Managers of Wealth Asia Pacific

JPMorgan close to being first foreigner to get majority in China fund venture

The open bidding process begins on May 8, and will continue until June 4.

Australia's Macquarie downsizes in the Gulf: sources

In the UAE, the Australian bank is downsizing its operations in Abu Dhabi, sources familiar with the matter told Reuters.

Westpac share price drops on disappointing 2019 half year profit

The bank predicted a challenging second half amid softening house prices and slowing credit growth, but said restoring customer trust remains a priority.

StanChart hails turnaround progress with US$1b buyback plan

Bank's pre-tax profit grows to US$1.38 billion in the January-March period from US$1.26 billion a year ago

RHB to be ‘pragmatic’ in facing challenging investment banking scene overseas

He said the investment banking businesses in Indonesia and Thailand have room to expand via organic growth while in Singapore

Bank of Japan vows to hold rates at zero until spring 2020

Central bank’s forward guidance suggests inflation target remains a long way off

SBP reserves dip 2.4% to stand at $9bn

Overall, liquid foreign currency reserves, held by the country, including net reserves held by banks other than the SBP, stood at $15,994.3 million.

Banking on renewable energy - and the future

Singapore banks OCBC and DBS's new coal ban is an Asian game changer, and one that sends out all the right signals

Singapore’s OCBC seeks partner for China securities business JV

Southeast Asia’s second-biggest bank by assets is talking to various firms that have shown an interest in such a partnership, he said.

Veteran Investor With Family Pedigree Slams BOJ's ETF Buying

“The BOJ indirectly becomes a shareholder of Japan Inc. as part of its policy,” Shibusawa said in an interview in Tokyo on April 11.

UOB to double down on Asean-China flows as trade tensions rise

The bank will focus on key priorities of regional connectivity, ecosystem partnerships, and strong balance sheet and quality earnings, he said.

Japan's bankers unhappy about their bonuses despite higher payouts

Carlos Ghosn fiasco adds to country's image as stingy employers

Macquarie Investment Management to acquire $12 bln in assets from Foresters

The acquired assets will become part of the Delaware Funds® by Macquarie family of funds.

MUFG looks to acquire more asset managers

MUFG has been the most aggressive Japanese lender in snapping up overseas assets, as it diversifies business and expands in markets such as Southeast Asia to counter rock-bottom interest rates at home.

South Korean Banks Expanding Global IB Business

It is planning to examine coking coal development, power plant construction and smelting factory construction projects, too.

Japan's Nomura axing jobs and bank branches to cut costs by $1 billion

The target of cutting $1 billion in costs will be achieved over the “medium term”

MUFG announces 2 of its subsidiaries will merge

With MUMSS and MUFG Bank serving as its shareholders PB Securities has provided asset management and other services to high-net-worth customers in Japan by leveraging MUFG's solid customer base

Chinese economic growth may have bottomed out, UBS says

UBS forecasts that Chinese economy would expand 6.1 percent in 2019 as China's monetary policy easing and fiscal stimulus measures offer an improved macro outlook for the second quarter of 2019.

Bank of China’s Hong Kong unit unveils first Greater Bay Area bond fund

The fund is denominated in RMB, Hong Kong dollar and Macau pataca, and is open for public subscription until April 8.

HSBC downgrades stocks in Singapore and Hong Kong

HSBC said it lowered its stance on Singapore stocks to "neutral" from "overweight," and downgraded Hong Kong equities from "neutral" to "underweight."

Investment Bank