Managers of Wealth Asia Pacific

NAB Announces Closure of Hong Kong Office

This decision is expected to affect approximately 50 positions in Hong Kong.

Metrobank hailed anew as best domestic bank

This is the second time Metrobank was bestowed this award by the international finance magazine, first was during the height of the pandemic in 2021.

ANZ declares victory in turnaround of its institutional bank

Clients of ANZ’s payments and cash management division include Amazon, BHP, Toyota, American Express, Temasek, Lend Lease and Visy Industries.

UOB’s Citi acquisition to help it grow in Asean

The acquisition of Citi’s consumer franchises in Malaysia and Thailand was completed in November 2022, followed by Vietnam in March this year.

Alliance Bank Malaysia to launch digital wealth platform with 24/7 client portfolio access

The digital wealth platform forms part of the Malaysian bank’s efforts to transform its wealth management services by providing digital wealth-investment advice and enhancing its technical and business capabilities.

DBS completes acquisition of Citi’s consumer banking business in Taiwan

Transaction accelerates DBS Taiwan’s consumer business growth by at least 10 years

CBA delivers improved financial outcomes through continued focus on customers

The result demonstrates continued focus on supporting customers, investing in communities, and providing strength and stability for the broader economy.

Tech slump forces big four banks to slash VC outfits

Westpac will not proceed with a fourth venture fund, after the bank and the Reinventure team were unable to agree on terms

Singapore banks look to wealth segment, interest margins growth after strong Q2 results

The three banks all warned of slowing economic growth.

UBS Jettisoning Credit Suisse's Asia Lending Business

These riskier assets would be placed into a «non-core unit,» in which businesses are bundled, which UBS wants to separate.

Foreign bank lending to Australian offices hits record as local banks retreat

Loans from Australia's biggest banks fell A$2.3 billion to A$83 billion over the same period, similar to levels in late 2021, the data showed.

UOB: Higher Interest Income Drives Profit Growth

Total income grew 31 percent to S$3.5 billion with net interest income also increasing 31 percent to S$2.4 billion, driven by a 45 basis point expansion in net interest margin.

Bank of Korea tweaks lending facility to boost liquidity

For non-bank financial institutions, which are not eligible for the facility under the Bank of Korea Act, the central bank said it would make swift decisions to provide liquidity support in case of any trouble.

ADB maintains growth forecast for Asia and the Pacific

The inflation outlook for 2024, meanwhile, is raised to 3.4 per cent from an earlier estimate of 3.3 per cent.

HSBC pledges India wealth commitment over Michelin star meal

HSBC’s efforts to convince prospective Indian clients that its wealth management services in the country will not make a retreat again is a linchpin for its ambitious plans there.

SMFG and Atrae Reach Basic Agreement to Establish a Joint Venture

Atrae’s vision is to create a company that attracts people all over the world.

Strong Singapore dollar sees central bank incur record S$30.8 billion net loss

“They do not affect the external purchasing power of the OFR. Thus, they do not affect MAS’ ability to conduct monetary policy or support financial stability,”

New players can enter South Korea’s banking sector for first time in 30 years

Daegu Bank, a regional banking unit of DGB Financial Group, may become the first firm to take advantage of the expanded rule, with an intention to transform into a nationwide bank, according to the statement.

A newly merged Indian bank is set to become bigger than HSBC and Citigroup

Merging HDFC Bank and mortgage lender HDFC will create a $172 billion entity

Changes of Executive Officers

Mizuho Financial Group, Inc. hereby announces changes of Executive Officers of the following entities within the Group

Retail Banking