Managers of Wealth Asia Pacific

Goldman eyes local banking licence to grow ultrarich lending business

The Wall Street investment banking giant’s local private wealth team currently includes some 13 advisers in Sydney and Melbourne.

Westpac enables open banking for brokers

The partnership will see Westpac integrate open banking data through NextGen’s loan lodgement platform ApplyOnline.

Regional banks dying a slow death

The country’s smaller banks have a bleak future due to higher cost of funds, excessive capital requirements, costly technology upgrades and lack of scale. But will regulators do anything about it?

HSBC Kicks Off Major Summit in Hong Kong

The summit is held days after the bank’s flagship sports event «HSBC Hong Kong Rugby Sevens» which lasted from April 5 to 7.

DeFi Meets TradFi: Hong Kong's ZA Bank Targets Stablecoin Issuers

The bank has facilitated transfers exceeding $1 billion from over 100 Web 3 clients.

Brunei Darussalam Central Bank and Bank of the Lao PDR Formally Join the Regional Payment Connectivity Initiative

The inclusion of BDCB and BOL bring the RPC group to a total of eight ASEAN central banks.

HDBank announces financial statements with profit of $524 million, ROE 24.2%, releases 2024 ESG report

In 2023 the bank pioneered upgrading to Basel III international governance standards and embracing an environmental, social and governance (ESG) strategy.

Australian banks risk alienating regional communities amid branch network cuts

The lenders defended the branch closures as a response to a changing customer base that relies more on digital services than physical banking.

Metrobank named top lender for PH ultra-rich

The Banker recognized Metrobank as the Philippines’ Bank of the Year for 2022 and 2023.

Ty-blings’ Metrobank retains crown as Best Private Bank for ultra rich Pinoys

The Banker recognized Metrobank’s excellence with “Bank of the Year” in the Philippines for both 2022 and 2023.

Philippines' Metrobank partners with CBTW to transform its wealth management technology

Metrobank and CBTW are implementing Temenos Wealth to improve Metrobank's operational efficiency, elevate the customer experience, and accelerate business growth.

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.

Retail Banking