Managers of Wealth Asia Pacific

Top Chinese Investment Bank Joins SGX Securities Market

CICC's membership follows a memorandum of understanding it signed with SGX in July 2020 to bridge Singapore and China's financial markets.

Velotrade selected by MUFG Bank as partner for enhancement of digital trade services

As a leading global bank with deep roots in Asia, MUFG's transaction banking business has grown from strength-to-strength, with trade finance assets growing by 33% from 2017 to 2020 1H in East Asia.

UBS opens office in Hyderabad

Headcount in India has jumped 130% in two years

US investment bank Jefferies chooses KB over Mirae Asset

In addition, they plan to host various events for their clients, such as conferences overseas and non-deal roadshows.

Deutsche Bank hikes Asia profitability targets by half - exec

Deutsche Bank, like most other banks, was forced to supply liquidity to corporate customers ailing from the pandemic, some of which eventually went bust.

Saxo Bank 2021 Outrageous Predictions: The Future is Now

With a shared ledger structure, any content alterations would immediately be visible to everyone, and every news item is always traceable to its original source, suppressing misinformation that other sources can’t verify.

Goldman Sachs joins the heated race for CJ Olive Young’s pre-IPO placement

Goldman Sachs PIA has appointed state lender Korea Development Bank’s merger and acquisition team and Nomura Securities to design its bid, according to industry sources on Sunday.

Korean banks downsizing workforce

Shinhan Bank, one of the nation's biggest commercial lenders along with KB Kookmin Bank, plans to hire 250 new employees in the latter half of the year, down from 380 in 2019.

HSBC Singapore Grows Coverage for Non-Bank FIs

In the announcement, HSBC noted that Singapore is now a top-three offshore wealth booking center globally, managing $1.1 trillion personal wealth, and is becoming a global fund gateway for institutional wealth in Asia Pacific.

Savings banks' 9-month profit grows on interest income

The average capital adequacy ratio of the savings banks reached 14.61 percent at the end of September, down 0.22 percentage point from nine months earlier.

Bank of Korea criticizes Financial Services Commission's plan to 'steal authority'

The revision is centered on extending comprehensive authority to the FSC in giving licenses, demanding documents and supervising payment settlement work with the rise of the fintech industry.

Goldman expects an 18% return for Asia-Pacific stocks in 2021 — here are the bank’s investment ideas

In a report published last Wednesday, Moe and other Goldman analysts outlined some investment ideas for Asia-Pacific stocks in 2021.

Deal of the year, Asia: CTBC Bank

Energy Risk Asia Awards 2020: Taiwanese bank boosts burgeoning domestic offshore wind market with record project-financing deal

Macquarie Group announces $A985 million half year profit

Markets-facing activities, which are undertaken by Macquarie Capital and most businesses in CGM, delivered a combined net profit contribution of $A672 million, down 42 per cent on 1H20 and down 22 per cent on 2H20.

Third-quarter net profit up 4% on quarter to SGD 1.30 billion; fee income rises 17% to pre-Covid levels

Nine-month total allowances quadruple on year to SGD 2.49 billion, including general allowances of SGD 1.50 billion

Citi expands fixed income offering for wholesale

The launch comes on the back of record-fixed income transactions in September at Citi.

JPMorgan takes 71% in China securities business

The stake was put up for sale by state-owned Shanghai Waigaoqiao FTZ, a filing on the Shanghai United Assets and Equity Exchange in September showed.

ICICI Bank Q2 takeaways: Record profit, prudent provisioning & more

The numbers were also boosted by the bank's treasury income, which jumped on Rs 305 crore worth stake sale by the bank in ICICI Securities during the quarter.

ANZ Full Year 2020 Result Transcript: Chief Financial Officer Michelle Jablko Speaking Notes

Shayne spoke about what we’ve done this year to support customers, to protect our balance sheet, and to prepare for the future. All of this shows up in our result, so let me take you through that now.

DBS named Asia's Safest Bank for 12th consecutive year

Ranked 14th safest globally, and fourth-safest commercial bank worldwide, unchanged from 2019 and 2018