Managers of Wealth Asia Pacific

Hong Leong Bank Awarded the 'Excellence in Leadership in Asia' for its Response to the COVID-19 Crisis

Euromoney commented in its review that HLB's customers benefitted from the Bank's ability to look beyond the fringes of the envelope

JPMorgan revamps shareholder activism defense practice -sources

Hunker, who had worked at JPMorgan for 16 years, will join Ernst & Young and lead the professional services firm's push in advising boards on shareholder enragement, three people familiar with the matter said.

Singapore banks' results to reflect double whammy of low rates, weak growth

"We expect banks' profit to moderate over the near term due mainly to higher provisioning costs and low interest rates," said Shao Keng Ang, senior credit analyst at Eastspring Investments.

SocGen shuts Singapore trade commodity desk after Hin Leong hit

Earlier this year, SocGen was among more than 20 Singapore and international banks owed US$3.8 billion (S$5.2 billion) by oil trader Hin Leong

Maybank Indonesia 1HFY20 net profit rises to 809.7 billion rupiah

Maybank Indonesia said that in line with current market conditions where the industry is facing a slowdown in loan growth, the bank's total loans dipped 14.6% to 115.7 trillion rupiah as at June 30, 2020 from a year earlier.

Ping An Bank Named Asia's Best Digital Bank

Ping An Bank has disrupted itself, voluntarily and all but completely, from within.

Axis Bank net down 19% on new account norms

It will consolidate global services for corporate banking, trade finance, treasury and risk management in branches at Dubai, Singapore and GIFT City and shut down operations in the UK, Hong Kong, Shanghai and Colombo.

Thailand's National Savings Fund membership jumps to 2.3 million over 15 months, report says

She says the fund has been wooing students and freelancers by making it more convenient to contribute.

Macquarie better braced for these difficult times than it was during the GFC

It is also one of the few Australian companies to have a long history of success abroad.

Korea Launches Bond-Buying, Asset-Buying SPVs

The SPV will operate the bond-buying programme for six months until 13 January 2021

Japan's MUFG to expand lending business in Thailand with Grab's big data

"Since our investment phase is over, we are not considering making a big acquisition of commercial banks immediately but will harvest profits from the investments,"

Credit Suisse Halves Staff at Mainland Investment Bank

The report attributed part of the struggles to regulatory restrictions against the joint venture and financial problems marring the parent of Founder Securities, Peking University Founder Group Corp.

We’ve joined IBOS, an international banking network

Standard Chartered will initially add Singapore, India, mainland China, Hong Kong, Taiwan, and Malaysia to the IBOS network. In time, both parties will explore expanding the relationship to additional markets where Standard Chartered operates.

China plans to turn its lenders into universal banks

The release of licenses could also be seen as a strategy to counterbalance the imminent entrance or increase of weight of big foreign competitors that already offer a full spectrum of services.

Goldman India CEO Tells Clients Liquidity is the ‘Biggest Theme’

The impact of the pandemic is pressuring India’s sprawling corporates to refine their priorities, Chatterjee said.

DBS Inks Taxi Tie-Up

The two parties previously partnered to introduce QR code payment for taxi rides in 2017, which helped pave the way for consumers in Singapore to use QR code payments widely in everyday transactions.

Nomura to Sell Stake in BDO Nomura

Nomura does not expect the divestment to have a material impact on its consolidated results.

Are OCIO services gaining traction in Asia?

Several players have launched outsourced chief investment officer services in the region, with BNY Mellon IM being the latest to roll out such service.

HSBC hits out at ‘rumours’ with China investment vows

The comments came after HSBC this month publicly voiced its support for a new security law China is planning to enact in Hong Kong after pressure from officials and Chinese media.

China’s $3.5tn wealth management product market suffers losses

While the potential losses in most cases is less than 1%, they could undermine depositors’ confidence in the already fragile banking system.