Managers of Wealth Asia Pacific

Hong Leong Bank Chair Mulls Minority Stake Sale

Quek, 80, is Malaysia’s second richest man after property tycoon Robert Kuok with an estimated net worth of $10 billion, according to Forbes magazine this year.

The Philippines’ Tyme Bank wins central bank nod on digital banking licence

The central bank issued the first digital licence to Tonik Digital Bank, a unit of Singapore’s Tonik Financial Pte Ltd, in June 2021.

OCBC Group First Half 2022 Net Profit Rose 7% to New High of S$2.84 billion

Group net profit of S$2.84 billion increased 7% from a year ago, largely driven by higher net interest income and lower allowances.

Citi Completes Sale of Philippines Consumer Business to Unionbank of the Philippines

The agreement covers related Citi staff, with approximately 1,540 consumer bank and supporting employees transferring to UnionBank.

Westpac completes sale of life insurance business to TAL

Westpac will receive ongoing payments under an exclusive 20-year strategic alliance for the provision of life insurance products to Westpac’s Australian customers.

The Asian Banker awards: Best International Trade Finance Bank in Asia Pacific and more

Atul Jain named Transaction Finance Person of the Year

UOB Group: Net profit for first half of 2022 stable at above S$2 billion

Second quarter net profit up 11% year on year driven by margin expansion

StanChart Posts Record Onshore Income in China

Overall, the China business registered a pre-tax profit of $242 million in the first half, down 23.4 percent from $315 million in the same period a year ago.

CommBank adds carbon footprint tracker to app

The technology, developed in partnership with sustainability Fintech startup Cogo, will allow the bank’s retail customers to view their monthly carbon footprint with a comparison to the national average.

Japan’s biggest lender seeks bankers for the rich in wealth push

The Japanese bank’s push deeper into wealth management is a sign competition is heating up in a market that’s already fiercely contested.

Bank of Japan board reshuffle brings in less dovish member

The reshuffle precedes a change in the BOJ leadership when Kuroda's second, five-year term ends in April next year.

Meet the partners: More and CBA mark one year together

Chief Operating Officer of local telco provider More, Richard Branson, discusses the strategic partnership with CBA, what it means for the Bank’s customers, and what’s next.

China yield curve is steepest in two years as liquidity swells

The securities have also rallied after a report last week showed gross domestic product slowed to 0.4% last quarter, far below the nation’s 5.5% annual growth target.

Maybank secures AA rating by MSCI ESG Ratings

The PBoC responded this week by adding liquidity into the financial system for the first time since June through raising the size of its daily short-term cash injection to 12bn yuan ($1.8bn) on Monday from 3bn yuan.

BSP approves UnionBank's acquisition of Citi's local retail business

The deal also means UnionBank would absorb approximately 1,750 local employees of Citi, including those in senior management roles.

Reserve Bank of Australia sees more rate rises, welcomes government review

The RBA has already raised rates for three months in a row and markets are wagering on further hikes to near 3.5 per cent by the end of the year.

ANZ confirms discussions with KKR

ANZ and KKR are yet to reach agreement in relation to the acquisition and there is no certainty it will proceed.

KBank aims to boost access for unbanked

Challenger banks have been a disruptive phenomenon in many countries, 'challenging' legacy banks by using new technology to make banking products more accessible.

SCB X Weighs Options for $1.5 Billion Asset Management Unit

Shares in SCB X rose for the first time in six days on Monday, gaining as much as 3.3% in their biggest advance in more than a month.

MUFG to Sell Remaining Stake in Hong Kong Lender

Japan’s largest bank first cut its stake in the Hong Kong lender in 2019 and said at the time that it would continue to review its existing investments.

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