Managers of Wealth Asia Pacific

Stanchart Adds 100 Investment Banking Staff in China

Following the launch plan, Stanchart’s IB unit in China will focus on helping local companies to raise capital through exchange-traded fixed-income issuance.

Maybank Indonesia 1Q pre-tax profit jumps 33%

Asset recovery fees (bank only) also increased by more than seven times to 142 billion rupiah as a result of the Bank’s intensive remedial efforts over the past year.

Japanese bank Nomura's quarterly profit dives 76% as global banking worries hit

Investors grew more cautious about volatile markets as a banking crisis that started with the collapse of Silicon Valley Bank spread to Europe with the sale of Credit Suisse Group AG to its Swiss rival UBS Group AG.

J.P. Morgan Rebrands China Fund Unit

In January, J.P. Morgan won approval from Chinese regulators to take full ownership of CIFM after first applying for the buyout in 2020.

Goldman Sachs to enter transaction banking business in Japan

The service will be based on its cloud platform that was first launched in the United States in 2020, and Japan will be the first country in Asia to start it, the bank said.

Natixis Corporate & Investment Banking Opens Securities Branch in Seoul, South Korea

Through the opening of the Seoul Branch, Natixis CIB will further expand its offering and client base in the market.

Credit Agricole Launches Onshore China Unit

The unit, which began operations on March 10, is called Credit Agricole (Beijing) Advisory Services and will be overseen by Huai Yang as its head.

Fusion Bank Launches Investment Service Offering Global Diversified Assets with Selected Funds

Customers can activate investment service in as fast as five minutes, and start investing in funds in just five simple steps.

China’s rich flee crackdowns for ‘Asia’s Switzerland’ Singapore

Chinese wealth is rushing into the Southeast Asian city-state, prompting unease among some locals.

Credit Suisse Shrinks Investment Banking Unit in Japan

Credit Suisse remains committed to our investment banking & capital markets clients throughout the APAC region, said a spokesperson for the bank.

Hang Seng Bank Celebrates 90 Years of Deep-rooted Connections with Hong Kong

To embrace the community in its anniversary celebrations, the Bank has transformed its Hong Kong Main Branch and Headquarters Building into a party venue.

BofA, Citi Cut Asia Investment Banking Headcount

JPMorgan also cut around 20 mostly mid-leveled investment bankers and Nomura cut 18 Asian banking jobs, the report added, most of which were focused on the China market.

Maybank posts flat profits in 2022

The Malaysian bank’s wealth unit was boosted by investments and loan growth.

Deutsche Bank invests in Australian paytech DataMesh

DataMesh consolidates the payment data cross border and enables Deutsche Bank clients to centrally control their payments across these currency borders and different jurisdictions.

JPMorgan cuts about 30 investment banking jobs in Asia-Pacific

The cuts impact bankers both with a regional and China-focused remit and come as investment banks seek to reduce costs globally, the people said, playing down the impact of ongoing geopolitical tensions and China’s regulatory environment.

Credit Suisse wins Jefferies banker, bonuses hinder First Boston reset

Under CSFB, the investment bank aims to win over bankers by offering a chance to get in at the ground floor of a rebranded firm, which promises to be leaner and less regulated than US peers like JPMorgan or European rivals like Deutsche Bank.

DBS full-year net profit rises 20% to record SGD 8.19 billion

Fourth-quarter earnings up 69% to SGD 2.34 billion, return on equity increases to 17.2%, both new highs

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.