Managers of Wealth Asia Pacific

Westpac FY24 Result

The impact of overseas elections and geopolitical uncertainty remain difficult to predict and therefore it makes sense to maintain a strong balance sheet.

Organisational changes to improve operational performance

As part of these changes, a group-wide operations function will bring together existing operations functions to create greater alignment and support each division more effectively.

OCBC: First Bank in Singapore With New Intraday Lending

Such transactions can be completed within the day as the exchange of cash and tokenized securities through the blockchain is nearly instantaneous.

SIX and China Construction Bank Corporation Agree on a Joint Collaboration

Both CCB and SIX are interested to jointly explore potential for co-operation and collaborate together.

StanChart Refreshes Global Indian Proposition

The Indian diaspora now has a more ‘global' investment outlook,» commented Rajesh Kannan, managing director, head of global Indian and head of wealth and retail banking UAE, Jersey (UK).

StanChart Offloads India Personal Loan Book

The deal is expected to be completed over the next three months, subject to regulatory and other approvals.

HSBC Reportedly Probes Digital Wealth Unit in China

The review was started after the appointment of global insurance CEO Ed Moncreiffe in April.

Bank of Japan's Regional Report Signals Nationwide Economic Recovery

The report showed that consumption has been improving not only in Tokyo but also in other local economies.

SBI plans to recruit around 10,000 new employees during FY25 for efficiency

The total staff strength of the bank stood at 232,296 as of March 2024, of this, 110,116 officers were on the rolls of the bank at the end of last fiscal

HSBC Premier Enhanced to Focus on Key Needs of Mass Affluent Customers' Lives, Across Wealth, Health, Travel and International

The new features are now available in Hong Kong, with plans to progressively launch some of these new features in Singapore from next week, and in the UK from next month.

ASIC issues DDO stop order against Northern Territory business over concerns of financial harm to First Nations consumers

ASIC is concerned these consumers are at increased risk of financial hardship.

Customers to benefit from NAB collaboration with AWS

The collaboration with AWS is a major investment and is another important step in continuing to embed NAB’s multi-cloud approach.

ZA Bank: First Hong Kong Virtual Lender to Declare Profit

ZA Bank has become Hong Kong’s first virtual lender to report a monthly profit in July

CBA mandates Gresham to sell ultra-high-net-worth advice business

Sources say the advisory firm has begun mailing out marketing materials to prospective buyers.

BNZ implements Open Banking standards ahead of deadline

When Open Banking is fully operational, the standards will enable New Zealanders to safely and securely share their financial information with approved providers.

HDFC Bank taps retail bankers as wealth managers amid talent crunch

Mumbai-based HDFC's wealth business has about 800 relationship managers serving customers in about 100 cities and towns

Bank Credit Growth Hit By Subdued Corporate Demand, Says Citi Research's Kunal Shah

Credit growth in India should range between 13% and 14% in the next couple of years, Shah said.

Siam Commercial Bank rolls out online international trade service

Transactions can be made without the need to submit original documents.

Axis Bank expands wealth management biz rapidly in non-metro cities

Some of the new cities the bank has added include Patna, Raipur, Ghaziabad, Jodhpur, Udaipur, and Meerut.

Citi Runs NextGen Program in Singapore

Citigold Private Client is Citi’s banking unit aimed at high net worth individuals which is one bracket below Citi Private Bank which targets the ultra-wealthy.

Retail Banking