Managers of Wealth Asia Pacific

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.

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.

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