Managers of Wealth Asia Pacific

BofA, Citi Cut Asia Investment Banking Headcount

JPMorgan also cut around 20 mostly mid-leveled investment bankers and Nomura cut 18 Asian banking jobs, the report added, most of which were focused on the China market.

Maybank posts flat profits in 2022

The Malaysian bank’s wealth unit was boosted by investments and loan growth.

Deutsche Bank invests in Australian paytech DataMesh

DataMesh consolidates the payment data cross border and enables Deutsche Bank clients to centrally control their payments across these currency borders and different jurisdictions.

JPMorgan cuts about 30 investment banking jobs in Asia-Pacific

The cuts impact bankers both with a regional and China-focused remit and come as investment banks seek to reduce costs globally, the people said, playing down the impact of ongoing geopolitical tensions and China’s regulatory environment.

Credit Suisse wins Jefferies banker, bonuses hinder First Boston reset

Under CSFB, the investment bank aims to win over bankers by offering a chance to get in at the ground floor of a rebranded firm, which promises to be leaner and less regulated than US peers like JPMorgan or European rivals like Deutsche Bank.

DBS full-year net profit rises 20% to record SGD 8.19 billion

Fourth-quarter earnings up 69% to SGD 2.34 billion, return on equity increases to 17.2%, both new highs

Macquarie Group 3Q 2023 Trading Update

The annuity-style businesses’ combined 3Q23 net profit contribution was substantially down on 3Q22.

Citi beat US rivals amid Asia investment banking pain

The division includes its treasury and cash management businesses, as well as traditional investment banking.

DBS remains Singapore’s most valuable brand

Brand Finance’s research showed that stronger revenues were main reasons for brand value growth of all three brands.

Westpac customers say they’re struggling to cope after banking blunder

Here’s how the glitch is hitting some customers.

MUFG Eyes More Asia Deals

Like other Japanese lenders, MUFG has been eager to expand abroad due to declining opportunities in its home market, which has a rapidly aging population and low-interest rates.

Morgan Stanley to slash 2022 banker bonuses in Asia by up to half - sources

The reduced payouts could lead to its bankers' overall compensation in Asia dropping by an average of 30%, said the first two sources.

Banks in Singapore expand wealth, tech jobs even as Wall Street layoffs gather steam

Hiring may have slowed for 2022, as is typical for most year-ends, but recruiters said they have received mandates for the next year that include salary packages between 20 and 40 per cent above the norm, as employers jostle for talent.

Maybank's Leow to increase capital-protected range

With concerns the market could yet have another leg down, Maybank's head of unit trusts Colin Leow is looking to up the number of alternative and capital-protected products it offers to clients.

Kenanga Investment Bank to build wealth super app with Antchain technology

“The SuperApp will integrate a spectrum of financial and wealth offerings under one easy to access ecosystem, transforming how Malaysians view and approach wealth creation,”

ANZ removes wealth management risk from bank

The bank would pay a final dividend of 74 cents per share.

Goldman Sachs' Asian business has slumped to a three-year low

The slump in Goldman’s performance explains why the bank has moved first to cut jobs in the region, with 30 staff in its China investment banking division leaving as part of a redundancy program.

Bank of Japan to conduct emergency bond buying as yen teeters near 150

Thursday’s move showed the BOJ was continuing to buy bonds and keeping the YCC policy in place.

SoftBank’s Vision Fund to layoff 30% of staff

The company has backed a host of fintechs including Klarna, Revolut and Zopa.

House of the year, Malaysia: CIMB

Asia Risk Awards 2022