Managers of Wealth Asia Pacific

Saudi EXIM Bank signs 2 agreements with Japan’s SMBC and MUFG banks

The agreements aimed to foster cooperation and create co-financing opportunities to promote non-oil exports in target markets

Qudos and Bank Australia to proceed with merger

Bringing Bank Australia and Qudos Bank together would create one of Australia’s largest customer owned banks supporting 300,000 customers

Japan’s biggest banks forecast record profits as rates rise

The banks are benefiting from an earnings boost following the Bank of Japan’s shift in March.

HSBC Life unveils new universal life plan targeting high and ultra high net worth individuals

The plan offers customers the flexibility to allocate funds between a general account and an index account.

DBS PB's Jaidka on its HK NRI desk and onshore India proposition

The Singaporean bank is seeing increasing interest from its NRI clients in Hong Kong as well as its onshore India clients.

OCBC and UOB Report Strong Growth in Wealth Management in Q1 2024

OCBC also reported a 5% increase in net profit from the previous year, totaling S$1.98 billion, with overall income rising by 8% to S$3.63 billion.

Chinabank reaffirms its customer focus with new campaign

The brand refresh builds on Chinabank’s solid foundation as a trusted bank with a keen understanding of its clients’ needs in an evolving landscape.

OCBC Group First Quarter 2024 Net Profit Rose 22% from the Previous Quarter to a Record S$1.98 billion

The Group’s resilient quarter-on-quarter performance was driven by total income rising to a new quarterly high, strict cost discipline and lower allowances.

UOB Profit Dips From Higher Costs

The Singapore lender recently migrated customers in Thailand to the UOB platform after completing the transition in Malaysia and Indonesia in 2023.

NAB partners UK fintech Banked to boost merchant adoption of A2A payment solutions

The first group of NAB business clients to adopt the functionality are to go live with A2A payments “in the first half of 2024”.

Absa opens in China

China is now Africa’s and South Africa’s largest bilateral trade partner

Standard Chartered Q1 profit rises 5.5%, beats estimates

StanChart had taken a total of US$850 million in writedowns in the previous quarters on its stake in China’s Bohai Bank

China Construction Bank shows highest upside potential among Asia bank stocks

There is no certainty that the stocks will reach the price targets set by analysts.

NAB earns ‘Best Retail Bank for Digital’ for making banking easy and secure

The Digital Banker’s judging panel – including leaders from across the financial services industry – found digital initiatives including the removal of links from text messages and payment alerts made NAB best-in-class.

Axis pips Kotak Bank as 3rd most valued private bank

Axis Bank, with a market cap of Rs 3.5 lakh crore, replaced Kotak Bank as the fourth most valued lender in India.

Bank Danamon and MUFG Partner to Boost Financial Inclusion in Indonesia Through Strategic Insurtech Investment

The partnership was realized through an investment placement in Qoala

Standard Chartered accelerates API adoption with launch of new Open Banking Marketplace

In embracing the future of banking, Standard Chartered has been focused on enhancing its open banking capabilities through the sharing and use of APIs.

Goldman eyes local banking licence to grow ultrarich lending business

The Wall Street investment banking giant’s local private wealth team currently includes some 13 advisers in Sydney and Melbourne.

Westpac enables open banking for brokers

The partnership will see Westpac integrate open banking data through NextGen’s loan lodgement platform ApplyOnline.

Regional banks dying a slow death

The country’s smaller banks have a bleak future due to higher cost of funds, excessive capital requirements, costly technology upgrades and lack of scale. But will regulators do anything about it?

Retail Banking