In Focus

ING to sell Asia investment management separately

ING will auction its investment management business separately from its Asian insurance business. Read ››

NAB's wealth management pushes group revenue up to $1.4B

NAB posted unaudited cash earnings of $1.4 billion in the first quarter of the 2012 financial year. Read ››

CIMB-Principal internationalizes Malaysian Islamic asset management

The Central Bank of Ireland has approved the establishment of CIMB-Principal Islamic Asset Management (Ireland) Public Limited. Read ››

Sales of wealth products in China more than doubled in 2011

Chinese banks more than doubled sales of wealth management products in 2011 to an estimated 15.5 trillion yuan or $2.46 trillion. Read ››

Mizuho bares Asian expansion plans

Mizuho Financial Group may buy an investment bank in Asia to help improve slow growth in winning equity and debt offerings in the region. Read ››

Barclays to scale down retail bank operations in India

Barclays will not book new retail loans in India, while maintaining its deposit business. Read ››

Singapore hedge fund sector set to shrink on tighter regulations

Singapore's $53 billion hedge fund industry is set for a shakeout as the city-state's planned new regulations are expected to raise costs. Read ››

RBS to double wealth assets in Asia by 2015

RBS will double its private banking assets in Asia within five years from the $15 million it currently manages. Read ››

ABC launches cross-border private banking

ABC and the BMO Financial Group launched its cross-border financial services of private banking. Read ››

Fund targets growth in China, India and Indonesia

  Swiss & Global Asset Management has launched a Luxembourg-domiciled equity fund targeting growth in China, India and Indonesia. Read ››

$13.1B bid launched for AXA Asia Pacific

AMP and AXA SA launched a $13.1 billion-plus bid for AXA Asia Pacific. Read ››

RBC beefs up Asian presence with Fortis

RBC has acquired Fortis Wealth Management Hong Kong from Belgian Fortis Bank. Read ››

Hong Kong top location in Asia for listings

International companies seeking a listing are after improved valuation in the currently buoyant Hong Kong market. Read ››

Bank of Communications to launch HK private banking

The lender sees Hong Kong capable of attracting investors of private trust funds and investment immigration. Read ››

Singapore Exchange's September securities trading up 20%

Record volume of 4,530 contracts for SGX Nikkei Dividend Futures contract was achieved in September. Read ››

Exchange Fund total assets surges by $43bln

Foreign currency assets grew $24.2bln behind gains on foreign currency investments. Read ››