Managers of Wealth Asia Pacific

HSBC cuts off 200 jobs in Pune, Bangalore

HSBC Bank group CEO John Flint has stepped down on August 5, 2019, after serving for only 18 months.

Bank of Singapore: Greater China Assets Nearly Tripled

Whichever private bank can embed lifestyle into banking will capture the bigger share of client wallet.

S. Korean Investment Banking Industry Embroiled in DLS Controversy

While filing a complaint with the financial authorities, they are also planning to take legal action against securities companies and asset management firms that have designed the fund products.

In the eyes of many, HSBC is no longer so special to Hong Kong

Departure of CEO John Flint after just 18 months in the job is but one indication that the lender has lost its status as city’s favoured son

Bank of Japan watchers see more stimulus in September

Citigroup Inc economists see more stimulus at the meeting if the yen keeps gaining.

As Hong Kong lenders trim staff, prospects tighten for some expat bankers unless they change roles, take a pay cut

Banks in Hong Kong are increasingly focused on local hires with language skills, according to headhunters

Deutsche Bank Reorganizes Asian Investment Bank After Cuts

The new set-up of Deutsche Bank’s Asian investment bank is part of a sweeping restructuring unveiled by Chief Executive Officer Christian Sewing one month ago that includes 18,000 job cuts by the end of 2022 and will decrease the lender’s reli

Mirae Asset enjoys earnings surprise in Q2

Mirae Asset recorded over 200 billion won in net profit in six quarters since the first quarter of 2018.

BOJ policy makers divided on easing

The BOJ must communicate more clearly its resolve to take additional monetary easing steps without hesitation if the momentum to achieve its price target is under threat

Standard Chartered, Hang Seng Bank close branches as citywide strike, protests wreak chaos in Hong Kong

Standard Chartered, one of the three banks that issue currency in Hong Kong, closed several branches in the afternoon, China Citic Bank International closed five out of its 30 branches, and Citibank closed two branches an hour earlier than usual.

MUFG concludes First State Investments purchase in $2.7bn deal

Mitsubishi UFJ Trust and Banking president and CEO Mikio Ikegaya said: “We are committed to supporting FSI’s strategy of delivering high-quality investment capabilities and establishing and maintaining strong client relationships.

CIMB shuts HK investment banking operations

The bank was reported to have let go of 10 investment bankers based in Hong Kong due to strong competition, leaving only one to oversee the transition, capital markets publication IFR reported.

Australia's Macquarie to disband asset finance unit, bank's one-time profit-driver

The quarterly contribution to full year profit from its corporate asset finance, asset management, and banking services units were down from the first quarter last year, she said.

Macquarie annuities, asset management down

Macquarie AM closed the quarter with $552.7 billion in AUM, up 2% from the previous quarter. Its banking and financial service business saw total deposits down 1% at $53.1 billion - its funds on platform grew by 3% to $88.8 billion.

‘Richer’ Filipinos give Citibank PHL 2nd rank in Southeast Asia growth

The Philippines is only topped by Citibank Thailand

More Asia interest-rate cuts on the way, says Morgan Stanley

In Thailand and South Korea, one rate cut each is forecast from now through 2020, while China and Taiwan are unlikely to adjust policy rates, she said.

Standard Chartered becomes 1st foreign bank licensed at GIFT IFSC

Standard Chartered will become the first foreign bank to launch operations at the International Financial Services Centre located in GIFT City.

Singapore banking: Inside UOB’s new era

It comes up constantly during our 75-minute interview in an airy meeting room in the bank’s Raffles Place head office, just around a corner from a bronze bust of his grandfather.

Citi Added 30 ASEAN Bankers in Last 12 Months

In addition to Vietnam and Thailand, bankers were also hired for Indonesia and Malaysia markets.

AIIB puts emphasis on international cooperation at annual meeting

There was also a series of announcements on support for new projects.