Managers of Wealth Asia Pacific

CBA and Microsoft deepens Gen AI partnership

Generative AI and cyber security initiatives to deliver more for customers.

Succession intrigue over next NAB business bank boss

The race to be what is effectively NAB’s 2IC is no less intriguing than the contest to become the chief executive.

Hang Seng Bank expands Wealth Connect offerings

The bank added it saw accounts opened by mainland investors, as the scheme increased threefold last year compared to the previous year.

UOB Annual Report

The final dividend is subject to shareholders’ approval at the forthcoming Annual General Meeting scheduled for 18 April 2024.

HSBC, StanChart to Unveil China Property Drag

A key area of risk that will be scrutinized is the impact from China’s property sector.

OCBC Helps Junior Workers Cope With Inflation

This also covers OCBC subsidiaries including Bank of Singapore, OCBC Securities and Great Eastern Holdings.

DBS obtains licence to underwrite non-financial corporate bonds in China

Panda bonds refer to yuan-denominated debt issued in China’s onshore market by non-Chinese companies, governments and organisations.

DBS full-year net profit rises 26% to record SGD 10.3 billion, return on equity rises to 18.0%

Board proposes final dividend of 54 cents per share and 1-for-10 bonus issue

Chairman Emeritus and Honorary Adviser Dr Wee Cho Yaw passes away at age 95

UOB grew from a one-branch bank to a regional bank in 19 countries and territories.

OCBC Expands Indonesian Market Presence with Strategic Acquisition

The integration of PTBC into OCBC Indonesia is expected to finalize in the second or third quarter of 2024.

Citibank and AIA Hong Kong Celebrate a Decade of Bancassurance Partnership

The landmark exclusive strategic bancassurance partnership between Citibank and AIA commenced in 2014, where Citibank’s customers can purchase from AIA Hong Kong’s diversified portfolio of protection products via Citibank.

TymeBank targets Vietnam for expansion efforts

Tyme Group has reported that it now serves a total of 10.8 million customers globally across its two markets; 8.5 million in South Africa and the remainder in the Philippines.

NAB moves focus to young savers, insists deposit market is competitive

After a year-long review, the ACCC found late last year that banks had employed opaque pricing mechanisms which were hurting depositors and limiting competition.

HDFC Reportedly Seeks Singapore Banking License

The bank is planning to target the Indian diaspora through various offerings including savings, term deposits, mortgages and more.

BEA Officially Opens New Shenzhen Tower

This launch is part of a broader strategic push into the Greater Bay Area – an 11-city cluster in southern China.

BEA Becomes First Bank Headquartered in Hong Kong to Join Net-Zero Banking Alliance

It recognises the vital role of banks in supporting the global transition of the real economy to net zero emissions, encompassing both operational and attributable emissions.

Islami Bank achieves Strongest Islamic Retail Banking Award

Cambridge IFA confers this award to Islamic Retail Banks and financial institutions in the USA, Asia and Africa on the basis of global ranking.

Deutsche Bank Doubles Capital in Indonesia

The new capital injection will support the bank’s growth in the country and allow it to undertake more activity for clients.

Metrobank Gets Back-to-Back Bank of the Year Award from The Banker

This year, Metrobank has been receiving accolades from acclaimed international award-giving bodies and Philippine government agencies.

Siam Commercial Bank : SCB Wealth Holistic Experts

SCB WEALTH has revealed robust investment asset growth, surpassing industry benchmarks with a 7% yoy growth amid a challenging economic landscape.