Managers of Wealth Asia Pacific

SMFG and Atrae Reach Basic Agreement to Establish a Joint Venture

Atrae’s vision is to create a company that attracts people all over the world.

Strong Singapore dollar sees central bank incur record S$30.8 billion net loss

“They do not affect the external purchasing power of the OFR. Thus, they do not affect MAS’ ability to conduct monetary policy or support financial stability,”

New players can enter South Korea’s banking sector for first time in 30 years

Daegu Bank, a regional banking unit of DGB Financial Group, may become the first firm to take advantage of the expanded rule, with an intention to transform into a nationwide bank, according to the statement.

A newly merged Indian bank is set to become bigger than HSBC and Citigroup

Merging HDFC Bank and mortgage lender HDFC will create a $172 billion entity

Changes of Executive Officers

Mizuho Financial Group, Inc. hereby announces changes of Executive Officers of the following entities within the Group

Mizuho Bank receives Best Asian International Cash Management Bank in Asia Pacific award from The Asian Banker

The Asian Banker is a media company specializing in finance in Asia.

Commonwealth Bank outage leaves customers unable to access money, use CommBank online

Others received error messages when trying to use the NetBank online banking service and the CommBank mobile app.

NAB progresses closure of custody arm

The group confirmed clients who choose to move over are expected to begin transitioning in the next 12-18 months.

Japan Eyes China Banking Risks

Currently, the FSA is just seeking insights and information without giving any specific directions for actions that banks need to take. The regulator’s request to look into China-related geopolitical risks was made in May, the report added.

JPMorgan's Commercial Bank Enters Singapore

That’s one of the reasons we’re so excited about continuing to build out our innovation economy business in markets

Bank of China to start operations in Riyadh this year, says official

The development comes on the heels of the 10th Arab-China Business Conference that concluded in Riyadh on Monday.

Asia’s biggest Islamic lender Maybank to boost GCC lending and focus on the wealthy

Malaysia-based bank expects its financing book and assets under management in the region to account for 5% of its balance sheet by 2030, chief executive says

Kotak Bank introduces Réserve, an exclusive account tailored for high-net-worth individuals

These additions further enhance the bespoke services provided by Kotak Private Banking to its esteemed clientele.

SNB is expanding capacities at the Singapore location

Since October 2022, it has been led by Carolin Reiss , who has succeeded Marco Huwiler , who is back in Switzerland.

South African neobank Tyme Group set to expand to Vietnam

It also launched a fully digital bank called GoTyme Bank in the Philippines in 2022, in association with local company Gokongwei.

ZA Bank to launch virtual asset trading services for retail investors under new licensing regime

ZA Bank’s plan was formulated in response to the growing demand for virtual assets in the city.

BofA Plans to Shift 40 Bankers in Asia

The plans to attempt transferring staff are part of efforts to avoid headcount reduction.

Mizuho recognized as Best trade finance bank in Asia by Global Trade Review

GTR is one of the major magazines for the trade finance industry, and is read by financial institutions, regulators, traders, and manufacturers in over 90 countries.

ACE Money Transfer and Bank Al Habib Join Forces to Stimulate Remittance Inflows to Pakistan

Despite a notable increase in inflows reaching $2.5 billion by March 2023, the overall downward trajectory has sparked considerable apprehension regarding Pakistan's economy.

US Banks Reportedly Scaling Down China Plans

JPMorgan, Citi, Bank of America and Morgan Stanley have a combined exposure of $48 billion to China in 2022

Retail Banking