Managers of Wealth Asia Pacific

HSBC reports $2bn outflow from Asia in fourth quarter

The bank announced a range of cost-cutting measures, looking to reduce expenses by $300m this year and $1.5bn a year from 2026

Private Vietnamese lender DongA Bank renamed Vikki Bank

The new name of the bank is "Vikki Digital One Member Bank" (Vikki Bank).

Citi wins commercial card mandate for Australia's NSW govt

Citi has been appointed as the provider of commercial cards for the New South Wales Government (NSW)

Korea's 4 major banks to close more offline branches by March

But Hana Bank plans to increase the number of its outlets from 597 to 602 during the same period.

ANZ Institutional: Best Bank in Asia for relationships eight years in a row

Previously, this award was known as the ‘Greenwich Quality Leader in Asian Large Corporate Banking’.

HSBC's global brand in the balance as it doubles down on Asia bet

Just a few weeks later, the lender would reveal plans to wind down its mergers and acquisitions and equity capital businesses in Europe and the Americas, capitulating to Wall Street rivals who have dominated the scene in recent years.

No. of bank branches falls for 6th straight year in 2024: data

Banks have opted to shut down branches as part of cost-cutting measures, as more customers prefer mobile and internet banking.

Nuvei seals deal to acquire Paywiser Japan Limited, launches direct acquiring capabilities in Japan

The completed acquisition of Paywiser Japan Limited includes an acquiring licence granted by the Japanese Ministry of Economy, Trade and Industry (METI).

HSBC Malaysia opens flagship wealth centre at TRX to serve high-net-worth clients

Given these factors, the timing is right for HSBC to launch its flagship wealth centre in Malaysia.

DBS Foundation Allocates Over IDR 100 Billion to Enhance Social Impact in Indonesia by 2028

This initiative reflects DBS Group’s SGD 1 billion commitment announced in 2023 to support vulnerable communities over the next decade.

PagoNxt launches real-time payments to China

This flexibility caters to the diverse needs of businesses looking to expand their cross-border payment capabilities, across sizes and industries.

Maybank Unveils Money Lock for Enhanced Banking Security

This extra layer of protection allows customers to enjoy the benefits of online banking without compromising their financial peace of mind.

Yibin City Commercial Bank seeks up to $240 mln in Hong Kong IPO

The company will offer 688.4 mln H shares as part of its global offering, at an offer price of HK$2.72 per share

OCBC Bank (Hong Kong) Limited’s Sale of the Entire 33.33% Stake in Hong Kong Life Insurance Limited

The completion of the transaction will be conditional upon customary closing conditions including but not limited to regulatory approvals.

MUFG Bank, Ltd. announces Regarding reorganization of overseas securities entities within MUFG

The reorganization is scheduled for July 1, 2025, subject to the completion of necessary procedures, including approvals from the relevant regulatory authorities in Japan and abroad.

Westpac New Zealand admits to customer overcharges

The FMA acknowledges Westpac’s full cooperation throughout the FMA’s investigation, and the work it undertook to remedy the issues.

UOB and OCBC junior staff to receive one-off payments to cope with cost of living

This plan is expected to cost the bank up to $8 million, UOB said in a statement on Dec 23.

A Wave of New Banking Leadership in Asia

This was the result of mergers, restructuring, succession or simply the day-to-day fast-paced changes that are commonplace in the region.

GoTyme Bank reaches 5 million users in 2024

The bank is aiming to reach 9 million customers by end-2025.

Citi Establishes Securities Lending Collaboration

The collaboration will take advantage of the large ASEAN client base of Maybank Securities as well as Citi’s securities lending platform

Retail Banking