Managers of Wealth Asia Pacific

NZ Post to sell 45 per cent of Kiwibank for $495m cash injection

The deal values Kiwibank at $1.1 billion, NZ Post chairman Sir Michael Cullen said.

Former Standard Chartered Asia chief Jaspal Bindra to pick up stake in Centrum Group

The development again underscores a growing trend of high-profile Indian-origin global bankers returning to their roots after long overseas stints to back homegrown financial service companies as investors or to pursue entrepreneurial opportunities.

Family offices step up investments in second half of 2015-16: Report

Family offices increase investments by 38%, led by Ratan Tata and Ronnie Screwvala, among others

Development Bank cuts Asia's growth forecast to 5.7% for 2016

Pegs growth in India to fall to 7.4% from 7.6% in 2015, but sees a recovery to 7.8% in 2017

MBSB to transform into Islamic after failed mergers

Around 85% of MBSB’s outstanding loans were already syariah-compliant and credit growth this year should be 6% to 8%

ICBC earnings rise by 0.5pc to 277b yuan, corporate bad loans climb to 135b yuan

Net fee and commission income from personal wealth management and private banking amounted to 35.9 billion yuan, up by 73.7 percent, or 15.2 billion yuan, over the year before.

Earnings of China’s investment banking major CICC up 75pc

CICC last year ranked first in merger and acquisition business of mainland-China-based enterprises

Goldman profits up despite woes

The reporting entity’s results, which include investment banking and securities, were however propped up by “other income”, notably a 45 per cent lift in interest income from short-term deposits

They make big push to nurture segment amid business headwinds and slower growth

SMEs are vital to the local economy so any slowdown amid prevailing business headwinds will be only temporary.

The commodities slump won't undermine Australia's banks

Sadly for the dwindling band still shorting the country's big four banks, there's little evidence such problems will pose more than a temporary speed-bump to their earnings.

China bank profits flat-line as bad debts continue to soar

Profit growth has slowed in recent years while the sector tackles its greatest challenge since the global financial crisis, with bad loans at a 10 year high while funds set aside to cover the losses fall close to regulatory limits.

Bank Alfalah Earns Profit Before Tax Of RS 12.6 BLN

An announcement here on Monday said that earnings per share increased by 16 percent and were reported at Rs 4.73 as against Rs 4.09 in 2014.

Citic Profit Misses Estimates Amid Losses From Resources Unit

Citic Ltd. sprang from Citic Group, China’s first state-owned investment corporation, which was set up in 1979.

Hong Kong insurance premiums rise in 2015

The Office of the Commissioner of Insurance in Hong Kong released provisional statistics of the local insurance industry for 2015, showing an increase in premiums for the year.

IDBI Bank gets board nod to raise up to ₹20,000 cr in FY17

On February 23, the public sector bank said that the market regulator had acceded to its request to raise capital by issue of equity shares aggregating to ₹3,771 crore by way of a qualified institutional placement.

India-Born Hinduja Brothers Top Britain's 'Asian Rich List'

The 'Asian Rich List' assesses the total wealth of Britain's top 101 richest Asians and is compiled by UK-based publishing house Asian Media and Market.

India Inc sees private equity-deals worth $1.19 billion in February: Grant Thornton

The total PE-investments in the first two months of this year amounted to USD 2.31 billion through 191 deals, a jump of 23 per cent in value terms over the same period last year.

Baillie Gifford Shin Nippon Annual Results

The share price increased by 39.6%.

Noah Holdings Q4 Earnings Rise

This release contains translations of certain RMB amounts into US$ for convenience.

AXA IM sees inflows double

The inflows brought total assets under management to €669 billion ($988 billion), up 7% on 2014.

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