Managers of Wealth Asia Pacific

Siam Commercial Bank rolls out online international trade service

Transactions can be made without the need to submit original documents.

Axis Bank expands wealth management biz rapidly in non-metro cities

Some of the new cities the bank has added include Patna, Raipur, Ghaziabad, Jodhpur, Udaipur, and Meerut.

Citi Runs NextGen Program in Singapore

Citigold Private Client is Citi’s banking unit aimed at high net worth individuals which is one bracket below Citi Private Bank which targets the ultra-wealthy.

Amundi Asia Funds – All Weather Income Fund, Advised by DBS Bank Ltd. and Managed by Amundi, Now Available to Hong Kong Retail Investors

In the face of ratcheting geopolitical tensions and economic uncertainties in the year ahead

OCBC Group First Half 2024 Net Profit Up 9% to a Record S$3.93 billion

Interim dividend raised 10% to 44 cents, from 40 cents a year ago

UOB refreshes its management team, charting its next stage of growth enabled by technology and innovation

Ms Susan Hwee is a banking industry veteran with an extensive track record and more than 35 years of experience in technology and banking.

DBS and Deloitte launch Sustainability Accelerator Tool to help Singapore SMEs identify and address sector-specific decarbonisation gaps

Tool provides industry-specific recommendations to help companies better understand their sustainability readiness, with actionable insights to green operations

Westpac makes mobile credit cards dynamic for corporate customers

Westpac’s Dynamic Virtual Card can be used online as well as in-store via digital wallet tap and go transactions.

Growing fees, higher rates lift Sumitomo Mitsui Trust Bank’s profits

SMTH’s low-risk asset portfolio meant that profitability is weak.

Singapore bank UOB and South Korea's Woori Card announce pioneering reciprocal card partnership

UOB reinforces leadership position in travel and entertainment through strengthening its partnership ecosystem to offer exclusive privileges to its ASEAN customers

Commencement of Operation of GIFT City Branch in India

The new GIFT City Branch will focus on the foreign currency-denominated lending business enabling SMBC to further strengthen its capabilities and capacity to support its clients in India.

NAB suffers internet banking outage

NAB said at 10pm on Monday that the issues had been resolved.

China Development Bank extends US $28 billion in support of green projects

It said the bank's cumulative issuance of carbon-reduction loans through a carbon-reduction credit facility has exceeded 110 billion yuan.

NAB invests in Zodia Custody

Last year Zodia Custody announced it had set up shop in Australia, planning to serve local institutional clients.

Korea Post hires Hana Bank as trustee and investment service provider

The appointment is effective July 1.

Citi Launches Commercial Banking Unit in Japan

Yutaka Naito will lead the business after recently being appointed as head of CCB for Japan.

New Australian anti-scam sharing technology unveiled

CBA is the first bank to integrate and share information into a new ‘anti-scam intelligence loop’ making it faster to report and remove scams across banking, digital platforms and telecommunications.

China potential intact with strong trade and wealth flows despite economic uncertainties: OCBC

A maturing home market and geopolitical uncertainties are spurring Chinese businesses to diversify their operations and supply chains by expanding into South-east Asia

Sygnum: DeFi and CeFi Not Mutually Exclusive

In contrast, centralized finance (CeFI) provides the same utility via the usage of intermediaries.

Singapore enjoys benefits from cross-border payment links

As the number of visitors to Singapore continues rising post-pandemic, the Monetary Authority of Singapore (MAS) is expecting more and higher-value cross-border payment transactions.

Retail Banking