 Full Year Result & Proposed Final Dividend

ANZ Plus in market with deposits growing at a faster rate than any other new digital bank in Australia; fully digital home loan product expected to pilot next month.

ADB gives crisis-hit Pakistan $1.5 billion loan

The country was suffering from massive floods, high prices, rising food insecurity, falling business activity

DBS joins LCH SwapClear as the first direct member in Singapore

By joining LCH SwapClear as a direct member, DBS will be able to post Singapore Government Bonds as collateral, marking the first time a global offshore clearing house has accepted this asset class as eligible collateral.

CBA Emergency Assistance for flood affected areas in New South Wales, Victoria and Tasmania

Commonwealth Bank is providing Emergency Assistance to flood-affected areas across Australia’s east coast.

BSE’s top volume performer in Securities Lending

Deutsche Bank is India’s leading custodian offering execution services in lending of securities in the SLB segment.

BDO recognized as best bank in Philippines

Alpha Southeast Asia evaluated the performance of financial institutions from a business and strategic performance perspective including major strategic initiatives such as digital transformation and new business launches.

DBS launches polytechnic apprenticeship programme

In each year of study, students on the DBS FinTech Apprenticeship Programme will attend masterclasses delivered by the bank’s senior engineers to gain exposure to how technology is being deployed in the banking and financial sector.

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