Wealth Management

Maybank Kim Eng non-interest income to boost group's growth

Maybank will report commendable first quarter results with pre-provision operating profit growth expected at 19.3 percent. Read ››

China grants licenses to 5 foreign investors in April

Five foreign institutions were granted licenses by the China Securities Regulatory Commission in April. Read ››

Sumitomo Mitsui to acquire stake in China Post

Sumitomo Mitsui Banking Corp. will buy a 24 percent equity stake in China Post & Capital Fund Management Co. Read ››

RHB Capital to acquire OSK Investment, Bank Mestika

RHB Capital hopes to play a bigger role in the Indonesia market after it acquires Bank Mestika. Read ››

Sukhumvit Asset Management allots $96.9M for NPLs

Sukhumvit Asset Management is earmarking 3 billion baht or US$96.9 million this year to bid for non-performing loans worth 120 billion baht. Read ››

CIMB Principal submits range of solutions

CIMB-Principal Asset Management will submit a range of solutions based on the private retirement scheme approved by the Securities Commission. Read ››

CIMB transforms into an investment bank with RBS’s Asia assets

CIMB Bank became the largest investment banking franchise in Asia outside Japan after acquiring the Asian assets of RBS. Read ››

Islamic wealth management conference to be held in Kuala Lumpur in April

Industry experts on Islamic Wealth Management  will share their wide spectrum of expertise at the upcoming Kuala Lumpur Conference 2012. Read ››

CIMB-Principal to list first Asia Pacific ETF on SGX

CIMB-Principal Asset Management listed Asia Pacific's first Exchange Traded Fund on the Singapore Exchange. Read ››

Macquarie cuts 10% of Asian investment banking jobs

Macquarie Group cut about 10 percent of its investment banking workforce in Asia last week. Read ››

Goldman eyes new Indonesia deals after losing out to Morgan Stanley

Goldman is eyeing other Indonesian brokerages after being elbowed out by rival Morgan Stanley in a race to buy a brokerage seat in Indonesia. Read ››

Asia’s investment bankers getting poorer with bonus cuts

On the rise this year has been the number of Asia bankers getting zero bonus. Read ››

ICBC rolls out mobile banking wealth management products

ICBC launched the first tranche of exclusive Mobile Banking wealth management products only available to ICBC mobile banking customers. Read ››

ING to sell Asia investment management separately

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

OSK Investment remains upbeat on Perwaja despite downgrade

Transformation efforts by Perwaja Holding kept OSK Investment Bank upbeat despite downgrade by Malaysian Rating Corp. Read ››

Australia's financial advisers optimistic

Risk-focused financial advisers in Australia are optimistic about the outlook towards them and their practices despite the changes in the industry. 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 ››

Nomura incurs $136M net loss for April-Dec.

Nomura incurred a group net loss of US$136 million in the April to December period partly due to a slump in business for corporate customers. Read ››

Krishna designated as Edelweiss Co- Fund Manager

Edelweiss Mutual Fund announced changes in the fund management responsibility. Read ››

Khazanah-linked Jadwa Investment declares 15% higher dividend

Jadwa Investment, linked with Malaysian governments investment arm Khazanah Nasional Berhad, has declared 15 % higher dividend of RM1.26 a share. Read ››

AmInvestment Bank eyes RM30 B in managed assets

AmInvestment is hoping to have  RM30 billion in total assets under management by end of its financial year on March 31. Read ››

Baring likens South Korea to 80s Japan

South Korea is in a good position to boost exports to emerging and developed markets in 2012, according to Baring Asset Management. Read ››

ANZ Asia's private banking head resigns

Nina Aguas has left her posts as managing director of ANZ's Asia-Pacific private banking arm to pursue other opportunities. 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 ››

Japan's Kokusai drops Italian, Spanish, Belgian bonds

Kokusai Asset Management has removed bonds of Italy, Spain and Belgium from its $25 billion fund, Japan's top mutual fund. Read ››

BSN's Wealth Management to contribute up to 15% revenue

Bank Simpanan Nasional expects its wealth management division to contribute up to 15 per cent of the bank's revenue next year. 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 ››

Barclays Wealth appoints head for Greater China unit

Barclays Wealth has appointed Januar Tjandra as Head of Greater China, to be based in Hong Kong, effective 5 December 2011. Read ››

Aladdin Capital to dispose corporate credit funds to Mitsubishi

Aladdin Capital Holdings LLC is splitting off part of its asset management business into a new company majority owned by Japanese trading firm Mitsubishi Corp. Read ››

Australia's Crescent Wealth targets Malaysian investors

Crescent Wealth is targeting investments from Malaysia, which is home to the world's second-largest Islamic funds market with about US$5 billion under management. Read ››

OSK-RHB merged entity will be top 3 investment banking group in M'sia

OSK Investment Bank Bhd will bring its expertise in the regional investment banking business and small and mid-cap companies in a merger with RHB Banking Group. Read ››

Julius Baer and Macquarie enter into strategic partnership

Julius Baer Group Ltd. (VX: BAER) and Macquarie Group Ltd. Read ››

Bank Muamalat offers dual currency investment product

Bank Muamalat  has launched the Islamic Dual Currency Investment, which will be initially offered in the Malaysian Ringgit, Euro and US Dollars to wholesale customers, reports Bernama News. Read ››

Central Huijin buys stocks in 4 Chinese major banks

Central Huijin Investment Ltd bought shares in four major Chinese State-owned banks on the secondary market on Monday, the company told Xinhua News. Read ››

Bank of China Prestigious Wealth Management established

Bank of China Prestigious Wealth Management - Chuang Fu RMB wealth management product phase 2011068 of Bank of China Limited was established with total funds raised of RMB 80 million. Read ››

Nikko AM- DBS Bank merger to produce Asia's largest regional asset manager

Nikko AM and DBS Bank completed the agreement to merge DBS Asset Management Ltd  and Nikko AM. Read ››

DBS and Sri Lanka's NDB to cooperate more in investment banking

DBS Bank and NDB Group have signed an MoU  to collaborate in equity and fixed income issuances, syndications, project financing and mergers and acquisitions. Read ››

ICBC launches home banking wealth management product

ICBC offers the first "Banking@Home" Electronic Banking wealth management product for users of Personal Internet Banking and Mobile Banking, the Bank said in an announcement. Read ››

ICBC and TAETEA launch tea wealth management product

ICBC will launch the first Pu'er Tea wealth management product exclusively for private banking customers. Read ››

Maybank to expand investment banking business regionally

Maybank plans to expand its investment banking business in Southeast Asia after the segment registered a 49% surge in fee-based income to RM292mil. Read ››