Private Banking

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 ››

Goldman Asia Pacific's Ghani leaves

Goldman Sachs prime brokerage's head of capital introductions for Asia-Pacific Tanvir Ghani has left the firm. Read ››

UOB stock rises on private banking plan

Shares of  United Overseas Bank rose by 2 percent with its plan to provide wealth management services to individuals with rising affluence. Read ››

TA Investment declares dividend for Islamic Fund

TA Investment Management Bhd declared a gross income distribution of four sen per unit for its TA Islamic Fund. Read ››

Indonesia to issue ‘prudential guidelines for private banking’

The nation’s central bank is currently laying out “prudential guidelines for private banking” in the form of a new BI regulation, a top official says. Read ››

Citi Private Bank sets up Asia Family Office

  Citi Private Bank Asia Pacific has two key new appointments to enhance its offering to clients in Asia Pacifc. Read ››

Barclays Wealth intensifies Asia presence

  Barclays Wealth made six director-level hires to its Asia Pacific private banking business in recent weeks. 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 ››

HSBC introduces new Private Banking leadership teams

The lender announced replacements of heads of North Asia, South East Asia, and EMEA regions. Read ››

JPMorgan mulls to beef up Asian private banking

Lender plans to step up non-US business from Asia to 50% from current 20%. Read ››

DBS targets 20-30% assets growth in major Asia markets

Lender expects to expand S$35bln private banking operations by adding China, Indonesia, and India market. Read ››

Foreign lenders expand their China private banking operations

Renminbi new incremental loans amounted to $675.43bln in 1H 2010 prompted banks to recruit more staff. Read ››

Ikeda and Senshu integrate with BTMU support

The Bank of Ikeda, Ltd. and the Senshu Bank Ltd., a consolidated subsidiary of the Bank of Tokyo-Mitsubishi UFJ, Ltd., have entered into an agreement concerning their business integration with BTMU. Read ››

HSBC increases SME fund by 100%

HSBC will double its SME loan fund in Hong Kong to US$1.03 billion to accommodate more than 3,000 applications. Read ››

VP Bank the new kid on S’pore’s private banking block

In the midst of Singapore’s rise as the undisputed private banking hub of Asia, Isaac Stewart speaks to Reto Isenring, Managing Director of VP Bank, Singapore. Read ››

MUFG denies merger report with Morgan Stanley

Mitsubishi UFJ Financial Group (MUFG) denies having reached a deal to a time table or structure with Morgan Stanley for a joint operation in Japan. Read ››

HSBC expands rural bank franchise to Beijing

HSBC has opened a rural bank in the Miyun County of Beijing, further expanding its rural banking franchise in mainland China. Read ››

Nomura launches Investment Banking operations in India

Nomura Financial Advisory and Securities (India) Private Ltd. (Nomura India), a wholly owned subsidiary of Nomura Holdings, Inc. Read ››

HSBC begins operating as Vietnam's first locally incorporated foreign bank

HSBC has started operating its locally incorporated entity on January 1, 2009. Read ››

Credit Suisse wins Outstanding Global Private Bank award

Credit Suisse was awarded two major international industry accolades as "Outstanding Global Private Bank" and "Outstanding Business and Entrepreneurs Private Bank" at the 18th Private Banker International Wealth Management Summit held in Singapore. Read ››