Managers of Wealth Asia Pacific

UOB Legally Demands $4 Million Debt Payment

The company is presently seeking legal advice and is engaging with UOB to remedy the situation, it added.

IMB Bank Delivers Strong Performance in a Challenging Market

Continues to grow profit and maintain margin while growing deposit and loan portfolios and improving services and experience

UBS Asset Management drops fees

The changes came into effect on August 29.

Citibank NA Bangladesh recognised for digital leadership

Citi’s Treasury and Trade Solutions launched CitiDirect BE® on mobile and table devices in Asia Pacific over the past year.

J.P. Morgan to Establish an Electronic Foreign Exchange Trading and Pricing Engine in Singapore

Singapore remains J.P. Morgan’s long-standing FX hub in Asia Pacific and this partnership with MAS will improve client experience through reduced latency in trade execution and greater price transparency.

HSBC Shaves M&A Jobs in Japan and Australia

But while HSBC is cutting staff costs, it is investing elsewhere including a potential acquisition of Aviva’s Asia business to diversify and boost insurance capabilities in Southeast Asia.

HSBC cuts off 200 jobs in Pune, Bangalore

HSBC Bank group CEO John Flint has stepped down on August 5, 2019, after serving for only 18 months.

Bank of Singapore: Greater China Assets Nearly Tripled

Whichever private bank can embed lifestyle into banking will capture the bigger share of client wallet.

S. Korean Investment Banking Industry Embroiled in DLS Controversy

While filing a complaint with the financial authorities, they are also planning to take legal action against securities companies and asset management firms that have designed the fund products.

In the eyes of many, HSBC is no longer so special to Hong Kong

Departure of CEO John Flint after just 18 months in the job is but one indication that the lender has lost its status as city’s favoured son

Bank of Japan watchers see more stimulus in September

Citigroup Inc economists see more stimulus at the meeting if the yen keeps gaining.

As Hong Kong lenders trim staff, prospects tighten for some expat bankers unless they change roles, take a pay cut

Banks in Hong Kong are increasingly focused on local hires with language skills, according to headhunters

Deutsche Bank Reorganizes Asian Investment Bank After Cuts

The new set-up of Deutsche Bank’s Asian investment bank is part of a sweeping restructuring unveiled by Chief Executive Officer Christian Sewing one month ago that includes 18,000 job cuts by the end of 2022 and will decrease the lender’s reli

Mirae Asset enjoys earnings surprise in Q2

Mirae Asset recorded over 200 billion won in net profit in six quarters since the first quarter of 2018.

BOJ policy makers divided on easing

The BOJ must communicate more clearly its resolve to take additional monetary easing steps without hesitation if the momentum to achieve its price target is under threat

Standard Chartered, Hang Seng Bank close branches as citywide strike, protests wreak chaos in Hong Kong

Standard Chartered, one of the three banks that issue currency in Hong Kong, closed several branches in the afternoon, China Citic Bank International closed five out of its 30 branches, and Citibank closed two branches an hour earlier than usual.

MUFG concludes First State Investments purchase in $2.7bn deal

Mitsubishi UFJ Trust and Banking president and CEO Mikio Ikegaya said: “We are committed to supporting FSI’s strategy of delivering high-quality investment capabilities and establishing and maintaining strong client relationships.

CIMB shuts HK investment banking operations

The bank was reported to have let go of 10 investment bankers based in Hong Kong due to strong competition, leaving only one to oversee the transition, capital markets publication IFR reported.

Australia's Macquarie to disband asset finance unit, bank's one-time profit-driver

The quarterly contribution to full year profit from its corporate asset finance, asset management, and banking services units were down from the first quarter last year, she said.

Macquarie annuities, asset management down

Macquarie AM closed the quarter with $552.7 billion in AUM, up 2% from the previous quarter. Its banking and financial service business saw total deposits down 1% at $53.1 billion - its funds on platform grew by 3% to $88.8 billion.