Standard Chartered saw net new money from affluent clients double, contributing to its multi-year target of $80 billion.
London-headquartered Standard Chartered registered a profit increase, primarily due to a rise in non-interest income across the board.
Swiss financial group Marcuard Heritage has hired a new CEO for its Singapore branch. This move marks a new chapter in the company's history.
Singapore-based OCBC has completed the acquisition of Commonwealth Bank of Australia’s Indonesia unit.
UK-based asset manager abrdn has formed a strategic partnership with wealth management firm FNZ to form a digital platform in Asia.
Following the takeover of Credit Suisse, UBS will look to extend the fallen Swiss bank’s conference legacy in Asia.
Singapore-based DBS has posted a record net profit for the first quarter of 2024.
Hong Kong-headquartered AIA has launched a wealth center in Singapore targeting affluent and high net worth individuals.
Noel Quinn has announced his retirement as group CEO of HSBC. The bank aims to complete a search for a successor by the second half of 2024.
The wealth and personal banking unit of HSBC recorded strong growth across the board, especially in Asia.
London-headquartered HSBC recorded lower profits in the first quarter of 2024 as higher expenses and expected credit losses offset a revenue uptick.
HSBC CEO Noel Quinn has decided to retire after more than three decades with the British lender.
Singapore’s headline money laundering case has sentenced its fourth individual to jail for more than one year.
The digital asset hub ambitions of Hong Kong have been furthered following the official launch of crypto exchange-traded funds for trading.
The private banking arm of OCBC has reportedly let go of staff over misuse of medical benefits.
The private banking arm of HSBC has discontinued its external asset management business in Hong Kong and Singapore.
Despite growing market challenges, Asia Pacific investors remain optimistic about increasing exposure to private markets in the coming years, according to a State Street Survey.
Singapore-based Temasek Trust has launched a new advisory services unit led by a former UBS executive.
The CEO of Hong Kong-based asset manager Value Partners has resigned after less than two years on the job.
The recent all-time high of $2,400 per ounce signals that the gold trade has entered a new phase. Degussa, a gold trading company, is preparing for further price increases and expanding into additional countries. «We are considering entering other countries in...
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