Managers of Wealth Asia Pacific

Emerging-market, energy woes hit home for Japanese banks

Slowing overseas economies hit the banks hard.

Mizuho Sees Profit Falling 11% as Negative Rates Hit Margins

The Tokyo-based companies are the first of Japan’s three biggest banks to indicate how earnings this fiscal year will be dented by the Bank of Japan’s January decision to start charging lenders for some of their excess reserves parked at the i

Sun Life Grepa posts robust gains in 2015

“The achievements we had in the previous year give us the momentum to further pursue our mission of empowering Filipinos and help them become financially secure,” he added.

Japan's Largest Bank Mitsubishi UFJ Sees Profit Falling 11% Amid Negative Rates

Gains in the yen and a smaller contribution from the bank’s investment in Morgan Stanley were also factors

AMP wealth management cashflows dive 39pc in Q1

There is a bright side for AMP, however, with the group foreseeing an uptick in demand for its services.

Kotak Mahindra Announces Rise In Earnings, Becomes 2nd Most Valued Private Bank

At a time when most Indian banks profitability has been marred by high levels of bad loans and provisions

Metrobank, PSBank Post Higher Q1 Profits

Metropolitan Bank and Trust Co. grew its first-quarter net profit by 3 percent year-on-year to P5.25 billion on higher interest income and treasury gains.

CS sees boostinhiring for Asiawealth management,IB

The Asia Pacific chief executive of Credit Suisse, Helman Sitohang, said in a conference call on Thursday that the bank is to increase its headcount in the region as it hires wealth managers and adds selectively in the investment bank.

CBA posts third quarter profit of $2.3bn

In the 31 March 2016 quarter, CBA saw its loan impairment expense climb higher to $427 million, equating to 25 basis points of gross loans and acceptances for the quarter.

Malaysia emerges as global leader in Islamic banking and finance

Meanwhile, Saudi Arabia, United Arab Emirates and Kuwait ranked third, fourth and fifth with scores of 66.98, 36.68 and 35.51 respectively.

IndusInd Bank hopes to make more profit in rural India

The bank is well on its way to achieve its 1200 branch network by March 2017 as it has already got an active network of 1000 branches as of March 2016. But Sobti said despite digitisation, the bank will continue to add branches.

NAB posts $1.7bn net loss from Clydesdale IPO

NAB's Wealth division did particularly well in the half-year

ARA Asset Management’s earnings jump 10%

Real estate management fees grew 19% YoY to $5.8m in Q1, thanks mainly to higher property management fees received.

UBS Profit Misses Estimates on Lower Wealth, Trading Income

Chief Executive Officer Sergio Ermotti, 55, who has shifted the bank’s focus away from investment banking in favor of wealth management, is struggling with market volatility that led to a slump in trading across the firm.

HSBC underlying pre-tax profits fall 18% to £3.7 billion

HSBC has posted a sharp drop in profits for the first three months of the year after it was hit by "extreme levels of volatility" in financial markets in January and February.

DBS WM revenues rise over 40%

DBS’ wealth management division has posted a substantial 47% quarter-on-quarter increase in net fees and commission income for the arst quarter of 2016

ANZ posts biggest earnings drop since 2008

The big earnings drop at ANZ, the only major Australian bank with a large presence in Asia, also comes in an election year when banking sector misconduct is a hot issue following a series of scandals including insurance fraud and rate rigging.

Ocbc's Profit Falls 14% on Insurance Income Drop, Provisions

Central banks from Southeast Asia to China have delivered various fiscal and monetary measures to boost growth amid mounting troubled loans at lenders.

China Merchants Bank profits grow 6.6 pct in Q1

The bank cited robust retail banking services and the expansion in wealth management and insurance businesses as factors underpinning the profit growth.

ICICI's Profit Plunges The Most In 15 Years As Provisions Surge

ICICI Bank, India’s second-largest lender by assets, reported the biggest drop in quarterly profit in at least 15 years after setting aside reserves on top of provisions to cushion future defaults.

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