Managers of Wealth Asia Pacific

Bank Rakyat Indonesia Announces Invoice Financing Tie-Up

BRI uses AI and alternative credit checking methods, and can independently analyze funding risks for each potential loan case based on data provided by Investree.

Citi's investment arm to hire 2,500 coders

JP Morgan is on track to spend $11bn on technology this year, while Bank of America has said it spends about $10bn on tech.

New Mizuho investment fund targets life sciences startups

It will invest between ¥300 million and ¥500 million for up to 12 years per company in cooperation with medical consultants who have knowledge on life science, according to Mizuho Financial Group.

Japan predicted to dominate inbound M&A

Top investment bankers at JP Morgan and Deutsche Bank say Japanese raiders will continue to target Australia in 2020 as they look internationally for revenue growth.

Citibank Taiwan wins ‘Asset’ magazine awards

The outstanding performance of Citi Taiwan is not only in banking, but also in corporate social responsibility, the bank said.

Japan's MUFG Bank to book $1.9 billion hit after Indonesian unit's stock plunge

MUFG does not disclose the price level where it would be required to book an extraordinary charge.

Nomura Sees Hope in Advisory, Underwriting as Rates Stay Low, Society Ages: Outgoing CEO

The headwinds from the "megatrends" will stay for another decade, Nagai said, indicating Nomura needs to focus on its primary business that include underwriting and deal advising.

UOB Partners to Boost Kids Development Programme

There will be online activities and on-ground activities and game booths at roadshows during school holidays, the statement said.

China planning 'aircraft-carrier-size' investment banks

Taken together, China's 131 brokers have assets that are equal to what Goldman Sachs sits on by itself.

S. Korea formally launches open banking service

The banks completely open their payment system to fintech firms as well, further enhancing convenience and lowering the cost of financial transactions for their customers.

Standard Chartered Bank pulls out of three coal projects in Southeast Asia

The Asia-focused bank has announced a new climate policy that renews its commitment to stop financing the fossil fuel, which is the single biggest driver of man-made greenhouse gas emissions.

Bangkok Bank’s bid for Permata reflects Thailand’s overseas M&A ambition

Japan’s Sumitomo Mitsui Financial Group Inc. had also shown interest in buying out the existing owners

Of risks and opportunities

Citigroup CEO Mike Corbat visits PH, expounds on the global economy and rise of fintech

Australia/NZ best houses favour ESG financing solutions

The winning houses in our 2019 Australia and New Zealand Achievement Awards are honoured for their clever deal structuring and commitment to ESG financing solutions.

HSBC Global AM cautious of A-share volatility

While the China A-share market is up nearly 30% this year, the market also fell 30% last year.

Japan Banks to Join JPM Blockchain Initative to Boost AML Measures

Japanese banks are said to be seeking to use the INN to bolster AML measures because it makes screening of cash recipients faster and more efficient, JP Morgan executive director Daizaburo Sanai told Bloomberg in an interview.

Malaysia’s RHB exits Hong Kong

The bank’s Hong Kong operations, which include brokerage, asset and wealth management services, recorded losses in the last few years.

Nomura to Acquire Greentech Capital Advisors

Greentech operates with a commitment to provide unmatched insights and connectivity amongst innovators, incumbents, and investors.

Maybank Kim Eng lays off 5% of its Singapore workforce

It says it 'cannot ignore' the global market forces that forced staff-strength review

HSBC’s CEO Search Ending Where It Began as Signs Point to Quinn

In a sweeping overhaul of the executive ranks this week, the 57-year-old Quinn replaced the top investment banker, chief operating officer and chief risk officer.

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