Managers of Wealth Asia Pacific

Appraisal update: Top performers to be rewarded with 20 per cent increment

Those rated as top performers by their companies will get salary increments that are almost twice that of their 'average' peers in 2015

1MDB says PKR MP confirmed wisdom in keeping funds in Cayman Islands

PKR MP Wong Chen’s observation of currency gains made by 1 Malaysia Development Bhd through its offshore accounts in the Cayman Islands validates its concern over foreign exchange fluctuations

China gloom halts EM rally, rouble powers on

Weak sentiment in China halted a four-day rally in emerging market stocks on Tuesday, though there was no stopping the resurgent rouble as steadier oil and central bank muscle-flexing lifted it to a two-week high.

A.M. Best Affirms Ratings of Sovereign Assurance Company Limited

A.M. Best has affirmed the financial strength rating of A+ and the issuer credit rating of “aa-” of Sovereign Assurance Company Limited

Assets under Malaysia's PRS continue to rise

Assets invested via Malaysia’s nascent Private Retirement Scheme have continued to rise, reaching 595 million ringgit as of the end of November.

Cayman fund numbers slump in Hong Kong

The number of Cayman Islands funds authorised in the city has fallen 30% this year against a rise in HK-domiciled funds.

Bank of Singapore set to notch record growth in 2014 - Business Times

Bank of Singapore, the private banking arm of Oversea-Chinese Banking Corporation, is back on track to post double-digit growth for 2014, likely as much as 15 percent, said the Business Times, citing its outgoing chief executive.

UOB to grow wholesale bank revenue by 15 per cent

United Overseas Bank Bhd, a subsidiary of Singapore-based UOB Group, aims to grow its wholesale bank business revenue by 15 per cent in the next two years.

Nikko Asset Management Tops NZ$4bn in AUM

Nikko Asset Management Tops NZ$4bn in AUM as Global Investors Eye New Zealand

Maybank 9 Month Profit Up 1.7 Percent

Net profit, meanwhile, was RM4.79 billion, marginally lower by 0.7 percent from the RM4.82 billion a year earlier, owing primarily to a higher tax charge.

Maybank posts earnings of RM1.61b in Q3 (Update)

Maybank said its revenue was RM8.934bil compared with RM8.276bil a year ago. Earnings per share were 17.62 sen versus 20.05 sen.

Affin Holdings Q3 earnings at nearly RM142m

The banking group announced on Monday its revenue increased by 22.6% to RM937.17mil from RM764.09mil. Earnings per share were 7.36 sen compared with 11.57 sen. It declared an interim dividend of 15 sen.

NAB's US business lifts profit

NATIONAL Australia Bank's US subsidiary Great Western Bancorp lifted its full year net profit nine per cent due to cost cutting and fewer bad debts.

Natixis to Exceed Asia Growth Target in 2014, Mignon Says

Natixis, controlled by Groupe BPCE, France’s second-biggest lender by branches, expects revenue in the region to rise more than 20 percent this year,

NAB profits dip on UK write down

National Australia Bank has announced annual 2014 net profit of $5.3 billion, a 1.1% decrease from 2013.

Sumitomo Mitsui Financial Group Profit Slips

Net Profit Slips 5.2% From Year Ago During “Abenomics” Heyday

HK and Singapore boost Asia sales at Aegon

Aegon’s new life sales in Asia almost doubled to €27m in Q3 2014, despite the company recording quarter by quarter drops in many of its other life divisions.

Reliance Cap Q2 profit up 20% on MF, general insurance push

Financial services major Reliance Capital today reported 20 per cent rise in its second quarter net profit to Rs 217 crore, helped by robust growth in mutual fund, commercial finance and general insurance businesses.

Vietnam bank BIDV says third quarter profit jumps 39.2 pct

Joint Stock Commercial Bank for Investment and Development of Vietnam, or BIDV

Manulife Financial Corp profit rises to $1.1-billion as Asia unit sales gain

Our results were highlighted by very strong sales from Asia, partially offset by some weaker results in Canada and the U.S.

Retail Banking