Managers of Wealth Asia Pacific

Macquarie Group 3Q 2023 Trading Update

The annuity-style businesses’ combined 3Q23 net profit contribution was substantially down on 3Q22.

Citi beat US rivals amid Asia investment banking pain

The division includes its treasury and cash management businesses, as well as traditional investment banking.

DBS remains Singapore’s most valuable brand

Brand Finance’s research showed that stronger revenues were main reasons for brand value growth of all three brands.

Westpac customers say they’re struggling to cope after banking blunder

Here’s how the glitch is hitting some customers.

MUFG Eyes More Asia Deals

Like other Japanese lenders, MUFG has been eager to expand abroad due to declining opportunities in its home market, which has a rapidly aging population and low-interest rates.

Morgan Stanley to slash 2022 banker bonuses in Asia by up to half - sources

The reduced payouts could lead to its bankers' overall compensation in Asia dropping by an average of 30%, said the first two sources.

Banks in Singapore expand wealth, tech jobs even as Wall Street layoffs gather steam

Hiring may have slowed for 2022, as is typical for most year-ends, but recruiters said they have received mandates for the next year that include salary packages between 20 and 40 per cent above the norm, as employers jostle for talent.

Maybank's Leow to increase capital-protected range

With concerns the market could yet have another leg down, Maybank's head of unit trusts Colin Leow is looking to up the number of alternative and capital-protected products it offers to clients.

Kenanga Investment Bank to build wealth super app with Antchain technology

“The SuperApp will integrate a spectrum of financial and wealth offerings under one easy to access ecosystem, transforming how Malaysians view and approach wealth creation,”

ANZ removes wealth management risk from bank

The bank would pay a final dividend of 74 cents per share.

Goldman Sachs' Asian business has slumped to a three-year low

The slump in Goldman’s performance explains why the bank has moved first to cut jobs in the region, with 30 staff in its China investment banking division leaving as part of a redundancy program.

Bank of Japan to conduct emergency bond buying as yen teeters near 150

Thursday’s move showed the BOJ was continuing to buy bonds and keeping the YCC policy in place.

SoftBank’s Vision Fund to layoff 30% of staff

The company has backed a host of fintechs including Klarna, Revolut and Zopa.

House of the year, Malaysia: CIMB

Asia Risk Awards 2022

Hong Kong Elites Gather at Funeral of Ex-HSBC Banker

Top figures from various sectors were present, including finance, such as Financial Secretary Paul Chan, HSBC’s current APAC co-chief David Liao and Hui Xian Asset Management chairman Kam Hing-lam.

Citi, JPMorgan, BofA Vow to Comply With US Over Taiwan

Topics covered include inflation, fossil fuel financing, and social issues, among others.

Goldman Sachs Unloads 30 Bankers in Asia

Every year globally we conduct a strategic assessment of our resources and calibrate headcount to the current operating environment

Hong Kong Summit Clinches StanChart CEO Attendance

Uncertainty looms for Hong Kong’s travel curbs as the city is reportedly seeking to loosen rules in time for the summit.

HSBC launches new investment product

“economies that are growing rapidly such as that of the Philippines, tend to accumulate wealth faster and this is why the number of Filipino multi-millionaires is expected to more than double by 2030.”

Deutsche Bank to open representative office in Bangladesh

The representative office will focus on supporting multinational corporate clients, predominantly exporters to Bangladesh.