Since OCBC’s acquisition of Hong Kong lender Wing Hang Bank in 2014, it has managed to realize synergies and significantly grow its Greater China business with the region’s earnings share tripling from six percent to nearly one-fifth.
Assets under management from Bank of Singapore’s Greater China business nearly tripled in five years, due to a major expansion drive and a client-oriented focus, particularly on lifestyle.
Claude Haberer, equity partner of the Pictet Group and CEO of Pictet Wealth Management (PWM) Asia, is appointed chairman of private wealth management, Asia. He is succeeded as CEO by Tee Fong-Seng from EFG Bank.
Trident Trust Group has enhanced its range of company secretarial services it provides to businesses listed or intending to list on the Stock Exchange of Hong Kong, finews.asia can exclusively reveal.
Alibaba co-founder, Joseph Tsai, has concluded a deal for the controlling interests in NBA team Brooklyn Nets for $2.3 billion – an all-time record-high price for any U.S. sports franchise.
Perhaps we need to let go of our expectations of independently functioning machines and instead focus on how we can use machine learning as a human-led tool, Jeffrey Bohn writes in his essay for finews.first.
China Construction Bank hopes to reach more millennial consumers and is using alternative scoring services to improve decision making and improve financial inclusion efforts to reach this demographic.
Despite a fall in the total value of fintech deals globally in the first six months of 2019, the value of fintech deals in Singapore has nearly quadrupled.
Major financial data provider Refinitiv has launched a new service providing real-time data through cloud-based delivery in Asia, leveraging Amazon Web Services.
Gold has only strengthed its reputation as a safe haven amid global instability, but those with physical holdings in Hong Kong are reconsidering their storage options.
DBS Bank hopes to be more pre-emptive in meeting its customers' needs, and is leveraging data analytics and artificial intelligence to make banking more effortless, says its head of big data and AI.
HSBC's gender-neutral approach to sports sponsorships has benefitted the bank as well as World Rugby and could serve as a case study for brands looking to enter women's sport.
The Hong Kong Monetary Authority is reportedly investigating China Citic Bank International for its offshore financing activities, an ongoing headwind for Beijing authorities due to their desire to maintain capital controls.
In 10 years, DBS has managed to profoundly transform its IT culture with IT spending shifting from 85 percent outsourced to 85 percent in-house.
Two months after a massive backlash in China, UBS' former top economist Paul Donovan is still AWOL. The Swiss bank hasn't sat out the tricky «swinegate» affair yet.
The Group's half-year performance was again driven by its Asian business, which benefitted from high-quality recurring income.
The three appointments for its Retail Banking and Wealth Management unit further HSBC's ambition to grow its business in Singapore.
Kora Management, an investment firm focused on financial and technology sectors across emerging markets, plans to invest up to $125 million in Indian financial services conglomerate Edelweiss Group.
A digital touch here and a there is not the way to go, an IBM general manager told finews.asia, describing it as «random acts of digital.» Banks need to overhaul the way they behave, he said.
The new chief customer officer will focus on Japan and APAC, where he will help banks and insurers «unlock the value of contextual intelligence for their sales and distribution.»
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