Managers of Wealth Asia Pacific

No. of bank branches falls for 6th straight year in 2024: data

Banks have opted to shut down branches as part of cost-cutting measures, as more customers prefer mobile and internet banking.

Nuvei seals deal to acquire Paywiser Japan Limited, launches direct acquiring capabilities in Japan

The completed acquisition of Paywiser Japan Limited includes an acquiring licence granted by the Japanese Ministry of Economy, Trade and Industry (METI).

HSBC Malaysia opens flagship wealth centre at TRX to serve high-net-worth clients

Given these factors, the timing is right for HSBC to launch its flagship wealth centre in Malaysia.

DBS Foundation Allocates Over IDR 100 Billion to Enhance Social Impact in Indonesia by 2028

This initiative reflects DBS Group’s SGD 1 billion commitment announced in 2023 to support vulnerable communities over the next decade.

PagoNxt launches real-time payments to China

This flexibility caters to the diverse needs of businesses looking to expand their cross-border payment capabilities, across sizes and industries.

Maybank Unveils Money Lock for Enhanced Banking Security

This extra layer of protection allows customers to enjoy the benefits of online banking without compromising their financial peace of mind.

Yibin City Commercial Bank seeks up to $240 mln in Hong Kong IPO

The company will offer 688.4 mln H shares as part of its global offering, at an offer price of HK$2.72 per share

OCBC Bank (Hong Kong) Limited’s Sale of the Entire 33.33% Stake in Hong Kong Life Insurance Limited

The completion of the transaction will be conditional upon customary closing conditions including but not limited to regulatory approvals.

MUFG Bank, Ltd. announces Regarding reorganization of overseas securities entities within MUFG

The reorganization is scheduled for July 1, 2025, subject to the completion of necessary procedures, including approvals from the relevant regulatory authorities in Japan and abroad.

Westpac New Zealand admits to customer overcharges

The FMA acknowledges Westpac’s full cooperation throughout the FMA’s investigation, and the work it undertook to remedy the issues.

UOB and OCBC junior staff to receive one-off payments to cope with cost of living

This plan is expected to cost the bank up to $8 million, UOB said in a statement on Dec 23.

A Wave of New Banking Leadership in Asia

This was the result of mergers, restructuring, succession or simply the day-to-day fast-paced changes that are commonplace in the region.

GoTyme Bank reaches 5 million users in 2024

The bank is aiming to reach 9 million customers by end-2025.

Citi Establishes Securities Lending Collaboration

The collaboration will take advantage of the large ASEAN client base of Maybank Securities as well as Citi’s securities lending platform

CIMB launches Malaysia’s first e-invoice payment terminal

The device also functions as a standalone Point-Of-Sale (POS) system.

Deutsche Bank launches merchant solutions in Asia Pacific, empowering eCommerce growth

DataMesh consolidates cross-border payment data and enables Deutsche Bank’s clients to centrally manage their payments across currency borders and different jurisdictions.

ASX Release - Completion of AMP Advice transaction

The new partnership creates a sustainable business model for AMP Advice, while providing advisers continuity of services, relationships and retention of their community.

Maybank recognises financial literacy champions at the 3rd Regional Financial Education Excellence Awards 2024 in the Philippines

Group continues commitment in financial literacy, positively impacting over 370,000 children, trained more than 6,300 teachers across 1,370 schools in eight countries.

Hang Seng Bank Unveils Newly Renovated Hong Kong Main Branch with the Debut of the Market-New 'Come to You' Service Concept

Applications of Innovative Technology and Environmental-friendly Designs

Access Bank UK expands footprint with Hong Kong branch

The launch of the Hong Kong branch establishes Access Bank UK

Retail Banking